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    11122 Rockwell Ave Oklahoma City, OK 73162-2700
    Property profile & analytics

    11122 Rockwell Ave Oklahoma City, OK 73162-2700

    View on Map
    • Strip malls
    • 31,874 SF
    • 4.28 lot acres
    Off-Market
    Last Sale Dec 15, 2023
    $1,600,000
    Property ID
    US69-2363064
    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
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Guy Madison: Allstate Insurance / Insurance Agency
    • Speedy Wok / Restaurant
    • Mac Roofing & Exteriors / Construction Company
    • Velocity Dance Center / Training Center
    • KC's Vapors / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice

    Property Details for 11122 Rockwell Ave

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.28 lot acres
    Property size
    31,874 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    14-319-1050
    APU
    143191050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,720,000
      ML approach
      $1,710,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,129,000
      Market price range: $757k - $1.73M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6366
    Latitude
    35.5828
    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
    $29,339
    $35,855
    $204,806
    $240,661
    -
    $325,960
    $1,861,873
    $2,187,833

    Comparable in this City

    • Value Estimation
      $750,000
      9,360 SF

      7911 Hefner Rd

      SHOPPING CENTER, STRIP CENTER • 9,360 SF
      7911 Hefner Rd, Oklahoma City, OK 73162-4331
      View Details
    • Value Estimation
      $635,000
      6,600 SF

      7755 Hefner Rd

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      7755 Hefner Rd, Oklahoma City, OK 73162-4390
      View Details
    • Value Estimation
      $590,000
      6,880 SF

      7001 Hefner Rd

      SHOPPING CENTER, STRIP CENTER • 6,880 SF
      7001 Hefner Rd, Oklahoma City, OK 73162-4746
      View Details
    • Value Estimation
      $515,000
      6,092 SF

      12101 Macarthur Blvd

      SHOPPING CENTER, STRIP CENTER • 6,092 SF
      12101 Macarthur Blvd, Oklahoma City, OK 73162-1800
      View Details
    • Value Estimation
      $610,000
      6,360 SF

      11024 Rockwell Ave

      SHOPPING CENTER, STRIP CENTER • 6,360 SF
      11024 Rockwell Ave, Oklahoma City, OK 73162-2721
      View Details
    • Value Estimation
      $1,310,000
      5,325 SF

      12215 Macarthur Blvd

      SHOPPING CENTER, STRIP CENTER • 5,325 SF
      12215 Macarthur Blvd, Oklahoma City, OK 73162-1814
      View Details

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      Oklahoma City Daycare Opportunity

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      Oklahoma City Daycare Opportunity

      Educational daycare facility in Oklahoma City, 5,250 square feet.
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    • $360,000
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      Prime Corner Land Development Opportunity

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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
      6015 N.W. 120th Court, Oklahoma City, OK 73162
      View Details

    Similar Nearby for Lease

    • $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
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      4,059 SF

      Retail Space For Lease

      Retail property available for lease in Oklahoma City, OK.
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      View Details
    • Contact for pricing

      High-Visibility Retail Strip for Lease

      Retail strip with high visibility and ample parking.
      7109 W Hefner Rd, Oklahoma City, OK 73162
      View Details
    • $36 SF/Yr
      2,356 SF

      Tiki Salon Suites: OKC Retail Space

      Modern Salon Suites, Oklahoma City
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      View Details
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      Retail Space For Lease

      Retail space available for lease in Oklahoma City, OK.
      7140 NW 112Th St, Oklahoma City, OK 73162
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    • Contact for pricing
      3,300 SF

      Brookhaven Center Retail Space Available

      Retail space available in Brookhaven Center, Oklahoma City.
      7801 NW 94Th St, Oklahoma City, OK 73162
      View Details
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    Oklahoma City, OK 73162-2700
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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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