5200 Classen CirOklahoma City, OK 73118

Property Details for 5200 Classen Cir

Year built

2006

Construction

WOOD FRAME

Lot size

0.96 AC

Property size (Sq ft)

32,758 SF

Property type

Hotels

APN

05-885-7350

APU

58857350

Description

This exceptional investment opportunity presents a 55-key, four-story interior corridor hotel in Northwest Oklahoma City, Oklahoma. Currently operating as a Sleep Inn & Suites, this property, built in 2006, sits on a 0.96-acre lot (APN: 05-885-7350) and offers significant upside potential through conversion to either Garner by IHG or Spark by Hilton. The hotel boasts an indoor pool and is strategically located near major attractions, including the Oklahoma City Zoo and National Memorial Museum, as well as business hubs and healthcare facilities. With an occupancy rate currently below market average (35% compared to a 49% comp set), this property presents a compelling opportunity for an owner seeking high returns. Oklahoma City's robust growth (12.5% over the past 10 years) and its ranking as a top city for low cost of living further enhance the investment appeal. The asking price is $3,000,000. This property is ideally suited for conversion to a midscale or premium economy brand, offering a strong value proposition for investors. Detailed conversion requirements are available upon request. The property's address is 5200 Classen Cir, Oklahoma City, OK 73118. Offers are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $5,641,206

  6.5%

  $5,207,267

  7%

  $4,835,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,262,390

  Geo Method

  $9,262,390

• Alternative Use

  Use

  Valuation

  Residential

  $5,684,822

  Hospitality

  $5,207,267

  Educational

  $4,332,385

  Medical

  $4,481,382

  Retail

  $6,739,266

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.5233

Longitude

-97.5317

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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