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    Property profile & analytics

    7551 Owasso Expy Owasso, OK 74055-3624

    • Hotels
    • 33,675 SF
    • 1.44 lot acres
    OFF-MARKET
    Last Sale
    Apr 16, 2024
    $3,038,500
    Value Estimations
    $3,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2350671
    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

    • Comfort Inn Owasso - Tulsa / Hotel & Motel
    • WW Studio @ Comfort Inn Owasso Tulsa / Weight Loss Service / Wellness Center

    Property Details for 7551 Owasso Expy

    Year built
    2000
    Construction
    WOOD FRAME
    Lot size
    1.44 lot acres
    Property size
    33,675 SF
    Zone code
    CH
    Property type
    Hotels
    APN
    61095-14-32-62290
    APU
    61095143262290

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,400,000
      6.5%
      $3,140,000
      7%
      $2,915,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,702,000
      Market price range: $1.72M - $4.12M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Owasso
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8466
    Latitude
    36.2626
    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
    $28,487
    $38,500
    $222,200
    $260,700
    -
    $350,000
    $2,020,000
    $2,370,000

    Comparable in this City

    • Value Estimation
      $11,500,000
      54,123 SF

      8882 Garnett Rd

      HOTEL • 54,123 SF
      8882 Garnett Rd, Owasso, OK 74055-4602
      View Details
    • Value Estimation
      $2,555,000
      43,534 SF

      8949 Garnett Rd

      HOTEL • 43,534 SF
      8949 Garnett Rd, Owasso, OK 74055-4603
      View Details
    • Value Estimation
      $3,100,000
      48,614 SF

      9321 Owasso Expy

      HOTEL • 48,614 SF
      9321 Owasso Expy, Owasso, OK 74055-5454
      View Details
    • Value Estimation
      $3,810,000
      66,474 SF

      9009 121st E Ave

      HOTEL • 66,474 SF
      9009 121st E Ave, Owasso, OK 74055-5301
      View Details
    • Value Estimation
      $1,700,000
      26,000 SF

      11604 76th N St

      MOTEL • 26,000 SF
      11604 76th N St, Owasso, OK 74055-3636
      View Details
    • Value Estimation
      $2,815,000
      45,050 SF

      11699 96th N St

      MOTEL • 45,050 SF
      11699 96th N St, Owasso, OK 74055-5446
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,960 SF

      Owasso Retail Center in Redbud

      Class A retail asset anchoring Owasso's downtown Redbud District.
      201 S Main St, Owasso, OK 74055
      View Details
    • $980,100

      Highway Exposure Commercial Land

      Commercial land with direct highway exposure in growing residential area.
      E 116Th St N, Owasso, OK 74055
      View Details
    • $1,295,000
      4.20 Acres

      Prime Commercial Land Opportunity

      4.2 acres on hard corner in Owasso, OK.
      10524 N 129 Ave E, Owasso, OK 74055
      View Details
    • $450,000
      1.47 Acres

      Residential Land in Gated Community

      1.47 acre lot in The Bluffs IV at Stone Canyon.
      5827 N Eagle Rd, Owasso, OK 74055
      View Details
    • $75,900
      0.50 Acres

      Residential Lot in Owasso, OK

      0.5 acre building lot in a rural Owasso setting.
      104Th St North, Owasso, OK 74055
      View Details
    • $1,499,000
      5.02 Acres

      Prime Commercial Land in Owasso

      Commercial real estate with high-traffic frontage and development potential.
      10010 N Garnett Rd, Owasso, OK 74055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      Retail Space in Owasso

      Retail strip center at a busy Owasso intersection.
      8787 N Owasso Expy, Owasso, OK 74055
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Owasso

      Retail space available for lease in Owasso, Oklahoma.
      9031 N 121St East Ave, Owasso, OK 74055
      View Details
    • $15 SF/Yr
      64,800 SF

      5th Avenue Business Park Warehouses

      Owasso, OK industrial warehouse space for lease.
      0 5Th St, Owasso, OK 74055
      View Details
    • Contact for pricing
      9,646 SF

      Owasso Retail Space Available

      Prime Owasso retail space, multiple suites available.
      0 N &, Owasso, OK 74055
      View Details
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    7551 Owasso Expy
    Owasso, OK 74055-3624
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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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