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Property profile & analytics
OFF-MARKET
Estimated value
$16,865,000
Hotels
2501 Conference Dr Norman, OK 73069-6396
Entity Owned
18-yr Hold
Free & Clear
Property ID
US69-0233453
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
STEEL FRAME
Total area
253,438 SF
Lot
5.88 ac (255,915 SF)
APN
NC29UNPS2 1 1001
UPID
US69-0233453
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
John Q. Hammons Conference Center Conference Center Trade Show Venue
-
icbsshow Hotel & Motel
-
Embassy Suites by Hilton Norman Hotel & Conference Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.87M
Owner & transaction history
Jqh-norman Dev LLC · 18 yrs held
Jqh-norman Dev LLC
since 2007
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$26.7M
+27.7%
Medical building
$25.5M
+21.9%
Retail stores
$21.7M
+3.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,465,000
6.5%
$18,890,000
7%
$17,540,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$20,895,000
Current use
OFFICE BUILDING
$26,680,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$25,480,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$21,695,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,960,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$16.87M
Range $15.18M – $18.55M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$408,990
Tax year 2023
Assessed value
$3,405,973
Assessed 2023
Previous assessed
$3,405,973
+0.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$245,681
Assessed improvement
$3,160,292
Land market value
$2,047,344
Improvement market value
$26,335,767
Total market value
$28,383,111
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
10
Rooms
283
Total area
253,438 SF
Lot
5.88 ac (255,915 SF)
APN
NC29UNPS2 1 1001
UPID
US69-0233453
Jurisdiction
CLEVELAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$20.9M
OFFICE BUILDING
Est. value
$26.7M
MEDICAL BUILDING
Est. value
$25.5M
RETAIL STORES
Est. value
$21.7M
AUTO REPAIR, GARAGE
Est. value
$19.0M
HOTEL/MOTEL Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
10
Rooms
283
Lot
5.88 ac
Current owner
From public records · entity-resolved
Jqh-norman Dev LLC
Entity
Free & Clear · 18 yrs held
Mailing address
12735 MORRIS RD EXT STE #400, ALPHARETTA, GA 30004-8904
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2025
—
Jqh Norman Development LLC
—
Deed
related
$653,000,000 · Wells Fargo Bank NA
Sep 7, 2007
$941,000
Jqh-norman Dev LLC
University Town Center LLC
Grant Deed
—
—
—
Jqh-norman Dev LLC
—
Deed Of Trust
related
$250,800,000 · Goldman-sachs Mtg
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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