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Property profile & analytics
OFF-MARKET
Estimated value
$3,935,000
Warehouses
1008 Waterwood Pkwy Edmond, OK 73034-5323
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0062476
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
63,600 SF
Lot
3.54 ac (154,202 SF)
APN
18-256-1240
UPID
US69-0062476
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
-
Extra Space Storage Storage Facility
-
SpareBox Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.44M
Blend (final)
Blend
$3.94M
Owner & transaction history
Sbs Oklahoma 2021 LLC · 4 yrs held
Sbs Oklahoma 2021 LLC
since 2022
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.0M
+68.7%
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 Edmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edmond 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
$4,050,000
ML approach
$3,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,540,000
Current use
INDUSTRIAL (GENERAL)
$5,970,000
Change: +69% · Conversion: Easy
Blend value · Realmo final
$3.94M
Range $3.54M – $4.33M · ±10% · vs last sale $3.64M (Feb 16 2022)
Last sale anchor
$3.64M
Feb 16 2022
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
$62 / 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
$41,738
Tax year 2023
Assessed value
$400,400
Assessed 2023
Previous assessed
$400,400
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$38,165
Assessed improvement
$362,235
Land market value
$346,955
Improvement market value
$3,293,045
Total market value
$3,640,000
Applied tax rate
512.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
474
Total area
63,600 SF
Lot
3.54 ac (154,202 SF)
APN
18-256-1240
UPID
US69-0062476
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
WAREHOUSE, STORAGE Current
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
474
Lot
3.54 ac
Current owner
From public records · entity-resolved
Sbs Oklahoma 2021 LLC
Entity
Mailing address
6890 S 2300TH E #201, SALT LAKE CITY, UT 84171-6001
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
—
Sbs Oklahoma 2021 LLC
—
Deed
related
$485,000,000 · Jpmorgan Chase Bank NA
Sep 23, 2022
—
Sbs Oklahoma 2021 LLC
—
Deed
related
$462,500,000 · Bank Of America NA
Feb 16, 2022
$3,640,000
Sbs Oklahoma 2021 LLC
University Storage LLC
Special Warranty Deed
—
May 26, 2021
$6,200,000
Sbs Oklahoma 2021 LLC
University Storage LLC
Special Warranty Deed
—
Jan 13, 2021
—
University Storage LLC
—
Deed
related
$12,800,000 · Yorktown Bk
Dec 13, 2018
—
Ap Wireless Investments I LLC
—
Trustees Deed
related
$148,000 · Deutsche Bk Tr Co Americas
Aug 12, 2015
—
University Storage LLC
9th & Kelley Self Storage LLC
Warranty Deed
related
$2,715,000 · Bancfirst
Feb 27, 2013
—
Ap Wireless Investments I LLC
—
Deed Of Trust
related
$250,000,000 · Deutsche Bank Trust Co America
Apr 4, 2000
$230,000
Sooner Land Company LLC
Howard,william F & Judith S
Grant Deed
$1,011,000 · Midfirst Bank State Savings Bk
—
—
University Storage LLC
—
Deed Of Trust
related
$12,800,000 · Yorktown Bk
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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