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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Bars & Pubs
103 Apache St Norman, OK 73069-5972
Entity Owned
7-yr Hold
Property ID
US69-0320081
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1940
Construction
FRAME
Total area
29,421 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R1
APN
NCT3LARSH 2 5001
UPID
US69-0320081
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
-
Garner Crossing Apartment Building Apartment Complex
-
Rock House Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.18M
Owner & transaction history
Garner Crossing Phase II LLC · 7 yrs held
Garner Crossing Phase II LLC
since 2018
7 recorded transactions
Zoning & alternative use
R1 · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10%
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
$74 / 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
$29,390
Tax year 2023
Assessed value
$244,755
Assessed 2023
Previous assessed
$135,036
+81.3% YoY
Effective rate
12.01%
On assessed value
Assessed land
$48,000
Assessed improvement
$196,755
Land market value
$400,000
Improvement market value
$1,639,631
Total market value
$2,039,631
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
4
Bathrooms
1
Total area
29,421 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R1
APN
NCT3LARSH 2 5001
UPID
US69-0320081
Jurisdiction
CLEVELAND
Zoning & alternative use
R1 · Norman, OK
Zoning R1 · permitted uses
R1 · Norman, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norman. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
4
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Garner Crossing Phase II LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2018
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
Jan 8, 2020
—
Bte LLC
—
Deed
related
$125,000 · Core Bk
Nov 19, 2018
—
Garner Crossing Phase Il LLC
—
Grant Deed
related
$2,903,000 · Crossfirst Bk
Nov 16, 2018
$125,000
Garner Crossing Phase II LLC
Bte LLC
Warranty Deed
—
Aug 6, 2018
—
Bte LLC
—
Deed
related
$150,000 · Core Bk
Mar 14, 2017
—
Bte LLC
—
Deed
related
$103,748 · First St Bk
Sep 28, 2011
—
Bte LLC
Marriott,robert & Rebecca
Grant Deed
related
—
—
—
Bte LLC
—
Loan Modification
related
$125,000 · Core Bk
—
—
Bte LLC
—
Deed Of Trust
related
$50,000 · First St Bk
—
—
Bte LLC
—
Loan Modification
related
$103,748 · First St Bk
—
—
Bte LLC
—
Deed Of Trust
related
$150,000 · Core 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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