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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Hotels
600 Mcelroy Rd Stillwater, OK 74075-7415
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0871927
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1982
Total area
74,808 SF
Lot
4.31 ac (187,744 SF)
APN
600011702
UPID
US69-0871927
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
-
Wyndham Garden Stillwater Hotel & Motel
-
LibertyX Bitcoin ATM Atm
-
WW Studio @ Wyndham Garden Stillwater Weight Loss Service Wellness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$3.55M
Owner & transaction history
R & S Hotel LLC · 15 yrs held
R & S Hotel LLC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.7M
+19.8%
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 Stillwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stillwater 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,740,000
Current use
RETAIL STORES
$5,680,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±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
$47 / 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
$42,621
Tax year 2023
Assessed value
$420,033
Assessed 2023
Previous assessed
$425,591
-1.3% YoY
Effective rate
10.15%
On assessed value
Assessed land
$378,400
Assessed improvement
$41,633
Land market value
$3,319,300
Improvement market value
$365,200
Total market value
$3,684,500
Applied tax rate
16.0000
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
1982
Heating
NONE
Cooling
AC.PACKAGE
Stories
12
Total area
74,808 SF
Lot
4.31 ac (187,744 SF)
APN
600011702
UPID
US69-0871927
Jurisdiction
PAYNE
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
$4.7M
RETAIL STORES
Est. value
$5.7M
HOTEL/MOTEL Current
RETAIL STORES
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
1982
Heating
NONE
Cooling
Yes
Stories
12
Lot
4.31 ac
Current owner
From public records · entity-resolved
R & S Hotel LLC
Entity
Mailing address
3048 N GRAND BLVD, OKLAHOMA CITY, OK 73107-1818
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Sunny Hotels LLC
—
Deed
related
$3,080,000 · Interbank
Feb 11, 2011
$1,700,000
R & S Hotel LLC
Zions First Natl Bk
Grant Deed
$2,380,000 · Interbank Fsb
Dec 16, 2010
$2,000,001
Zions First Natl Bk
Sheriff Of Payne County
Trustees Deed
related
—
Aug 13, 2009
—
Khan Hospitality INC
Khan Hospitality INC
Quit Claim Deed
related
—
—
—
Khan Hospitality INC
—
Deed Of Trust
related
$788,000 · Metro Area Development Corp
—
—
Milan INC
—
Deed Of Trust
related
$3,017,821 · Quail Creek Bank
—
—
R & S Hotel LLC
—
Loan Modification
related
$3,430,000 · Interbank Fsb
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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