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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Motels
35 Sheridan Rd Tulsa, OK 74115-8718
Entity Owned
~
Est. High Equity
Property ID
US69-0042828
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1974
Construction
WOOD FRAME
Total area
25,268 SF
Lot
1.51 ac (65,601 SF)
Zoning code
CG
APN
21690-93-02-21620
UPID
US69-0042828
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
-
OYO Hotel Tulsa N Sheridan Rd & Airport Hotel & Motel
-
Rufus Bike Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.32M
Owner & transaction history
Legacy 290 LLC
Legacy 290 LLC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
CG · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Tulsa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulsa 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%
$1,055,000
6.5%
$975,000
7%
$905,000
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10% · vs last sale $1.40M (May 14 2025)
Last sale anchor
$1.40M
May 14 2025
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
$52 / 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
$14,085
Tax year 2023
Assessed value
$104,919
Assessed 2023
Previous assessed
$99,922
+5.0% YoY
Effective rate
13.42%
On assessed value
Assessed land
$14,046
Assessed improvement
$90,873
Land market value
$196,800
Improvement market value
$1,273,200
Total market value
$1,470,000
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
1974
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
101
Rooms
74
Total area
25,268 SF
Lot
1.51 ac (65,601 SF)
Zoning code
CG
APN
21690-93-02-21620
UPID
US69-0042828
Jurisdiction
TULSA
Zoning & alternative use
CG · Tulsa, OK
Zoning CG · permitted uses
CG · Tulsa, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulsa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
101
Rooms
74
Lot
1.51 ac
Current owner
From public records · entity-resolved
Legacy 290 LLC
Entity
Mailing address
35 N SHERIDAN RD, TULSA, OK 74115-8718
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2025
$1,400,000
Legacy 290 LLC
6409 Sunset LLC
Warranty Deed
$1,190,000 · Port 51 Lending LLC
Aug 18, 2020
—
35 North Sheridan Road LLC
—
Deed Of Trust
related
$670,000 · Kratz Rev Trust (ct)
Apr 30, 2018
—
35 North Sheridan Road LLC
—
Deed
related
$237,400 · Mehta K N & J K F/tr (pt)
Sep 14, 2017
—
35 North Sheridan Road LLC
35 North Sheridan Road LLC
Quit Claim Deed
related
—
Apr 20, 2017
—
35 North Sheridan Road LLC
—
Deed
related
$200,350 · Mehta Kishor N & J K Tr (pt)
Mar 13, 2017
—
35 North Sheridan Road LLC
—
Deed
related
$60,000 · Mehta Kishor N & J K Tr (pt)
Apr 22, 2016
—
Akp Property LLC
Desai,sanjay & Nimisha
Quit Claim Deed
related
—
Apr 22, 2016
$1,325,000
35 North Sheridan Road LLC
Akp Property LLC
Warranty Deed
$1,130,000 · Quail Creek Bank NA
May 24, 2010
—
Sanjay Desai
Hira,chetna
Grant Deed
$429,000 · Providence Bank Of Texas Ssb
Jun 13, 2007
$2,475,000
Akp Property LLC
Sai Ram INC
Grant Deed
$1,280,000 · Quail Creek Bank
Apr 11, 2006
$2,300,000
Chetna Hira
Laquinta Properties INC
Grant Deed
$1,884,375 · Quail Creek Bank
Apr 11, 2006
$2,500,000
Sai Ram INC
Hira,chetna
Warranty Deed
$1,884,375 · Quail Creek Bank
—
—
Akp Property LLC
—
Deed Of Trust
related
$43,500 · Quail Creek Bank
—
—
Akp Property LLC
—
Deed Of Trust
related
$30,450 · Quail Creek Bank
—
—
35 North Sheridan Road LLC
—
Deed Of Trust
related
$60,000 · Mehta Kishor N & J K Tr (pt)
—
—
35 North Sheridan Road LLC
—
Loan Modification
related
$200,350 · Mehta Kishor N & J K Tr (pt)
—
—
Akp Property LLC
—
Deed Of Trust
related
$1,323,500 · Quail Creek Bank
—
—
35 North Sheridan Road LLC
—
Loan Modification
related
$237,400 · Mehta K N & J K F/tr (pt)
—
—
Akp Property LLC
—
Deed Of Trust
related
$958,000 · Rural Enterprises
—
—
Akp Property LLC
—
Deed Of Trust
related
$1,246,628 · Quail Creek 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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