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    2232 Main St Cushing, OK 74023-2907
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    Property profile & analytics

    2232 Main St, Cushing, OK 74023-2907

    View on Map
    • Motels
    • 17,570 SF
    • 2.54 lot acres
    Off-Market
    Property ID
    US69-0816924
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,550,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Executive Inn & Suites / Hotel & Motel

    Property Details for 2232 Main St

    Year built
    2012
    Lot size
    2.54 lot acres
    Property type
    Motels
    APN
    600002745
    APU
    600002745

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 3, 2017 — Riddhi Vanessa Laxmi LLC — Deed · related $1.4M · Quail Creek Bank NA
    Feb 13, 2012 — Pd Hospitality LLC — Trustees Deed · related $75k · Quail Creek Bank
    Jun 2, 2011 — Pd Hospitality LLC — Trustees Deed · related $1.3M · Quail Creek Bank
    Feb 24, 2011 $107,000 Pd Hospitality LLC Cushing Plaza LLC Warranty Deed · related —
    — — Pd Hospitality LLC — Loan Modification · related $1.3M · Quail Creek Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,805,000
      6.5%
      $1,665,000
      7%
      $1,545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,433,000
      Market price range: $226k - $1.88M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,115,000
      Current use
      COMMERCIAL (GENERAL)
      $2,230,000
      Change: +100% Conversion: Difficult
      RESTAURANT
      $2,100,000
      Change: +89% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,020,000
      Change: +82% Conversion: Difficult
      MEDICAL BUILDING
      $1,990,000
      Change: +79% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,915,000
      Change: +72% Conversion: Difficult
      RETAIL STORES
      $1,780,000
      Change: +60% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cushing
    County
    Payne
    State
    Oklahoma
    Longitude
    -96.7372
    Latitude
    35.987
    CBSA code
    44660
    CBSA name
    STILLWATER, OK MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,589
    $6,819
    $201,750
    $208,569
    -
    $61,960
    $1,832,920
    $1,894,880

    Comparable in this City

    • Value Estimation by Request
      15,301 SF

      310 Central Ave

      MOTEL
      310 Central Ave, Cushing, OK 74023-3204
      View Details
    • Value Estimation
      $770,000
      12,393 SF

      1720 Main St

      MOTEL
      1720 Main St, Cushing, OK 74023-2917
      View Details
    • Value Estimation by Request
      1,568 SF

      1018 Main St

      MOTEL
      1018 Main St, Cushing, OK 74023-2840
      View Details
    • Value Estimation by Request
      1,712 SF

      1027 Main St

      MOTEL
      1027 Main St, Cushing, OK 74023-2839
      View Details
    • Value Estimation by Request
      466,092 SF

      9321 Norfolk Rd

      Multifamily properties
      9321 Norfolk Rd, Cushing, OK 74023
      View Details
    • Value Estimation
      $2,065,000
      37,572 SF

      518 Main St

      HOTEL
      518 Main St, Cushing, OK 74023
      View Details

    Similar Nearby for Sale

    • $171,500
      25.32 Acres

      25 Acres Land with Ponds

      25.32 acres suitable for building and livestock near town.
      760243 S County Rd 3520, Cushing, OK 74023
      View Details
    • Contact for pricing
      1,127 SF

      Norfolk RV Park Opportunity

      RV park on 10 acres near river outside Cushing.
      9321 N Norfolk, Cushing, OK 74023
      View Details
    • Contact for pricing

      Land Suitable for Multi-Use Development

      Land ideal for travel center, fuel station, or retail development.
      7820 E Main St, Cushing, OK 74023
      View Details
    • $130,000
      10.70 Acres

      RV Park Potential Near Cushing

      10.7 acre property with RV sites near Cushing, Oklahoma.
      9321 N Norfolk, Cushing, OK 74023
      View Details
    • $672,000

      Land For Sale Cushing, OK

      Land available for purchase in Cushing, Oklahoma.
      780 E 780 Rd, Cushing, OK 74023
      View Details
    • New
      $199,900
      Pending

      41 Acres Pasture Land

      41 acres of land ideal for building or cattle.
      770 E 770 Rd, Cushing, OK 74023
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      Former Walgreens Retail Space

      Former Walgreens available for lease.
      1405 East Main St, Cushing, OK 74023
      View Details
    • Contact for pricing
      79,050 SF

      Warehouse Space in Cushing, Oklahoma

      79,050 square foot warehouse space available for lease.
      1200 N Maitlen Dr, Cushing, OK 74023
      View Details
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    2232 Main St
    Cushing, OK 74023-2907
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    2232 Main St, Cushing, OK, 74023
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