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Property profile & analytics
OFF-MARKET
Estimated value
$3,370,000
Assisted living facilities
1060 Rambling Oaks Dr Norman, OK 73072-4187
Entity Owned
3-yr Hold
Free & Clear
Property ID
US69-0311688
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Construction
WOOD FRAME
Total area
66,229 SF
Lot
3.35 ac (145,926 SF)
APN
NC29SPS14 1 1001
UPID
US69-0311688
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
-
Rambling Oaks Assisted Living Nursing Home
-
Luxe Life Senior Living and Memory Care Nursing Home Retirement Community
-
Rambling Oaks Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$3.37M
Owner & transaction history
Sabra Health Care Holdings III LLC · 3 yrs held
Sabra Health Care Holdings III LLC
since 2023
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.6M
+127.8%
Warehouse, storage
$3.6M
+46.0%
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
$4,310,000
ML approach
$3,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$2,455,000
Current use
AUTO REPAIR, GARAGE
$5,590,000
Change: +128% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,580,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$3.37M
Range $3.03M – $3.71M · ±10% · vs last sale $3.25M (Feb 2 2023)
Last sale anchor
$3.25M
Feb 2 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
$51 / 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
$75,093
Tax year 2023
Assessed value
$625,363
Assessed 2023
Previous assessed
$595,584
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$133,951
Assessed improvement
$491,412
Land market value
$1,169,499
Improvement market value
$4,290,411
Total market value
$5,459,910
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
70
Rooms
70
Total area
66,229 SF
Lot
3.35 ac (145,926 SF)
APN
NC29SPS14 1 1001
UPID
US69-0311688
Jurisdiction
CLEVELAND
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$5.6M
WAREHOUSE, STORAGE
Est. value
$3.6M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
70
Rooms
70
Lot
3.35 ac
Current owner
From public records · entity-resolved
Sabra Health Care Holdings III LLC
Entity
Free & Clear · 3 yrs held
Mailing address
18500 VON KARMAN AVE STE #550, IRVINE, CA 92612-0539
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
$3,250,000
Sabra Health Care Holdings III LLC
Wickshire Norman Propco LLC
Special Warranty Deed
—
Feb 6, 2007
$8,041,504
Rambling Oaks Tic 3 LLC
Wilkinson Rambling Oaks LLC
Grant Deed
$12,900,000 · Column Financial INC
Feb 6, 2007
$18,050,009
Wilkinson Rambling Oaks LLC Etal
Rambling Oaks Assisted Liv Ctr
Warranty Deed
related
—
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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