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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Turn key restaurants
1133 23rd St Oklahoma City, OK 73106-5607
Trust Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0669894
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1938
Construction
BRICK
Total area
9,946 SF
Lot
0.29 ac (12,807 SF)
APN
05-065-6700
UPID
US69-0669894
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$560k
Owner & transaction history
Hy Johnny Trust · 17 yrs held
Hy Johnny Trust
since 2008
7 recorded transactions
Zoning & alternative use
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 Oklahoma City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oklahoma City 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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$56 / 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
$16,540
Tax year 2023
Assessed value
$134,667
Assessed 2023
Previous assessed
$128,723
+4.6% YoY
Effective rate
12.28%
On assessed value
Assessed land
$7,053
Assessed improvement
$127,614
Land market value
$64,125
Improvement market value
$1,160,125
Total market value
$1,224,250
Applied tax rate
200.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1938
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
9,946 SF
Lot
0.29 ac (12,807 SF)
APN
05-065-6700
UPID
US69-0669894
Jurisdiction
OKLAHOMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1938
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Hy Johnny Trust
Trust
Mailing address
901 NW 24TH ST, OKLAHOMA CITY, OK 73106-5611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2009
—
Hy Johnny Living Trust
—
Trustees Deed
related
$50,789 · Quail Creek Bank
Aug 7, 2008
—
Hy Johnny Trust
Hy,johnny
Quit Claim Deed
related
—
Oct 20, 2005
—
Johny Hy
—
Trustees Deed
related
$150,000 · Quail Creek Bank
—
—
Hy Johnny Trust
—
Deed Of Trust
related
$575,000 · First National Bank Oklahoma
—
—
Hy,johnny Trust
—
Loan Modification
related
$489,826 · First Nat'l Bk/ok
—
—
Hy Johnny & Cao Tina Trust
—
Deed Of Trust
related
$600,000 · First National Bank Oklahoma
—
—
Johnny Hy
—
Deed Of Trust
related
$250,000 · Midfirst Bank State Savings Bk
—
—
Johny Hy
—
Deed Of Trust
related
$236,654 · Quail Creek Bank
—
—
Hy,j & Cao T Joint L & Tr
—
Loan Modification, Consolidation And Extension
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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