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Property profile & analytics
OFF-MARKET
Estimated value
$6,360,000
Motels
2600 Aspen Ave Broken Arrow, OK 74012-1126
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-0043910
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,758 SF
Lot
3.97 ac (173,064 SF)
Zoning code
CH
APN
83610-94-33-61630
UPID
US69-0043910
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
-
Econo Lodge Broken Arrow - Tulsa Hotel & Motel
-
Green Country Motel Investment Hotel & Motel Resort
-
Clarion Hotel Broken Arrow - Tulsa Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.20M
Blend (final)
Blend
$6.36M
Owner & transaction history
Neptune Hospitality LLC · 3 yrs held
Neptune Hospitality LLC
since 2022
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
CH · Broken Arrow, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.4M
+65.7%
Retail stores
$8.4M
+49.2%
Office building
$6.7M
+19.0%
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 Broken Arrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Broken Arrow 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
$6,285,000
ML approach
$6,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,660,000
Current use
AUTO REPAIR, GARAGE
$9,370,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$8,440,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$6,730,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$6.36M
Range $5.72M – $7.00M · ±10% · vs last sale $6.50M (Dec 30 2022)
Last sale anchor
$6.50M
Dec 30 2022
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
$108 / 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
$81,477
Tax year 2023
Assessed value
$622,864
Assessed 2023
Previous assessed
$363,000
+71.6% YoY
Effective rate
13.08%
On assessed value
Assessed land
$95,172
Assessed improvement
$527,692
Land market value
$865,200
Improvement market value
$4,797,200
Total market value
$5,662,400
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Buildings
3
Stories
4
Units
110
Rooms
276
Total area
58,758 SF
Lot
3.97 ac (173,064 SF)
Zoning code
CH
APN
83610-94-33-61630
UPID
US69-0043910
Jurisdiction
TULSA
Zoning & alternative use
CH · Broken Arrow, OK
Zoning CH · permitted uses
CH · Broken Arrow, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Broken Arrow. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$9.4M
RETAIL STORES
Est. value
$8.4M
OFFICE BUILDING
Est. value
$6.7M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Buildings
3
Units
110
Rooms
276
Lot
3.97 ac
Current owner
From public records · entity-resolved
Neptune Hospitality LLC
Entity
Mailing address
3225 MCLEOD DR #100, LAS VEGAS, NV 89121-2257
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
$6,500,000
Neptune Hospitality LLC
Strarford House Enterprises LLC
Warranty Deed
$5,000,000 · Enterprise Bank & Trust Co
Dec 30, 2022
—
Neptune Hospitality LLC
—
Deed
related
$436,500 · Enterprise Bank & Trust
Feb 5, 2015
$5,160,000
Stratford House Enterprises LLC
Green Country Motel Investments LLC
Special Warranty Deed
$4,200,000 · Avb Bank
Mar 31, 2006
$3,700,000
Green Country Motel Inv INC
Ba Hotel
Grant Deed
$3,565,174 · Arkansas Vly St Bk
Mar 30, 2005
—
Ba Hotel
—
Trustees Deed
related
$300,000 · Commercial Federal Bank
—
—
Green Country Motel Inv LLC
—
Loan Modification
related
$2,473,629 · Avb Bk
—
—
Green Country Motel Inv INC
—
Deed Of Trust
related
—
—
—
Green Country Motel Inv INC
—
Deed Of Trust
related
$2,997,157 · Avb Bank
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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