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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10920 Council Rd Oklahoma City, OK 73162

    • Parking lots & garages
    • 0.37 lot acres
    For Sale
    View listing
    $475,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 10920 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

      Method
      Estimation
      ML approach
      $245,000

    Get a detailed, property-specific valuation — 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
      $290,000
      4.93 Acres

      Oklahoma City, OK 73162

      PARKING LOT • 4.93 Acres
      Oklahoma City, OK 73162
      View Details
    • Value Estimation
      $265,000
      0.34 Acres

      8216 Expy Expressway

      PARKING LOT • 0.34 Acres
      8216 Expy Expressway, Oklahoma City, OK 73162-6022
      View Details
    • Value Estimation
      $270,000
      0.90 Acres

      Oklahoma City, OK 73162

      PARKING LOT • 0.90 Acres
      Oklahoma City, OK 73162
      View Details
    • Value Estimation
      $280,000
      1.09 Acres

      12121 Warwick Dr

      PARKING LOT • 1.09 Acres
      12121 Warwick Dr, Oklahoma City, OK 73162-1787
      View Details
    • Value Estimation
      $11,480,000
      33,838 SF

      8900 Expy Expressway

      AUTO REPAIR, GARAGE • 33,838 SF
      8900 Expy Expressway, Oklahoma City, OK 73162-6018
      View Details
    • Value Estimation
      $305,000
      2,893 SF

      7000 Hefner Rd

      CAR WASH • 2,893 SF
      7000 Hefner Rd, Oklahoma City, OK 73162
      View Details

    Similar Nearby for Sale

    • $360,000
      2.00 Acres

      Prime Corner Land Development Opportunity

      2-acre commercial land with high visibility in a growing area.
      SW Lee Blvd, Cache, OK 73162
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    • $475,000
      0.37 Acres

      Oklahoma City Commercial Land

      Build-to-suit land, flexible plans.
      10920 Council Rd, Oklahoma City, OK 73162
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    • $1,400,000
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      Hard Corner Land For Sale

      Hard corner land for sale in Northwest Oklahoma City.
      8005 West Hefner Rd, Oklahoma City, OK 73162
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    • $985,000
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      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
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    • $3,000,000
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      Prime Commercial Land For Development

      8.7 acres MOL, ideal for gas station, retail, or office.
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    • $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

    Similar Nearby for Lease

    • $11 SF/Yr
      10,320 SF

      112th Street Shops: Retail Space

      Prime Retail Space, Multiple Units Available
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    • $36 SF/Yr
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      Tiki Salon Suites: OKC Retail Space

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    • Contact for pricing
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      Brookhaven Center Retail Space Available

      Retail space available in Brookhaven Center, Oklahoma City.
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      Retail Space For Lease

      Retail property available for lease in Oklahoma City, OK.
      8101 Expressway NW, Oklahoma City, OK 73162
      View Details
    • $14 SF/Yr
      9,066 SF

      Hefner Road Retail Opportunity

      Oklahoma City freestanding retail space available
      7109 Hefner Rd, Oklahoma City, OK 73162
      View Details
    • $10 SF/Yr
      4,236 SF

      MacArthur Blvd Office Space for Lease

      Northwest OKC Office - 2118 SF Available
      10805 Macarthur Blvd, Oklahoma City, OK 73162
      View Details
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    10920 Council Rd
    Oklahoma City, OK 73162
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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.

    More about this property
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