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    1015 N Shartel Ave Oklahoma City, OK 73102
    Property profile & analytics

    1015 N Shartel Ave Oklahoma City, OK 73102

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    • Medical Office Space
    • 6,000 SF
    • 0.45 lot acres
    For Sale
    $2,000,000
    View Listing →
    Oklahoma City Commercial Building For Sale For Sale
    $2,000,000
    6,000 SF

    Oklahoma City Commercial Building For Sale

    6,000 sq ft commercial building in high-traffic area.

    1015 N Shartel, Oklahoma City, OK 73102
    View Listing
    Property ID
    US69-0460608
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Khan Mohammad Faisal MD / Physician
    • Aikaterini Thanou / Physician
    • Sarah Towry / Physician
    • Rheumatic Diseases Clinic Of Oklahoma / Physician
    • Serenity Med Spa LLC / Spa & Massage Center / Alternative Medicine Practice

    Property Details for 1015 N Shartel Ave

    Year built
    1976
    Construction
    BRICK
    Lot size
    0.45 lot acres
    Property size
    6,000 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    01-320-0544
    APU
    13200544

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,415,000
      6.5%
      $1,305,000
      7%
      $1,210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $749,000
      Market price range: $266k - $781k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $935,000
      Current use
      AUTO REPAIR, GARAGE
      $890,000
      Change: -5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $850,000
      Change: -9% Conversion: Easy
      OFFICE BUILDING
      $770,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5261
    Latitude
    35.4781
    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
    $16,888
    $32,415
    $105,085
    $137,500
    -
    $294,690
    $955,310
    $1,250,000

    Comparable in this City

    • Value Estimation
      $6,200,000
      53,255 SF

      535 9th St

      MEDICAL BUILDING • 53,255 SF
      535 9th St, Oklahoma City, OK 73102-1070
      View Details
    • Value Estimation
      $3,065,000
      29,040 SF

      608 9th St

      MEDICAL BUILDING • 29,040 SF
      608 9th St, Oklahoma City, OK 73102-1068
      View Details
    • Value Estimation
      $1,060,000
      13,995 SF

      1014 Robinson Ave

      HOMES (RETIRED, NURSING) • 13,995 SF
      1014 Robinson Ave, Oklahoma City, OK 73102-5801
      View Details
    • Value Estimation
      $5,200,000
      84,138 SF

      700 7th St

      HOMES (RETIRED, NURSING) • 84,138 SF
      700 7th St, Oklahoma City, OK 73102-1212
      View Details
    • Value Estimation by Request
      5,688 SF

      10 Lee Ave

      Office properties & Spaces • 5,688 SF
      10 Lee Ave, Oklahoma City, OK 73102
      View Details
    • Value Estimation by Request
      37,855 SF

      501 Walker Ave

      Office properties & Spaces • 37,855 SF
      501 Walker Ave, Oklahoma City, OK 73102
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical Corridor Monument Building

      Located in the heart of the Medical Corridor.
      1101 N Broadway, Oklahoma City, OK 73102
      View Details
    • New
      $2,000,000
      6,000 SF

      Oklahoma City Commercial Building For Sale

      6,000 sq ft commercial building in high-traffic area.
      1015 N Shartel Ave, Oklahoma City, OK 73102
      View Details
    • Contact for pricing
      7,000 SF

      Corner Lot Redevelopment Opportunity

      Redevelopment opportunity in downtown Oklahoma City near Midtown.
      823 N Walker Ave, Oklahoma City, OK 73102
      View Details
    • $7,000,000

      Oklahoma City Midtown Office Building

      Office building in trendy Midtown district, Oklahoma City.
      923 Robinson Ave, Oklahoma City, OK 73102
      View Details
    • Contact for pricing
      16,500 SF

      Retail and Office Storefronts Available

      Two storefronts available for lease, prime location.
      518 Colcord Dr, Oklahoma City, OK 73102
      View Details
    • Contact for pricing
      28,000 SF

      Central Business District Office Building

      Renovated office building with private parking in downtown Oklahoma City.
      417 Dean A Mcgee Ave, Oklahoma City, OK 73102
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      10,000 SF

      Oklahoma City Office Space For Sale/Lease

      10,000 SF Athenian Office Building, Downtown OKC
      615 N. Hudson Avenue, Oklahoma City, OK 73102
      View Details
    • Contact for pricing

      Arvest Tower Lower Level Space

      Located in OKC’s Underground, between Arvest Tower and Leadership Square.
      201 Robert S Kerr Ave, Oklahoma City, OK 73102
      View Details
    • Contact for pricing
      1,742 SF

      Office Space Available For Rent

      Office space available for lease in Oklahoma City, OK.
      311 N Harvey Ave, Oklahoma City, OK 73102
      View Details
    • $3,500 /Mo

      Open Floor Plan Office Space

      Office space featuring an open floor plan and two offices.
      715 N Hudson Ave, Oklahoma City, OK 73102
      View Details
    • Contact for pricing
      16,940 SF

      Prime Automobile Alley Retail Space

      High-visibility retail and office spaces in Automobile Alley.
      616 N Broadway Ave, Oklahoma City, OK 73102
      View Details
    • Contact for pricing

      Park Avenue

      Discover many ways to work your way in Park Avenue
      101 Park Ave, Oklahoma City, OK 73102
      View Details
    View Listing
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    Oklahoma City, OK 73102
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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.

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    1015 N Shartel Ave, Oklahoma City, OK, 73102
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