Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10920 N Council Rd Oklahoma City, OK 73162
    Back to Search
    Property profile & analytics

    10920 N Council Rd Oklahoma City, OK 73162

    View on Map
    • Parking lots & garages
    • 0.37 lot acres
    For Sale
    $475,000
    View Listing →
    Land Ready for Build-to-Suit For Sale
    $475,000

    Land Ready for Build-to-Suit

    Land available for sale or lease with build-to-suit options.

    10920 N Council Rd, Oklahoma City, OK 73162
    View Listing
    Property ID
    US69-0047661
    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

    • Parking lots & garages

    Property Details for 10920 N Council Rd

    Year built
    2019
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.37 lot acres
    Property type
    Parking lots & garages
    APN
    21-636-1010
    APU
    216361010

    Description

    This 0.37-acre commercial lot, located at 10920 N Council Rd in Oklahoma City, Oklahoma (zip code 73162), is zoned C-3 and offered for sale at $475,000. The land value is $16 per square foot. The property is being sold as a build-to-suit opportunity, offering the potential for sale or lease. A current plan includes a 2,500-square-foot building, but reasonable modifications can be made by the tenant or buyer. However, significant changes to the building's quality or type may result in price adjustments. This prime location provides easy access to the Northwest Expressway and Kilpatrick Turnpike, situated near the intersection of Council Road and Hefner Road. The flexible floor plans allow for adaptability to various business needs. Interested parties should be aware that alterations to the proposed building design may impact the final sale or lease price.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6557
    Latitude
    35.5809
    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
    $774
    $5,326
    $1,027
    $6,353
    -
    $48,420
    $9,343
    $57,763

    Comparable in this City

    • Value Estimation by Request
      0.90 Acres

      Oklahoma City, OK 73162

      PARKING LOT • 0.90 Acres
      Oklahoma City, OK 73162
      View Details
    • Value Estimation by Request
      0.34 Acres

      8216 Expy Expressway

      PARKING LOT • 0.34 Acres
      8216 Expy Expressway, Oklahoma City, OK 73162-6022
      View Details
    • Value Estimation by Request
      4.93 Acres

      Oklahoma City, OK 73162

      PARKING LOT • 4.93 Acres
      Oklahoma City, OK 73162
      View Details
    • Value Estimation by Request
      1.09 Acres

      12121 Warwick Dr

      PARKING LOT • 1.09 Acres
      12121 Warwick Dr, Oklahoma City, OK 73162-1787
      View Details
    • Value Estimation by Request
      3,500 SF

      10820 Rockwell Ave

      AUTO REPAIR, GARAGE • 3,500 SF
      10820 Rockwell Ave, Oklahoma City, OK 73162-4538
      View Details
    • Value Estimation by Request
      3,550 SF

      8501 Expy Expressway

      AUTO REPAIR, GARAGE • 3,550 SF
      8501 Expy Expressway, Oklahoma City, OK 73162-6011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,130 SF

      Two Operating Quick Lubes Package

      Two operating quick lubes for sale in Oklahoma.
      12029 N Macarthur Blvd, Oklahoma City, OK 73162
      View Details
    • $1,250,000
      5.10 Acres

      Prime Land in Oklahoma City

      Corner property with high visibility, ideal for multi-family or mixed-use.
      7601 W Hefner Rd, Oklahoma City, OK 73162
      View Details
    • $3,000,000
      8.70 Acres

      Prime Commercial Land For Development

      8.7 acres MOL, ideal for gas station, retail, or office.
      SW Lee Blvd, Cache, OK 73162
      View Details
    • $985,000
      5,269 SF

      5,269 RSF on 0.58 Acres Office Building For Sale or Lease-6015 N.W. 120th Court

      5,269 RSF on 0.58 Acres Office Building For Sale or Lease-6015 N.W. 120th Court
      6015 N.W. 120th Court, Oklahoma City, OK 73162
      View Details
    • Contact for pricing
      2 SF

      2.72 Acres Development Opportunity

      2.72-acre property suitable for commercial, residential, or mixed-use development.
      10509 North Council Rd, Oklahoma City, OK 73162
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      10,320 SF

      Retail/Office Space Available For Rent

      Versatile space suitable for office or retail use in Oklahoma City.
      7140 NW 112Th St, Oklahoma City, OK 73162
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space For Lease

      Retail space available for lease in Oklahoma City, OK.
      7737 NW 94Th St, Oklahoma City, OK 73162
      View Details
    • $12 SF/Yr
      6,784 SF

      Retail Center Near Crest Foods

      Retail center in growing area with high traffic and visibility.
      11120 N Rockwell Ave, Oklahoma City, OK 73162
      View Details
    • $14 SF/Yr

      High-Visibility Retail Strip for Lease

      Retail strip with high visibility and ample parking.
      7109 W Hefner Rd, Oklahoma City, OK 73162
      View Details
    • $11 SF/Yr

      Retail or Office Space Available

      Versatile space suitable for office or retail use.
      7140 NW 112Th St, Oklahoma City, OK 73162
      View Details
    • Contact for pricing
      4,059 SF

      Retail Space For Lease

      Retail property available for lease in Oklahoma City, OK.
      8101 Expressway NW, Oklahoma City, OK 73162
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10920 N Council Rd
    Oklahoma City, OK 73162
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10920 N Council Rd, Oklahoma City, OK, 73162
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!