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Property profile & analytics
FOR LEASE
Retail space
11621 N Santa Fe Ave Oklahoma City, OK 73114
Individually Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0576155
For Lease
1 / 2
$9 SF/Yr
11621 N Santa Fe Ave, Oklahoma City, OK 73114
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Construction
STEEL FRAME
Total area
7,500 SF
Lot
2.65 ac (115,565 SF)
APN
13-076-6760
UPID
US69-0576155
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
-
Absolute Restaurant Service, LLP HVAC Service General Contractor
-
Bec Electric Electrical Service General Contractor
-
New Limits Academy | Mixed Martial Arts in OKC Training Center Sports School
-
A A Graphics Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.11M
Owner & transaction history
Ptshp Argonaut · 16 yrs held
Ptshp Argonaut
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+35.8%
Medical building
$1.2M
+26.5%
Auto repair, garage
$1.1M
+20.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$925,000
Current use
COMMERCIAL (GENERAL)
$1,255,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$1,170,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,115,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$960,000
Change: +4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$147 / 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
$11,495
Tax year 2023
Assessed value
$93,593
Assessed 2023
Previous assessed
$89,136
+5.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$6,262
Assessed improvement
$87,331
Land market value
$72,650
Improvement market value
$1,013,250
Total market value
$1,085,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1983
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
3
Stories
1
Units
5
Total area
7,500 SF
Lot
2.65 ac (115,565 SF)
APN
13-076-6760
UPID
US69-0576155
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$850,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Units
5
Lot
2.65 ac
Current owner
From public records · entity-resolved
Ptshp Argonaut
Individual
Mailing address
3000 # ED FOUNDERS BLVD STE #200, OKLAHOMA CITY, OK 73112
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2009
—
Ptshp Argonaut
—
Trustees Deed
related
$100,000 · Spiritbank NA
—
—
Argonaut General Ptshp
—
Deed Of Trust
related
$100,000 · Spiritbank NA
—
—
Argonaut General Ptshp
—
Deed Of Trust
related
$425,000 · First St Bk
—
—
Ptshp Argonaut
—
Deed Of Trust
related
$100,000 · Spiritbank NA
—
—
Ptshp Argonaut
—
Deed Of Trust
related
$100,000 · Spiritbank NA
—
—
Ptshp Argonaut
—
Deed Of Trust
related
$249,000 · Spiritbank NA
—
—
Argonaut Genaral Ptshp
—
Loan Modification
related
$467,449 · First St Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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