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Property profile & analytics
OFF-MARKET
Estimated value
$14,100,000
Hotels
7902 Lewis Ave Tulsa, OK 74136-8600
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-0592504
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1982
Construction
STEEL FRAME
Total area
167,582 SF
Lot
3.31 ac (144,053 SF)
Zoning code
CO
APN
70545-83-07-08460
UPID
US69-0592504
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
-
Radisson Hotel Tulsa - Southern Hills/University Hotel & Motel
-
Insurance Professionals of Tulsa Insurance Agency
-
Tulsa Vitality Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.10M
Owner & transaction history
Memorial Real Estate Investments Ll · 3 yrs held
Memorial Real Estate Investments Ll
since 2023
Last sale
$18.0M
7 recorded transactions
Zoning & alternative use
CO · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$23.0M
+48.4%
Commercial (general)
$22.8M
+47.1%
Retail stores
$18.2M
+17.7%
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 Tulsa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulsa 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
$14,085,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,530,000
6.5%
$12,490,000
7%
$11,600,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$15,480,000
Current use
AUTO REPAIR, GARAGE
$22,970,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,770,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$18,225,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$18,080,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$14.10M
Range $12.69M – $15.51M · ±10% · vs last sale $18.00M (Jun 18 2021)
Last sale anchor
$18.00M
Jun 18 2021
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
$84 / 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
$265,897
Tax year 2023
Assessed value
$1,926,650
Assessed 2023
Previous assessed
$1,926,650
+0.0% YoY
Effective rate
13.80%
On assessed value
Assessed land
$95,084
Assessed improvement
$1,831,566
Land market value
$864,400
Improvement market value
$16,650,600
Total market value
$17,515,000
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
1982
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
12
Units
286
Total area
167,582 SF
Lot
3.31 ac (144,053 SF)
Zoning code
CO
APN
70545-83-07-08460
UPID
US69-0592504
Jurisdiction
TULSA
Zoning & alternative use
CO · Tulsa, OK
Zoning CO · permitted uses
CO · Tulsa, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulsa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$15.5M
AUTO REPAIR, GARAGE
Est. value
$23.0M
COMMERCIAL (GENERAL)
Est. value
$22.8M
RETAIL STORES
Est. value
$18.2M
OFFICE BUILDING
Est. value
$18.1M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1982
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
12
Units
286
Lot
3.31 ac
Current owner
From public records · entity-resolved
Memorial Real Estate Investments Ll
Entity
Mailing address
555 E LOOCKERMAN ST STE #120, DOVER, DE 19901-3779
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2025
—
Lw Tulsa I LLC
—
Deed
related
$15,518,760 · Construction Loan Services LLC
Jan 19, 2023
—
Memorial Real Estate Investments Ll
Meemorial Reale Estate Investments
Quitclaim Deed
related
$28,954,777 · Construction Loan Services LLC
Oct 13, 2021
—
Lwtulsa I LLC
—
Deed
related
$21,285,428 · Construction Loan Services II LLC
Jul 9, 2021
—
Lw Tulsa I LLC
—
Deed
related
$162,200,000 · Blue Torch Finance LLC
Jun 18, 2021
$18,000,000
Lw Tulsa 1 LLC
Tulsa Lewis Hotel Venture LLC
Special Warranty Deed
—
Mar 12, 2015
$8,500,000
Tulsa Lewis Hotel Venture LLC
Lewis Ave Hotels LLC
Grant Deed
—
May 5, 2014
—
State Bk Of Tx
Sheriff Of Tulsa County
Trustees Deed
related
—
Nov 4, 2005
$6,000,000
Brisam Tulsa LLC
Renthotel Tulsa LLC
Special Warranty Deed
$5,000,000 · State Bank Of Texas
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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