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    3031 Military Blvd Muskogee, OK 74401-2212
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    Property profile & analytics

    3031 Military Blvd, Muskogee, OK 74401-2212

    View on Map
    • Hotels
    • 37,737 SF
    • 2.81 lot acres
    Off-Market
    Last Sale Oct 18, 2021
    $2,600,000
    Property ID
    US69-0141997
    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.
    Value Estimations
    $2,555,000
    Show details
    Cap Rate Potential
    9.1%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Comfort Inn & Suites / Hotel & Motel

    Property Details for 3031 Military Blvd

    Year built
    2002
    Lot size
    2.81 lot acres
    Property type
    Hotels
    APN
    4600-20-001-001-1-100-00
    APU
    460020001001110000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 18, 2021 $2,600,000 The American Motel Investors LLC Shani Hotels LLC Warranty Deed $2.6M · The American Motel Investors LLC
    Apr 30, 2021 — Shani Hotels LLC — Deed · related $1M · First Priority Bank
    Feb 18, 2021 $1,620,500 Shani Hotels LLC Paramkrupa Hospitality LLC Warranty Deed —
    Aug 15, 2018 — Paramkrupa Hospitality INC — Deed · related $1.8M · First Pryority Bk
    Oct 29, 2014 $2,826,000 Paramkrupa Hospitality LLC Absolute Hospitality INC Grant Deed $2.2M · International Bk/commerce
    Aug 1, 2007 $4,725,000 Owner Name Unavailable Owner Name Unavailable Warranty Deed —
    — — Paramkrupa Hospitality INC — Deed Of Trust · related $1.8M · First Pryority Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,600,000
      ML approach
      $2,420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,769,000
      Market price range: $689k - $2.39M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,660,000
      Current use
      RETAIL STORES
      $3,995,000
      Change: +141% Conversion: Difficult
      MEDICAL BUILDING
      $3,630,000
      Change: +119% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,235,000
      Change: +95% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskogee
    County
    Muskogee
    State
    Oklahoma
    Longitude
    -95.3995
    Latitude
    35.7666
    CBSA code
    34780
    CBSA name
    MUSKOGEE, OK MICROPOLITAN 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
    $29,331
    $26,891
    $259,572
    $286,463
    -
    $244,464
    $2,359,746
    $2,604,210

    Comparable in this City

    • Value Estimation by Request
      12,267 SF

      26 Broadway St

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    • Value Estimation
      $2,110,000
      37,989 SF

      1701 32nd St

      HOTEL
      1701 32nd St, Muskogee, OK 74401-2329
      View Details
    • Value Estimation
      $3,035,000
      51,918 SF

      2819 Military Blvd

      HOTEL
      2819 Military Blvd, Muskogee, OK 74401-2364
      View Details
    • Value Estimation by Request
      4,760 SF

      2701 Military Blvd

      HOTEL
      2701 Military Blvd, Muskogee, OK 74401-2363
      View Details
    • Value Estimation
      $1,930,000
      32,037 SF

      1601 32nd St

      HOTEL
      1601 32nd St, Muskogee, OK 74401-2248
      View Details
    • Value Estimation
      $6,100,000
      50,748 SF

      1650 32nd St

      HOTEL
      1650 32nd St, Muskogee, OK 74401-2248
      View Details

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      15,510 SF

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      Prime Muskogee Industrial Building

      Free-standing building, great location, ample parking.
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      7,000 SF

      Truck Stop on 7 Acres

      Truck stop with 7,000 SF building on 7 acres.
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    Similar Nearby for Lease

    • Contact for pricing
      104,924 SF

      Muskogee Industrial Warehouse For Rent

      Large industrial warehouse with office space available for lease.
      2211 W Shawnee St, Muskogee, OK 74401
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      2,100 SF

      Medical Space Available For Rent

      Medical space available September 1, 2025 in Muskogee, Oklahoma.
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      View Details
    • Contact for pricing
      21,015 SF

      Downtown Muskogee Office Space Available

      Customizable office spaces for lease in downtown Muskogee.
      215 State St, Muskogee, OK 74401
      View Details

    Property Visit Statistics

    • Visits by month
      4.2k
    • Visitors by month
      1.1k
    • Avg Time on site
      536 min
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    Muskogee, OK 74401-2212
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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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