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Property profile & analytics
OFF-MARKET
Estimated value
$2,510,000
Hotels
301 Norman Ctr Ct Norman, OK 73072-4867
Entity Owned
1-yr Hold
Free & Clear
Property ID
US69-0394636
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1995
Construction
WOOD FRAME
Total area
34,308 SF
Lot
1.45 ac (63,162 SF)
Zoning code
C2
APN
NC29NRMCO 1 1001
UPID
US69-0394636
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
-
Fairfield Inn & Suites Norman Hotel & Motel
-
301 Norman Center Court Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.51M
Owner & transaction history
Midwest Heritage Inn Of Norman LP · 1 yrs held
Midwest Heritage Inn Of Norman LP
since 2024
4 recorded transactions
Zoning & alternative use
C2 · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.9M
+37.6%
Restaurant
$3.3M
+16.3%
Medical building
$3.2M
+12.3%
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%
$2,770,000
6.5%
$2,555,000
7%
$2,375,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,830,000
Current use
OFFICE BUILDING
$3,895,000
Change: +38% · Conversion: Difficult
RESTAURANT
$3,290,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$3,175,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,895,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±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
$73 / 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
$56,157
Tax year 2023
Assessed value
$467,662
Assessed 2023
Previous assessed
$445,392
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$47,124
Assessed improvement
$420,538
Land market value
$442,134
Improvement market value
$3,945,642
Total market value
$4,387,776
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
1995
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Rooms
76
Total area
34,308 SF
Lot
1.45 ac (63,162 SF)
Zoning code
C2
APN
NC29NRMCO 1 1001
UPID
US69-0394636
Jurisdiction
CLEVELAND
Zoning & alternative use
C2 · Norman, OK
Zoning C2 · permitted uses
C2 · Norman, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.8M
OFFICE BUILDING
Est. value
$3.9M
RESTAURANT
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
HOTEL/MOTEL Current
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
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
1995
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Rooms
76
Lot
1.45 ac
Current owner
From public records · entity-resolved
Midwest Heritage Inn Of Norman LP
Entity
Free & Clear · 1 yrs held
Mailing address
301 NORMAN CTR CT, NORMAN, OK 73072-4867
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
—
Midwest Heritage Inn Of Norman LP
—
Deed
related
—
Aug 15, 2014
—
Midwest Heritage Inn Of Norman In
—
Grant Deed
related
$100,000,000 · Citibank NA
—
—
Midwest Heritage Inn Of Norman LP|midwest Heritage
—
Deed Of Trust
related
$580,000,000 · Barclays Bk/plc
—
—
Midwest Heritage Inn Of Norman In
—
Deed Of Trust
related
$3,750,000 · Arvest 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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