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Property profile & analytics
OFF-MARKET
Estimated value
$5,825,000
Hotels
3003 Memorial Rd Oklahoma City, OK 73134-0903
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0587889
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2003
Construction
WOOD FRAME
Total area
47,538 SF
Lot
2.19 ac (95,440 SF)
APN
20-370-1080
UPID
US69-0587889
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
-
La Quinta Inn & Suites by Wyndham OKC North - Quail Springs Hotel & Motel
-
Mercy south hospital Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.79M
CAP Approach
CAP
$5.32M
Comparable Approach
Comparable
$4.49M
Blend (final)
Blend
$5.83M
Owner & transaction history
Sunny Hotels LLC · 4 yrs held
Sunny Hotels LLC
since 2022
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.2M
+130.9%
Medical building
$7.4M
+108.5%
Auto repair, garage
$7.1M
+98.5%
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 Oklahoma City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oklahoma City 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
$5,915,000
ML approach
$5,785,000
CAP Approach
CAP Return
Estimation
6%
$5,760,000
6.5%
$5,315,000
7%
$4,935,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,560,000
Current use
COMMERCIAL (GENERAL)
$8,220,000
Change: +131% · Conversion: Difficult
MEDICAL BUILDING
$7,420,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,070,000
Change: +99% · Conversion: Difficult
OFFICE BUILDING
$6,100,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$5,870,000
Change: +65% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,390,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$5.83M
Range $5.24M – $6.41M · ±10% · vs last sale $6.05M (Jul 13 2022)
Last sale anchor
$6.05M
Jul 13 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
$123 / 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
$73,905
Tax year 2023
Assessed value
$620,950
Assessed 2023
Previous assessed
$506,880
+22.5% YoY
Effective rate
11.90%
On assessed value
Assessed land
$104,965
Assessed improvement
$515,985
Land market value
$954,230
Improvement market value
$4,690,770
Total market value
$5,645,000
Applied tax rate
212.0000
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
2003
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
3
Units
96
Rooms
96
Total area
47,538 SF
Lot
2.19 ac (95,440 SF)
APN
20-370-1080
UPID
US69-0587889
Jurisdiction
OKLAHOMA
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
$3.6M
COMMERCIAL (GENERAL)
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.1M
RETAIL STORES
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
96
Rooms
96
Lot
2.19 ac
Current owner
From public records · entity-resolved
Sunny Hotels LLC
Entity
Mailing address
3048 N GRAND BLVD, OKLAHOMA CITY, OK 73107-1818
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
Jul 13, 2022
$6,050,000
Sunny Hotels LLC
New Century Inevstments III LLC
Special Warranty Deed
$6,480,000 · First Liberty Bank
May 12, 2020
—
New Century Invs III LLC
—
Deed
related
$446,483 · Quail Creek Bk
Jun 30, 2016
—
New Century Invs III LLC
—
Deed
related
$4,118,248 · Quail Creek Bk
—
—
New Century Invs III LLC
—
Deed Of Trust
related
$1,348,789 · Coppermark Bank
—
—
New Century Invs III LLC
—
Loan Modification
related
$446,483 · Quail Creek Bk
—
—
New Century Invs III LLC
—
Deed Of Trust
related
$4,118,248 · Quail Creek Bk
—
—
New Century Invs III LLC
—
Loan Modification
related
$3,360,257 · Coppermark Bank
—
—
New Century Invs III LLC
—
Deed Of Trust
related
$1,410,300 · Coppermark 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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