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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Medical Office Space
1023 Waterwood Pkwy Edmond, OK 73034-5324
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-0275138
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
WOOD FRAME
Total area
6,555 SF
Lot
0.74 ac (32,060 SF)
APN
20-920-1000
UPID
US69-0275138
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
-
Tyler R. Phillips, M.D. Physician
-
Comprehensive Specialty Care Medical Clinic
-
Awareness Books For Children Corporate Office
-
Jacob Fleming, MD Physician
-
Dr. Douglas P. Beall Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.08M
Owner & transaction history
Waterwood Investment LLC Series 102 · 3 yrs held
Waterwood Investment LLC Series 102
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+42.5%
Neighborhood: shopping center
$1.6M
+28.4%
Retail stores
$1.3M
+5.1%
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
$1,180,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,045,000
7%
$970,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,250,000
Current use
RESTAURANT
$1,785,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,605,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$1,315,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,035,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.08M (Jun 5 2023)
Last sale anchor
$1.08M
Jun 5 2023
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
$164 / 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
$12,264
Tax year 2023
Assessed value
$117,655
Assessed 2023
Previous assessed
$117,655
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$11,617
Assessed improvement
$106,038
Land market value
$105,610
Improvement market value
$963,983
Total market value
$1,069,593
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
WOOD FRAME
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Total area
6,555 SF
Lot
0.74 ac (32,060 SF)
APN
20-920-1000
UPID
US69-0275138
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
MEDICAL BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2008
Construction
WOOD FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Waterwood Investment LLC Series 102
Entity
Mailing address
1023 WATERWOOD PKWY, EDMOND, OK 73034-5324
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2023
$1,075,000
Waterwood Investment LLC Series 102
Vin Real Estate LLC
Warranty Deed
$998,750 · Midfirst Bank
Dec 28, 2012
$750,000
Vin Real Estate LLC
Jp Morgan Chase Bk
Grant Deed
—
Apr 16, 2012
—
Jp Morgan Chase Bk
Sheriff Of Oklahoma County
Trustees Deed
related
—
Aug 26, 2009
—
Falcon Crest Properties LLC
—
Trustees Deed
related
—
Nov 4, 2008
$992,500
Falcon Crest Properties LLC
Waterwood Partners LLC
Warranty Deed
$1,965,500 · Jpmorgan Chase Bank NA
Sep 8, 2008
—
Waterwood Partners LLC
—
Trustees Deed
related
$700,000 · Prime Bank
Jul 24, 2007
$108,500
Waterwood Partners LLC
Medevelop Dev INC
Warranty Deed
$700,000 · First State Bank
Jun 16, 2006
$97,500
Medevelop Dev INC
Philadelphia Church Of God INC
Warranty Deed
$100,000 · Bank Of The West
—
—
Falcon Crest Properties LLC
—
Deed Of Trust
related
$1,408,000 · Metro Area Development Corp
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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