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    Property profile & analytics

    1001 Douglas Blvd Midwest City, OK 73130

    • Medical offices
    • 21,936 SF
    • 4.12 lot acres
    For Sale
    View listing
    $4,280,591
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0443286
    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

    • Medical offices

    Property Details for 1001 Douglas Blvd

    Year built
    1986
    Construction
    TILT-UP CONCRETE
    Lot size
    4.12 lot acres
    Property size
    21,936 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    15-018-3000
    APU
    150183000

    Description

    This exceptional 21,936 square foot medical office building in Midwest City, Oklahoma offers a unique investment or leasing opportunity. Located at 1001 S Douglas Blvd, this multi-tenant property enjoys a high-visibility location just off S. Douglas Blvd, ensuring excellent traffic exposure and accessibility. The building features modern infrastructure and ample parking, catering to the needs of both staff and patients. Currently, there are two available spaces ranging in size from 2,000 to 21,936 square feet, offering flexibility for various medical practices. The building's design and amenities make it ideal for clinics, healthcare providers, or other medical-related businesses seeking a well-established presence in a thriving market. Situated in Oklahoma County, with a 73130 zip code, this property presents a compelling investment prospect in a growing area. The building's strategic location and adaptable space make it an attractive option for businesses seeking to expand or establish a new medical facility. This is a rare opportunity to secure a well-maintained, high-traffic medical office building in a desirable location. The ample parking and modern infrastructure contribute to a positive patient and staff experience. Don't miss this chance to acquire or lease a prime medical office space in a rapidly developing area of Midwest City.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $870,000
      Market price range: $676k - $2.09M

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

    Location Insight

    • Map
    • Local Demand
    City
    Midwest City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.3718
    Latitude
    35.4555
    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
    $25,249
    $34,557
    $179,943
    $214,500
    -
    $314,160
    $1,635,840
    $1,950,000

    Comparable in this City

    • Value Estimation by Request
      3,489 SF

      1625 Midtown Pl

      MEDICAL BUILDING • 3,489 SF
      1625 Midtown Pl, Midwest City, OK 73130-6348
      View Details
    • Value Estimation
      $660,000
      4,069 SF

      1471 Post Rd

      MEDICAL BUILDING • 4,069 SF
      1471 Post Rd, Midwest City, OK 73130-5607
      View Details
    • Value Estimation by Request
      3,005 SF

      2300 Douglas Blvd

      MEDICAL BUILDING • 3,005 SF
      2300 Douglas Blvd, Midwest City, OK 73130-7114
      View Details
    • Value Estimation by Request
      1,580 SF

      1382 Douglas Blvd

      MEDICAL BUILDING • 1,580 SF
      1382 Douglas Blvd, Midwest City, OK 73130-5215
      View Details
    • Value Estimation
      $5,015,000
      20,670 SF

      1800 Douglas Blvd

      MEDICAL BUILDING • 20,670 SF
      1800 Douglas Blvd, Midwest City, OK 73130-6224
      View Details
    • Value Estimation by Request
      5,544 SF

      9917 15th St

      MEDICAL BUILDING • 5,544 SF
      9917 15th St, Midwest City, OK 73130-5504
      View Details

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    Similar Nearby for Lease

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    • $19 SF/Yr
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      Oklahoma City Medical Office Building

      Prime Medical Office Space Available
      1201 Douglas Blvd, Midwest City, OK 73130
      View Details
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    Midwest City, OK 73130
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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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