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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2600 Aspen Ave Broken Arrow, OK 74012-1126

    • Motels
    • 58,758 SF
    • 3.97 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2022
    $6,500,000
    Value Estimations
    $6,515,000
    Show details
    Cap Rate Potential
    3.3%
    Motels
    Location Intelligence
    Property ID
    US69-0043910
    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.

    Current Use by Public Records

    • Econo Lodge Broken Arrow - Tulsa / Hotel
    • Green Country Motel Investment / Indoor Lodging
    • Clarion Hotel Broken Arrow - Tulsa / Hotel

    Property Details for 2600 Aspen Ave

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.97 lot acres
    Property size
    58,758 SF
    Zone code
    CH
    Property type
    Motels
    APN
    83610-94-33-61630
    APU
    83610943361630

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,285,000
      ML approach
      $6,145,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,196,000
      Market price range: $3.00M - $7.20M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8165
    Latitude
    36.0774
    CBSA code
    46140
    CBSA name
    TULSA, OK METROPOLITAN 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
    $81,477
    $95,172
    $527,692
    $622,864
    -
    $865,200
    $4,797,200
    $5,662,400

    Comparable in this City

    • Value Estimation
      $260,000
      17,727 SF

      1401 Elm Pl

      MOTEL • 17,727 SF
      1401 Elm Pl, Broken Arrow, OK 74012-1653
      View Details
    • Value Estimation
      $510,000
      24,078 SF

      1200 Lansing St

      MOTEL • 24,078 SF
      1200 Lansing St, Broken Arrow, OK 74012-2099
      View Details
    • Value Estimation
      $785,000
      15,249 SF

      1301 Elm Pl

      MOTEL • 15,249 SF
      1301 Elm Pl, Broken Arrow, OK 74012-1610
      View Details
    • Value Estimation
      $515,000
      48,033 SF

      451 Albany St

      MOTEL • 48,033 SF
      451 Albany St, Broken Arrow, OK 74012-8144
      View Details
    • Value Estimation
      $175,000
      1,368 SF

      835 1st St

      MOTEL • 1,368 SF
      835 1st St, Broken Arrow, OK 74012-2644
      View Details
    • Value Estimation
      $485,000
      41,567 SF

      2300 Albany St

      HOTEL • 41,567 SF
      2300 Albany St, Broken Arrow, OK 74012-1408
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.62 Acres

      Greenway Business Park Land

      Two lots, prime Broken Arrow location. Highway access, ready for development.
      1823 Redbud Pl, Broken Arrow, OK 74012
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    • Contact for pricing
      37,026 SF

      Prime Broken Arrow Commercial Land

      Restaurant & Retail Sites, High Visibility
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    • $695,000
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      Prime Broken Arrow Development Land

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    • $353,730
      0.81 Acres

      Prime Broken Arrow Land - 0.81 Acres

      Agricultural land, ideal for development. Excellent location & price.
      0 177 Ave, Tulsa, OK 74012
      View Details
    • Contact for pricing
      7.14 Acres

      Broken Arrow Land Lease Opportunity

      ±7.14 Acres, Build-to-Suit Available
      93 93Rd St, Broken Arrow, OK 74012
      View Details
    • $471,754
      0.87 Acres

      Prime Broken Arrow Commercial Land

      High-traffic lot, ideal for office development.
      870 Mission St, Broken Arrow, OK 74012
      View Details

    Similar Nearby for Lease

    • $37 SF/Yr
      13,284 SF

      Adams Creek Retail Center

      Broken Arrow, OK retail spaces available
      23rd St, Broken Arrow, OK 74012
      View Details
    • $25 SF/Yr
      11,152 SF

      Broken Arrow Office Complex

      Two-building office space, newly renovated.
      2005 Elm Pl, Broken Arrow, OK 74012
      View Details
    • $9 SF/Yr
      12,000 SF

      Birch Flex Industrial: Prime Space Available

      Modern Flex Warehouse, 2,000 SF Vacant
      1150 Birch Ave, Broken Arrow, OK 74012
      View Details
    • $11 SF/Yr
      3,200 SF

      Medical Office Space Available

      3200 SF medical office space for rent.
      3100 S Elm Pl, Broken Arrow, OK 74012
      View Details
    • $13 SF/Yr
      1,000 SF

      Retail Space in Broken Arrow

      Retail space available for lease in Broken Arrow, Oklahoma.
      816-866 S Aspen Ave, Broken Arrow, OK 74012
      View Details
    • $9 SF/Yr
      1,880 SF

      Industrial Warehouse Space Available

      Industrial warehouse with convenient highway access and ample parking.
      2101-2230 N Beech Ave, Broken Arrow, OK 74012
      View Details
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    Broken Arrow, OK 74012-1126
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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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