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Property profile & analytics
OFF-MARKET Estimated value $1,380,000
Hotels

707 Houston Ave Tulsa, OK 74127-9013

50,760 SF 0.78 ac lot Built 1966
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US69-0773586
Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1966
Construction CONCRETE
Total area 50,760 SF
Lot 0.78 ac (33,890 SF)
Zoning code CBD
APN 23325-92-11-02260
UPID US69-0773586
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
  • Girls trip Hotel & Motel
  • La Quinta Inn & Suites by Wyndham Tulsa Downtown/Route 66 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.50M
Blend (final) Blend
$1.38M
Owner & transaction history
Hitech Hospitality LLC · 7 yrs held
Hitech Hospitality LLC
since 2019
7 recorded transactions
2019
$5.6M
2018
Price N/A
2014
Price N/A
2013
Price N/A
2012
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CBD · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CBD Central Business IL Industrial-Light IM Industrial-Moderate IH Industrial-Heavy Most intensive O, C or I district B. Purposes. 1. General. Office, commercial and industrial zoning districts are intended to accommodate and promote neighborhood, community- and region-serving commercial uses, as well as industrial and employment uses. 2. OL district. The OL…

Zone name Central Business District
General category COMMERCIAL
Zone area 744.02 ac
Source code of ordinances
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