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Property profile & analytics
OFF-MARKET
Estimated value
$480,000
Hotels
7551 Owasso Expy Owasso, OK 74055-3624
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US69-2350671
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
WOOD FRAME
Total area
33,675 SF
Lot
1.44 ac (62,552 SF)
Zoning code
CH
APN
61095-14-32-62290
UPID
US69-2350671
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
-
Comfort Inn Owasso - Tulsa Hotel & Motel
-
WW Studio @ Comfort Inn Owasso Tulsa Weight Loss Service Wellness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
$3.70M
Blend (final)
Blend
$480k
Owner & transaction history
Rise Hospitality LLC · 2 yrs held
Rise Hospitality LLC
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
CH · Owasso, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CH Commercial High Intensity (Legacy) IL Industrial Light, Research and Development IM Industrial Moderate IH Industrial Heavy (Legacy) Most Intense District DM Downtown Mixed PF Public Facilities (PF and DM Districts excluded from scale) The Residential Mobile Home Park (RMH), Commercial General (CG), Commercial High Intensity (CH), and Industrial Heavy (IH…
Zone name
Commercial Heavy
General category
COMMERCIAL
Zone area
7.51 ac
Source
Owasso Zoning Code PDF
Top alternative use upside
Commercial (general)
$5.2M
+59.2%
Office building
$3.9M
+20.8%
Retail stores
$3.7M
+13.0%
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 Owasso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owasso 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%
$3,400,000
6.5%
$3,140,000
7%
$2,915,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,245,000
Current use
COMMERCIAL (GENERAL)
$5,165,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$3,920,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$3,665,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$480k
Range $432k – $528k · ±10% · vs last sale $3.04M (Apr 16 2024)
Last sale anchor
$3.04M
Apr 16 2024
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
$14 / 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
$28,487
Tax year 2023
Assessed value
$260,700
Assessed 2023
Previous assessed
$256,814
+1.5% YoY
Effective rate
10.93%
On assessed value
Assessed land
$38,500
Assessed improvement
$222,200
Land market value
$350,000
Improvement market value
$2,020,000
Total market value
$2,370,000
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
2000
Construction
WOOD FRAME
Heating
ZONE
Cooling
YES
Stories
3
Units
60
Total area
33,675 SF
Lot
1.44 ac (62,552 SF)
Zoning code
CH
APN
61095-14-32-62290
UPID
US69-2350671
Jurisdiction
TULSA
Zoning & alternative use
CH · Owasso, OKZoning CH · permitted uses
CH · Owasso, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CH Commercial High Intensity (Legacy) IL Industrial Light, Research and Development IM Industrial Moderate IH Industrial Heavy (Legacy) Most Intense District DM Downtown Mixed PF Public Facilities (PF and DM Districts excluded from scale) The Residential Mobile Home Park (RMH), Commercial General (CG), Commercial High Intensity (CH), and Industrial Heavy (IH) zoning dis tricts are carried forward from the previous version of this Code and are hereby considered “legacy” districts. All existing lots and uses within these legacy districts are considered legal and conforming, provided that they conform to the applicable regulations of the prior version of this Code. New developments within a legacy zoning district must adhere to all applicable regulations of this Code. No property may be zoned or rezoned into a legacy zoning district after the date of adoption of this Code. For other previously existing zoning districts that are no longer d escribed in this Code, refer to the zoning district that most closely matches the district in question. The Community Development Director or their designee shall make a determination.
Zone name
Commercial Heavy
General category
COMMERCIAL
Zone area
7.51 ac
Source
Owasso Zoning Code PDF
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$5.2M
OFFICE BUILDING
Est. value
$3.9M
RETAIL STORES
Est. value
$3.7M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2000
Construction
WOOD FRAME
Heating
ZONE
Cooling
Yes
Stories
3
Units
60
Lot
1.44 ac
Current owner
From public records · entity-resolved
Rise Hospitality LLC
Entity
Mailing address
7551 N OWASSO EXPY, OWASSO, OK 74055-3624
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
$3,038,500
Rise Hospitality LLC
Pari LLC
Warranty Deed
$2,345,000 · Grand Bank
Jul 5, 2022
—
Pari LLC
—
Deed
related
$150,000 · First Pryority Bank
Nov 19, 2019
—
Pari LLC
—
Deed
related
$200,000 · Peoples Bk
Feb 1, 2019
—
Pari LLC
—
Deed
related
$101,565 · First Pryority Bank
Sep 4, 2018
—
Pari LLC
—
Deed
related
$830,000 · Peoples Bk
Feb 12, 2018
—
Pari LLC
—
Trustees Deed
related
$121,281 · First Pryority Bk
Jun 21, 2016
—
Pari LLC
—
Deed
related
$3,330,000 · Peoples Bank & Trust Co
Jun 8, 2006
$3,975,000
Emerald Hospitality INC
Leisure Hospitality INC
Warranty Deed
$2,940,000 · Merrill Lynch Mortgage Lending INC
—
—
Pari LLC
—
Deed Of Trust
related
$200,000 · Peoples Bk
—
—
Pari LLC
—
Deed Of Trust
related
$830,000 · Peoples Bk
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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