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Property profile & analytics
OFF-MARKET Estimated value $3,620,000
Motels

8039 33rd St Tulsa, OK 74145-1330

38,433 SF 1.21 ac lot Built 2002
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US69-0627590
Property summary
AI-generated overview

This fee-simple owned, 63-key Comfort Suites hotel, a Choice Hotels brand, is offered for sale at $4,100,000 ($65,079 per key). Built in 2002, this three-story, interior-corridor hotel sits on a 1.21-acre lot at 8039 E 33rd St S, Tulsa, OK 74145. Its prime location offers easy access from US Highway 64 and Interstate 44, placing it within close proximity to major employers like Saint Francis Health System, QuikTrip, and the American Airlines maintenance base at Tulsa International Airport (5.2 miles). The hotel also benefits from its proximity to the University of Tulsa (6.0 miles) and numerous attractions, including the Philbrook Museum of Art, Woody Guthrie Center, Tulsa Air and Space Museum & Planetarium, and the Oklahoma Aquarium. The hotel features an indoor heated pool with a whirlpool hot tub, breakfast area, fitness center, meeting space, laundry facility, gift shop and convenience store, and business center. The Tulsa South/Broken Arrow hotel submarket showed a 2.2% 12-month average RevPAR increase as of May, indicating positive market growth. This property presents a compelling investment opportunity in a thriving market with strong demand generators. The hotel's location near major transportation arteries and significant employment centers ensures consistent occupancy and revenue potential. The existing amenities provide a comfortable and convenient experience for guests, contributing to the hotel's overall appeal and profitability.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 2002
Construction WOOD FRAME
Total area 38,433 SF
Lot 1.21 ac (52,882 SF)
Zoning code IL
APN 99323-93-23-08940
UPID US69-0627590
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 Suites Central/I-44 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.69M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.56M
Blend (final) Blend
$3.62M
Owner & transaction history
R & I LLC · 2 yrs held
R & I LLC
since 2023
Last sale
$3.6M
7 recorded transactions
2023
$3.6M
2023
Price N/A
2019
Price N/A
2013
$3.5M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IL · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 district is primaril…

Zone name Industrial Light
General category INDUSTRIAL
Zone area 10,328.86 ac
Source code of ordinances
Top alternative use upside
Auto repair, garage $5.3M +48.4%
Commercial (general) $5.2M +47.1%
Office building $4.6M +28.2%
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