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    Tim Mckay

    License ID: 2024044439

    Contact details

    Phone:
    (405) 879-4768

    Performance

    Listings
    28

    Listings

    For Sale (28)

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      Farmington Multifamily Portfolio Opportunity

      Two multifamily properties in Farmington, Missouri, with value-add potential.
      601 Wallace Rd, Farmington, MO 63640
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      Value-Add Multifamily Portfolio in St. Louis

      Two-asset, 163-unit multifamily portfolio with value-add opportunity in St. Louis.
      1135 Hodiamont Ave St, Louis, MO 63112
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      Santa Fe Village Multifamily Opportunity

      Value-add multifamily investment in Kansas City with assumable low-interest debt.
      8517 Holmes Rd, Kansas City, MO 64131
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      New Multifamily Complex in Nixa

      New 95-unit multifamily complex with amenities in Nixa, Missouri.
      106 Greenbriar Dr, Nixa, MO 65714
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      Spacious Townhomes Near University

      45-unit townhome community near the University of Illinois.
      1801 West John St, Champaign, IL 61821
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      Farmington Multifamily Portfolio Opportunity

      Two multifamily properties in Farmington, Missouri, totaling 135 units.
      4826 Red Rooster Rd, Farmington, MO 63640
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      Value-Add Multifamily Portfolio in St. Louis

      Two-asset, 163-unit multifamily portfolio with value-add potential in St. Louis.
      819 Gustav Ave St, Louis, MO 63147
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      Value-Add Multifamily Complex in Ozark

      56-unit apartment complex with value-add potential in growing Ozark, Missouri.
      1780 South 15Th St, Ozark, MO 65721
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      152-Unit Multifamily Investment Opportunity

      152-unit apartment community near Gateway Commerce Center and major employers.
      101 Whitsell Way, Pontoon Beach, IL 62040
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      St. Louis Multifamily Investment Opportunity

      95-unit apartment community near BJC Medical Campus with upgrades.
      1600 Kingshighway Blvd St, Louis, MO 63113
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      Garden-Style Property Near Medical Center

      177-unit renovated property near INTEGRIS Baptist Medical Health Center.
      5560 North Portland Ave, Oklahoma City, OK 73112
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      North OKC Value-Add Portfolio

      955-unit portfolio in North Oklahoma City along premier retail corridor.
      2201 Northwest 122Nd St, Oklahoma City, OK 73120
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      Luxury Apartment Community in Tulsa

      428-unit Tulsa community with modern amenities and convenient location.
      7142 South 92Nd East Ave, Tulsa, OK 74133
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      North OKC Value-Add Portfolio

      955-unit multifamily portfolio in North Oklahoma City's premier retail corridor.
      1920 Heritage Park Dr, Oklahoma City, OK 73120
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      Luxury High-Rise Apartment Building

      Landmark Oklahoma City high-rise with modern amenities and skyline views.
      2200 North Classen Blvd, Oklahoma City, OK 73106
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      Historic Mixed-Use Eaton Place

      Mixed-use property in downtown Wichita near entertainment and biomedical campus.
      517 East Douglas Ave, Wichita, KS 67202
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      Renovated Apartment Building in Kansas City

      Extensively renovated 29-unit apartment building in ideal Southmoreland location.
      4231-4239 Walnut St, Kansas City, MO 64111
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      Value-Add Potential on Oak Grove

      Property with value-add potential, community amenities, and strong location.
      3834 N Oak Grove Dr, Midwest City, OK 73110
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      Riverpark at Kensington Multifamily Community

      400-unit apartment community near Tulsa River with modern amenities.
      7803 South Wheeling Ave, Tulsa, OK 74136
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      Downtown Oklahoma City Mixed-Use Property

      Historic mixed-use property with luxury apartments, shops, and offices.
      500 West Main St, Oklahoma City, OK 73102
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      165-Unit Multifamily Community

      165-unit community with a mix of one- and two-bedroom floorplans.
      3041 Northwest 41St St, Oklahoma City, OK 73112
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      Value-Add Multifamily Investment Opportunity

      Multifamily property near Tinker Air Force Base and Rose State College.
      7801 Northeast 10Th St, Oklahoma City, OK 73110
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      201-Unit Multifamily Property in Oklahoma City

      Garden-style property with recent renovations and convenient location.
      717 Santa Rosa Dr, Oklahoma City, OK 73139
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      Garden-Style Community Near Fort Sill

      Garden-style community with value-add potential near major employers and amenities.
      120 Northwest 44Th St, Lawton, OK 73505
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      Luxury Apartments in Rogers, Arkansas

      392 Class A apartments with value-add potential in prime location.
      5900 West Stoney Brook Rd, Rogers, AR 72758
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      Upscale Apartments in South Tulsa

      285-unit Class A community with luxury amenities in Tulsa, Oklahoma.
      8601 South Mingo Rd, Tulsa, OK 74133
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      Luxury Apartments with Resort-Style Amenities

      New construction apartments with high occupancy and strong in-place operations.
      1913 East 44Th St, Joplin, MO 64804
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      Value-Add Multifamily Repositioning Opportunity

      Multifamily asset in Crestwood with value-add repositioning potential.
      9420 Mary Glen Dr, Crestwood, MO 63126
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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.

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