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    4400 44Th St Oklahoma City, OK 73119

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    For Sale
    Contact for pricing

    High-yield, multi-tenant property, strong NOI.

    Property size:
    52,592 SF

    Property Features for 4400 44Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    52,592 SF
    Class
    B
    Lot Size
    277,477 SF

    Building Details

    Year Built
    1999
    Stories
    2
    Units
    2

    We can help!

    Listing Contact
    Chris Castro
    Chris Castro

    Listing Agency: Pivot Real Estate Brokerage Listing Agent: Chris Castro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional mixed-use investment property, located at 4400 SW 44th St, Oklahoma City, OK 73119, presents a compelling opportunity for value-add investors. The property, identified by APN 132448027, comprises a 52,592 square foot building constructed in 1999, featuring two units on two stories and situated on a 6.37-acre lot. Currently boasting 82.29% occupancy with a Net Operating Income (NOI) of $583,561 and a 7.00% cap rate, the property is priced at $8,336,586. The building benefits from 173 parking spaces and is zoned I-2, allowing for diverse uses. Two credit-rated tenants currently occupy the space under a multi-tenant lease agreement with a remaining term of 3.7 years, expiring August 5, 2028 (lease commencement December 12, 2019). The property's strong tenant base, including a major GSA tenant, provides stability and potential for future growth. This prime location in Oklahoma City offers significant upside potential in a thriving market. The property's size, location, and existing tenant base make it an attractive investment for those seeking a stable, high-yielding asset with significant long-term potential. The building offers approximately 14,942 square feet of additional space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    USCIS Oklahoma City ... Government Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5975192
    Latitude
    35.4236398

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield, multi-tenant property, strong NOI.
    Where is this mixed-use property located?
    The property is located at 4400 44Th St Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $8,336,586.
    What are key features of this property?
    This property features: $8,336,586 asking price for a mixed-use, value-add property.; Class B, 52,592 square foot building with two credit-rated tenants.; 7.00% cap rate with a current NOI of $583,561.
    (405) 317-0627 Call to check price and availability
    Request Owner's contact information
    4400 44Th St Oklahoma City, OK 73119
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    Oklahoma City, OK 73119
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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
    4400 44Th St Oklahoma City, OK 73119
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Castro
    Chris Castro
    Real Estate License ID: 184432
    (405) 317-0627
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