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    Property profile & analytics

    722 Broadway Ave Oklahoma City, OK 73102-6007

    • Commercial real estate
    • 31,596 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0460623
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Campbell & Co Advertising Agency / Advertising Agency
    • T R Legal Systems / Legal Services
    • Vinyl Siding Options for House Exteriors / Window Supplier
    • Bee Healthy Cafe (Automobile Alley) / Restaurant / Coffee Shop
    • Fisher Fine Portraits / Portrait Studio / Photographer

    Property Details for 722 Broadway Ave

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.16 lot acres
    Property size
    31,596 SF
    Property type
    Commercial real estate
    APN
    01-001-1816
    APU
    10011816

    Description

    The Magnolia Building, a stunning five-story, 31,596 square foot mixed-use building, presents a unique investment or owner-occupant opportunity in the heart of Oklahoma City's Automobile Alley. This Class B property, built in 1919 and listed on the National Register of Historic Places, offers flexible space options with a minimum divisible unit of 2,500 square feet and a maximum contiguous space of 6,250 square feet. The building features a versatile fifth-floor event space, ideal for various uses. Located in the Central Business District, within Oklahoma County, this property benefits from its prime location in TIF District #2 and an Opportunity Zone designation, potentially unlocking significant tax advantages, including available historic tax credits. The sale includes a paved lot. Enjoy high visibility and traffic in a vibrant area, just one mile from Paycom Arena, OU Health, the Convention Center, Devon Tower, and Scissortail Park. Conveniently situated on the streetcar route and near public transit, this property offers unparalleled access and connectivity. The 0.17-acre site is zoned CBD2.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $877,000
      Market price range: $878k - $2.90M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5138
    Latitude
    35.4748
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,993
    $3,453
    $159,327
    $162,780
    -
    $84,000
    $3,875,578
    $3,959,578

    Comparable in this City

    • Value Estimation
      $280,000
      0.16 Acres

      528 Reno Ave

      COMMERCIAL (GENERAL) • 0.16 Acres
      528 Reno Ave, Oklahoma City, OK 73102
      View Details
    • Value Estimation
      $255,000
      0.16 Acres

      Oklahoma City, OK 73102

      COMMERCIAL (GENERAL) • 0.16 Acres
      Oklahoma City, OK 73102
      View Details
    • Value Estimation
      $395,000
      16,688 SF

      715 Hudson Ave

      COMMERCIAL (GENERAL) • 16,688 SF
      715 Hudson Ave, Oklahoma City, OK 73102-2803
      View Details
    • Value Estimation
      $365,000
      13,500 SF

      416 8th St

      COMMERCIAL (GENERAL) • 13,500 SF
      416 8th St, Oklahoma City, OK 73102-2604
      View Details
    • Value Estimation
      $390,000
      14,000 SF

      504 Broadway Ave

      SHOW ROOM, WAREHOUSE • 14,000 SF
      504 Broadway Ave, Oklahoma City, OK 73102-6210
      View Details
    • Value Estimation
      $750,000
      693,183 SF

      499 Sheridan Ave

      COMMERCIAL (GENERAL) • 693,183 SF
      499 Sheridan Ave, Oklahoma City, OK 73102-5000
      View Details

    Similar Nearby for Sale

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      Oklahoma City Office Building For Sale/Lease

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    • $2,200,000
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    Similar Nearby for Lease

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    • Contact for pricing

      Commercial Land Ready For Lease

      0.47 acre commercial land for lease, zoned C3.
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      View Details
    • $21 SF/Yr
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      2,320 SF Midtown 2nd Generation Restaurant Space For Lease - 805 N. Hudson Avenue

      2,320 SF Midtown 2nd Generation Restaurant Space For Lease - 805 N. Hudson Avenue
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    • $27 SF/Yr
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      Premier Downtown Office Space Available

      Office space in Oklahoma City's Central Business District.
      211 N Robinson Ave, Oklahoma City, OK 73102
      View Details
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    722 Broadway Ave
    Oklahoma City, OK 73102-6007
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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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