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Property profile & analytics
FOR SALE
Hotels
930 Ed Noble Dr Norman, OK 73072
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0495011
For Sale
1 / 40
$7,500,000
930 Ed Noble Dr, Norman, OK 73072
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Construction
WOOD FRAME
Total area
62,256 SF
Lot
2.86 ac (124,582 SF)
APN
NC29NRMC2 1 1001
UPID
US69-0495011
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
-
La Quinta Inn & Suites by Wyndham Oklahoma City Norman Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.30M
CAP Approach
CAP
$4.64M
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$6.30M
Owner & transaction history
Shree Ram LLC · 1 yrs held
Shree Ram LLC
since 2024
Last sale
$6.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.0M
+95.6%
Commercial (general)
$8.2M
+58.9%
Office building
$7.1M
+37.6%
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 Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman 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
$6,300,000
ML approach
$6,300,000
CAP Approach
CAP Return
Estimation
6%
$5,025,000
6.5%
$4,640,000
7%
$4,310,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,130,000
Current use
RETAIL STORES
$10,035,000
Change: +96% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,155,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$7,065,000
Change: +38% · Conversion: Difficult
RESTAURANT
$5,970,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$5,765,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,255,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$6.30M
Range $5.67M – $6.93M · ±10% · vs last sale $6.30M (Oct 10 2024)
Last sale anchor
$6.30M
Oct 10 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
$101 / 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
$57,638
Tax year 2023
Assessed value
$480,000
Assessed 2023
Previous assessed
$480,000
+0.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$104,975
Assessed improvement
$375,025
Land market value
$874,797
Improvement market value
$3,125,203
Total market value
$4,000,000
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
For Sale
Year built
1997
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
117
Rooms
17
Bathrooms
120
Total area
62,256 SF
Lot
2.86 ac (124,582 SF)
APN
NC29NRMC2 1 1001
UPID
US69-0495011
Jurisdiction
CLEVELAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.1M
RETAIL STORES
Est. value
$10.0M
COMMERCIAL (GENERAL)
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.1M
RESTAURANT
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.3M
HOTEL/MOTEL Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1997
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
117
Rooms
17
Bathrooms
120
Lot
2.86 ac
Current owner
From public records · entity-resolved
Shree Ram LLC
Entity
Mailing address
11562 E SUMMERFIELD RD, FRISCO, TX 75035-1874
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
$6,300,000
Shree Ram LLC
Cavalier Lt Aggregate LP
Special Warranty Deed
$4,343,000 · Great Oaks Bank
Mar 14, 2022
—
Cavalier Lt Aggregate LP
Cplg Properties LLC
Special Warranty Deed
$104,020,000 · Bank Of Montreal
Nov 9, 2006
—
Bre Of Lq Properties LLC
—
Loan Modification
related
$185,000,000 · Bank Of America
Apr 5, 2006
—
Bre Of Lq Properties LLC
Laquinta Properties INC
Grant Deed
$2,075,000,000 · * Other Institutional Lenders
—
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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