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    Property profile & analytics

    706 Kerr Blvd Sallisaw, OK 74955-7219

    • Turn key restaurants
    • 1,956 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimation
    $455,000
    Last Sale
    Dec 01, 2022
    $475,000
    Location Intelligence
    Property ID
    US69-1319830
    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.

    Current Use by Public Records

    • The Blue Ribbon Inn / Motel

    Property Details for 706 Kerr Blvd

    Year built
    1986
    Lot size
    0.75 lot acres
    Property size
    1,956 SF
    Property type
    Turn key restaurants
    APN
    0000-06-011-024-0-097-00
    APU
    6011024009700

    Description

    This exceptional 83-key hotel, The Blue Ribbon Inn & Suites, presents a lucrative investment opportunity in Sallisaw, Oklahoma. Boasting 25,743 square feet across two two-story buildings on a 2-acre lot, this established property features 70 rentable rooms, each equipped with air conditioning, flat-screen TVs, refrigerators, microwaves, and coffee/tea makers. Amenities include indoor and outdoor pools, complimentary breakfast, and versatile meeting rooms, catering to a diverse clientele. Strategically located near major highways and directly across from a Cherokee Nation casino (lacking its own hotel), the property benefits from high visibility and convenient access. Further enhancing its appeal, the hotel is situated near the Sequoyah National Wildlife Refuge, attracting leisure travelers. The surrounding area is experiencing significant growth, fueled by a new VA housing facility and processing plant, promising increased occupancy rates and strong future returns. Built in 1984, this property offers immediate income generation and substantial upside potential for savvy investors seeking a foothold in a thriving Oklahoma market. The property's proximity to key attractions and the burgeoning local economy makes it an ideal investment for those seeking a strong return on investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $475,000

    • CAP approach

      CAP return
      Estimation
      6%
      $495,000
      6.5%
      $435,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $470,000
      Mixed-Use
      $355,000
      Hospitality
      $395,000
      Educational
      $360,000
      Residential Income
      $355,000
      Energy
      $445,000
      Income-Based Land
      $350,000
      Food Service
      $395,000

    Location Insight

    • Map
    • Local Demand
    City
    Sallisaw
    County
    Sequoyah
    State
    Oklahoma
    Longitude
    -94.8052
    Latitude
    35.4521
    CBSA code
    22900
    CBSA name
    FORT SMITH, AR-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
    $1,814
    $5,390
    $15,713
    $21,103
    -
    $48,999
    $142,847
    $191,846

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      118 Cherokee Ave

      RESTAURANT • 2,400 SF
      118 Cherokee Ave, Sallisaw, OK 74955-4622
      View Details
    • Value Estimation by Request
      2,624 SF

      220 Cherokee Ave

      RESTAURANT • 2,624 SF
      220 Cherokee Ave, Sallisaw, OK 74955-4600
      View Details
    • Value Estimation
      $155,000
      960 SF

      702 Cherokee Ave

      RESTAURANT • 960 SF
      702 Cherokee Ave, Sallisaw, OK 74955-4846
      View Details
    • Value Estimation by Request
      1,000 SF

      Sallisaw, OK 74955

      RESTAURANT • 1,000 SF
      Sallisaw, OK 74955
      View Details
    • Value Estimation
      $430,000
      2,560 SF

      Sallisaw, OK 74955

      RESTAURANT • 2,560 SF
      Sallisaw, OK 74955
      View Details
    • Value Estimation
      $590,000
      1,740 SF

      Sallisaw, OK 74955

      RESTAURANT • 1,740 SF
      Sallisaw, OK 74955
      View Details

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    Similar Nearby for Lease

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    706 Kerr Blvd
    Sallisaw, OK 74955-7219
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    Realmo Value Estimation

    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.

    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.

    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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