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    7037 Zurich Ave Tulsa, OK 74136-3336
    Property profile & analytics

    7037 Zurich Ave, Tulsa, OK 74136-3336

    View on Map
    • Hotels
    • 75,792 SF
    • 2.15 lot acres
    Off-Market
    Last Sale Oct 20, 2023
    $9,550,000
    Property ID
    US69-0315129
    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
    $9,325,000
    Show details
    Cap Rate Potential
    3.9%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Tulsa South Medical Hotel & Suites / Hotel & Motel
    • Hyad Park Hotel / Hotel & Motel

    Property Details for 7037 Zurich Ave

    Year built
    1997
    Construction
    WOOD FRAME
    Lot size
    2.15 lot acres
    Zone code
    OM
    Property type
    Hotels
    APN
    06055-83-03-19430
    APU
    6055830319430

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 20, 2023 $9,550,000 Sunny Hotels LLC Hot Hospitality LLC Special Warranty Deed $12.8M · Interbank
    Feb 28, 2023 — Hpt Hospitality LLC — Deed · related $2.4M · Firstar Bank NA
    Feb 22, 2023 — Hpt Hospitality LLC — Deed · related $2.4M · Firstar Bank NA
    Nov 21, 2018 — Hpt Hospitality LLC — Deed · related $5.8M · Firstar Bk
    Aug 2, 2018 — Hpt Hospitality LLC — Deed · related $5.5M · Firstar Bk
    Aug 1, 2018 — Hpt Hospitality LLC — Deed · related $403k · Firstar Bk
    Sep 11, 2017 — Hpt Hospitality LLC — Trustees Deed · related $403k · Firstar Bk
    Jul 2, 2013 $8,400,000 Hpt Hospitality LLC Burning Hills Hotel LLC Grant Deed $6.4M · Firstar Bank
    Oct 31, 2006 $7,500,000 Burning Hills Hotel LLC Hyde Park Hotels INC Grant Deed —
    — — Hpt Hospitality LLC — Loan Modification · related $5.8M · Firstar Bk
    — — Hpt Hospitality LLC — Loan Modification · related $403k · Firstar Bk
    — — Hpt Hospitality LLC — Loan Modification · related $5.5M · Firstar Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,520,000
      ML approach
      $8,685,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,120,000
      6.5%
      $5,650,000
      7%
      $5,245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,116,000
      Market price range: $3.57M - $9.28M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $7,000,000
      Current use
      MEDICAL BUILDING
      $13,015,000
      Change: +86% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $10,390,000
      Change: +48% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $10,295,000
      Change: +47% Conversion: Difficult
      RETAIL STORES
      $8,245,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $8,180,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9195
    Latitude
    36.062
    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
    $57,424
    $53,515
    $374,222
    $427,737
    -
    $563,000
    $3,937,000
    $4,500,000

    Comparable in this City

    • Value Estimation
      $11,275,000
      262,526 SF

      6110 Yale Ave

      HOTEL
      6110 Yale Ave, Tulsa, OK 74136-1908
      View Details
    • Value Estimation
      $14,100,000
      167,582 SF

      7902 Lewis Ave

      HOTEL
      7902 Lewis Ave, Tulsa, OK 74136-8600
      View Details
    • Value Estimation
      $12,505,000
      308,905 SF

      1902 71st St

      HOTEL
      1902 71st St, Tulsa, OK 74136-5415
      View Details
    • Value Estimation by Request
      0.53 Acres

      6632 Peoria Ave

      VACANT COMMERCIAL LAND
      6632 Peoria Ave, Tulsa, OK 74136-3624
      View Details
    • Value Estimation by Request
      0.13 Acres

      6442 Lewis Ave

      VACANT COMMERCIAL LAND
      6442 Lewis Ave, Tulsa, OK 74136-1007
      View Details
    • Value Estimation by Request
      2.56 Acres

      5707 71st St

      VACANT COMMERCIAL LAND
      5707 71st St, Tulsa, OK 74136-6672
      View Details

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      6,404 SF

      Tulsa Office Building For Sale

      One-story office building featuring unique conference room and reception area.
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    Similar Nearby for Lease

    • $13 SF/Yr

      Bridgeport III Office Space Available

      Office spaces for lease in Bridgeport III building.
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      View Details
    • $14 SF/Yr
      4,925 SF

      South Tulsa Garden Office Building

      High-quality office space in a desirable South Tulsa location.
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      South Tulsa Office Space Available

      Office complex in a well-known Tulsa location for lease.
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      View Details
    • Contact for pricing
      1,500 SF

      Office Space in Strip Center

      1,500 SF office space for lease in Tulsa, OK.
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      23,598 SF

      Tulsa Office Space For Lease

      Office space available in Tulsa's nicest office park.
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    • Contact for pricing
      1,489 SF

      Retail Space on South Lewis

      Retail space with strong signage on South Lewis Avenue.
      6921-6975 S Lewis Ave, Tulsa, OK 74136
      View Details
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    Tulsa, OK 74136-3336
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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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