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    Oklahoma City Multi-Family Investment Title is generated by Realmo AI

    5512 Shiloh Drive, Oklahoma City, OK 73179

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    Claim this Listing
    For Sale
    $349,000

    MULTI_FAMILY - Oklahoma City, OK

    Property size:
    2,210 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $157/SF
    Added:
    Feb 10, 2026
    Days on Market:
    96
    Last Refresh:
    May 17 at 12:06 am

    Property Features for 5512 Shiloh Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    5512NONEShiloh73179
    Size
    2,210 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2018
    Building materials
    Brick & Frame, Masonry Vaneer

    We can help!

    Listing Contact
    Steve Wittrock
    Steve Wittrock

    Listing agent Steve Wittrock

    Listing office Metro First Realty 3232 W Britton Rd Ste 277, Oklahoma City, OK

    Listing date Feb 10, 2026

    MLS# 1213670

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key investor package: Two newer construction homes sold together.
    • Combined annual rent of $59,400 (leased through May 2027).
    • Both homes located in Mustang School District.
    • Each home features 4 bedrooms and 2 bathrooms.
    • Each home has a 3‑car garage.
    • Homes built in 2018 and 2019, indicating newer construction.

    Overview

    This listing features a turn-key investor package consisting of two newer construction homes, being sold together. The combined annual rent is $59,400, with leases extending through May 2027. One property, located at 5512 Shiloh Dr, is a 2018 build featuring 4 bedrooms, 2 bathrooms, and a 3-car garage, with approximately 2,200 square feet of living space. It is located within the Mustang school district. The other property, located at 1313 N Beale Ter, was built in 2019 and includes 4 bedrooms, 2 bathrooms, and a 3-car garage, offering approximately 1,800 square feet of living space. This property is also located in the Mustang school district. Both homes are well-maintained and situated in desirable additions, presenting a strong income-producing opportunity. The properties are ideal for investors seeking a stable, low-maintenance rental portfolio and are not being sold individually. The lot size is 0.1722 acres.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $207.4K
    NOI $18,667 @ 9.00% cap · cautious / downside scenario
    Moderate
    $266.7K
    NOI $18,667 @ 7.00% cap · market / base-case scenario
    Aggressive
    $373.3K
    NOI $18,667 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $35.8k $16.20
    − Vacancy −$1.9k −$0.84
    EGI $33.9k $15.36
    − OpEx −$15.3k −$6.91
    NOI $18.7k $8.45
    2,210 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $266.7K
    $233.3K – $311.1K (±1% cap)
    NOI $18,667 @ 7.0% cap · market cap 5.35%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $755.8K
    $661.3K – $881.8K (±1% cap)
    NOI $52,907 @ 7.0% cap · market cap 15.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.662989
    Latitude
    35.410413

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    FAQs

    What type of property is this?
    Single family property - Turn-key investor package featuring two newer construction homes.
    Where is this single family property located?
    The property is located at 5512 Shiloh Drive Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Turn‑key investor package: Two newer construction homes sold together.; Combined annual rent of $59,400 (leased through May 2027).; Both homes located in Mustang School District.
    (405) 641-4930
    We can help!
    Listing Contact
    Steve Wittrock
    Steve Wittrock
    Learn More
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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.

    More about this property
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    5512 Shiloh Drive, Oklahoma City, OK 73179
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