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    4530 Skelly Dr Tulsa, OK 74135-3225
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    Property profile & analytics

    4530 Skelly Dr Tulsa, OK 74135-3225

    View on Map
    • Motels
    • 54,460 SF
    • 2.18 lot acres
    Off-Market
    Property ID
    US69-0024638
    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
    $2,270,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Comfort Inn Midtown / Hotel & Motel
    • Shopnselle / Department Store

    Property Details for 4530 Skelly Dr

    Year built
    1994
    Construction
    WOOD FRAME
    Lot size
    2.18 lot acres
    Property size
    54,460 SF
    Zone code
    CS
    Property type
    Motels
    APN
    20150-93-28-01680
    APU
    20150932801680

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,275,000
      6.5%
      $2,100,000
      7%
      $1,950,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,368,000
      Market price range: $571k - $2.48M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9238
    Latitude
    36.0926
    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
    $47,289
    $78,551
    $273,696
    $352,247
    -
    $758,200
    $2,641,800
    $3,400,000

    Comparable in this City

    • Value Estimation
      $4,675,000
      68,306 SF

      5000 Skelly Dr

      HOTEL • 68,306 SF
      5000 Skelly Dr, Tulsa, OK 74135-7013
      View Details
    • Value Estimation
      $3,145,000
      34,019 SF

      4717 Yale Ave

      HOTEL • 34,019 SF
      4717 Yale Ave, Tulsa, OK 74135-7004
      View Details
    • Value Estimation
      $2,125,000
      79,543 SF

      4522 Skelly Dr

      HOTEL • 79,543 SF
      4522 Skelly Dr, Tulsa, OK 74135-3225
      View Details
    • Value Estimation
      $1,455,000
      55,704 SF

      6030 Skelly Dr

      HOTEL • 55,704 SF
      6030 Skelly Dr, Tulsa, OK 74135-6406
      View Details
    • Value Estimation
      $4,740,000
      135,498 SF

      5000 Skelly Dr

      HOTEL • 135,498 SF
      5000 Skelly Dr, Tulsa, OK 74135-7013
      View Details
    • Value Estimation
      $1,470,000
      49,176 SF

      4680 Skelly Dr

      HOTEL • 49,176 SF
      4680 Skelly Dr, Tulsa, OK 74135-3228
      View Details

    Similar Nearby for Sale

    • $151,000
      0.49 Acres

      Vacant Lot in Central Tulsa

      Ready-to-build lot near shopping, dining, and schools.
      5427 E 32Nd Pl, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,795 SF

      New Freddy’s Restaurant For Sale

      New Freddy’s restaurant with drive-thru, opening August 2025.
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    • $189,000
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      Tulsa Office Space For Sale

      480 SF office space in high-traffic Tulsa location.
      5912 E 31St St, Tulsa, OK 74135
      View Details
    • Contact for pricing

      Midtown Tulsa Multifamily Investment Opportunity

      Value-add multifamily property in Tulsa's vibrant Midtown submarket.
      4747 S Darlington Ave, Tulsa, OK 74135
      View Details
    • $2,600,000
      5,340 SF

      Class A Midtown Medical Building

      Contemporary medical building in central Tulsa's Harvard Medical corridor.
      3311 E 46Th St, Tulsa, OK 74135
      View Details
    • $500,000
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      Tulsa Commercial Building For Sale

      Multi-use building near 31st and Sheridan in Tulsa, Oklahoma.
      3227 S Lakewood Ave, Tulsa, OK 74135
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    Similar Nearby for Lease

    • Contact for pricing

      Office Suites with Expressway Access

      Office suites available with convenient access to nearby amenities.
      4815 S Harvard Ave, Tulsa, OK 74135
      View Details
    • Contact for pricing

      Tulsa Office Space For Rent

      Office space available for lease in Tulsa, Oklahoma.
      5350 E 46Th St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      31,460 SF

      High Profile Retail Box Available

      Retail space available in a high-traffic Tulsa location.
      5130 S Harvard Ave, Tulsa, OK 74135
      View Details
    • Contact for pricing
      4,409 SF

      Retail Space Near Midtown Tulsa

      Retail space in central Tulsa with high traffic visibility.
      5326-5354 E Skelly Dr, Tulsa, OK 74135
      View Details
    • Contact for pricing
      20,880 SF

      Retail Space in Central Tulsa

      Retail space available in central Tulsa with high traffic.
      5356-5636 E Skelly Dr, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Harvard Avenue

      Retail space with high visibility near Sprouts and CVS.
      4117 S Harvard Ave, Tulsa, OK 74135
      View Details
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    4530 Skelly Dr
    Tulsa, OK 74135-3225
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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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