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Property profile & analytics
FOR LEASE
Commercial real estate
615 North Hudson Ave Oklahoma City, OK 73102
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US69-0664391
For Lease
1 / 2
$16 SF/Yr
615 North Hudson Ave, Oklahoma City, OK 73102
View Listing →
Property summary
AI-generated overview
This exceptional three-story, Class B office building, totaling 31,215 square feet, is situated on a 0.24-acre lot at the hard corner of NW 6th Street and N Hudson Avenue in the heart of Oklahoma City's Downtown Business Improvement District. Built in 2001, the property boasts a desirable 8.20% cap rate and is currently 100% leased under a NNN lease structure with multiple tenants. The asking price is $5,000,000, translating to $160.18 per square foot. The building is zoned DBD and offers convenient access to numerous federal buildings, the Oklahoma City National Memorial & Museum, Paycom Center, diverse restaurants, multi-family residences, and public transportation. This income-producing asset presents a compelling investment opportunity within a thriving urban core, further enhanced by its designation as a Federal Opportunity Zone. The single building comprises three stories of traditional office space, providing a stable and attractive investment profile for discerning buyers. The property's prime location and strong occupancy rate make it an ideal addition to any commercial real estate portfolio.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Construction
STEEL FRAME
Total area
31,215 SF
Lot
0.24 ac (10,498 SF)
APN
01-001-9368
UPID
US69-0664391
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
-
Burns & McDonnell Consultant Environmental Consultant
-
GDH Consulting Employment Agency
-
WSB Engineering Consultant Surveyor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$3.25M
Owner & transaction history
M2p LLC · 15 yrs held
M2p LLC
since 2011
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.9M
+10.4%
Auto repair, garage
$4.6M
+5.1%
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 Oklahoma City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oklahoma City 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,415,000
Current use
MEDICAL BUILDING
$4,875,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,640,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$4,005,000
Change: -9% · Conversion: Easy
RETAIL STORES
$3,855,000
Change: -13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,540,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.25M
Range $2.92M – $3.57M · ±10%
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
$104 / 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
$39,807
Tax year 2023
Assessed value
$324,109
Assessed 2023
Previous assessed
$324,109
+0.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$19,635
Assessed improvement
$304,474
Land market value
$178,500
Improvement market value
$2,767,950
Total market value
$2,946,450
Applied tax rate
200.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Units
5
Total area
31,215 SF
Lot
0.24 ac (10,498 SF)
APN
01-001-9368
UPID
US69-0664391
Jurisdiction
OKLAHOMA
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
COMMERCIAL (GENERAL) Current
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
5
Lot
0.24 ac
Current owner
From public records · entity-resolved
M2p LLC
Entity
Mailing address
615 N HUDSON AVE, OKLAHOMA CITY, OK 73102-3084
Ownership since
2011
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
Sep 19, 2019
—
M2p LLC
—
Deed
related
$3,034,500 · Arvest Mtg
Jul 28, 2011
—
M2p LLC
—
Deed Of Trust
related
$1,301,250 · Arvest Bank
May 16, 2011
$1,545,000
M2p LLC
712 N Broadway LLC
Warranty Deed
—
—
—
M2p LLC
—
Deed Of Trust
related
$3,034,500 · Arvest Mtg
—
—
M2p LLC
—
Deed Of Trust
related
$955,978 · Arvest Mtg
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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