Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    119 Main St Oklahoma City, OK 73102-9039
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    119 Main St Oklahoma City, OK 73102-9039

    View on Map
    • Parking lots & garages
    • 362,625 SF
    • 1.20 lot acres
    Off-Market
    Property ID
    US69-0557862
    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
    $5,925,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Main Street Parking / Parking Lot & Garage
    • Italian Express / Restaurant / Buffet
    • Sarah Elm, Rose Rock Realty / Real Estate Agency
    • 1907 Property Management / Property Management Company / Property Investment Company
    • Crimson Eagle Store / Department Store

    Property Details for 119 Main St

    Year built
    1972
    Construction
    TILT-UP CONCRETE
    Lot size
    1.20 lot acres
    Property size
    362,625 SF
    Property type
    Parking lots & garages
    APN
    01-001-3232
    APU
    10013232

    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
    -97.5155
    Latitude
    35.468
    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
    $80,967
    $62,533
    $596,703
    $659,236
    -
    $1,006,050
    $9,600,000
    $10,606,050

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      Oklahoma City, OK 73102

      PARKING LOT • 0.16 Acres
      Oklahoma City, OK 73102
      View Details
    • Value Estimation by Request
      0.08 Acres

      511 Reno Ave

      PARKING LOT • 0.08 Acres
      511 Reno Ave, Oklahoma City, OK 73102
      View Details
    • Value Estimation by Request
      0.20 Acres

      603 Main St

      PARKING LOT • 0.20 Acres
      603 Main St, Oklahoma City, OK 73102
      View Details
    • Value Estimation by Request
      0.16 Acres

      Oklahoma City, OK 73102

      PARKING LOT • 0.16 Acres
      Oklahoma City, OK 73102
      View Details
    • Value Estimation by Request
      0.16 Acres

      810 Broadway Ave

      PARKING LOT • 0.16 Acres
      810 Broadway Ave, Oklahoma City, OK 73102
      View Details
    • Value Estimation by Request
      0.26 Acres

      406 8th St

      PARKING LOT • 0.26 Acres
      406 8th St, Oklahoma City, OK 73102
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,000 SF

      Central Business District Office Building

      Renovated office building with private parking in downtown Oklahoma City.
      417 Dean A Mcgee Ave, Oklahoma City, OK 73102
      View Details
    • $1,995,000

      Downtown OKC Standalone Building

      Standalone building in Downtown OKC with private parking lot.
      417 Dean A Mcgee Ave, Oklahoma City, OK 73102
      View Details
    • $1,190,000

      Vacant Lot in Downtown Oklahoma

      Rare vacant lot in the heart of Downtown Oklahoma City.
      815 NW 2Nd St, Oklahoma City, OK 73102
      View Details
    • Contact for pricing
      16,500 SF

      Retail and Office Storefronts Available

      Two storefronts available for lease, prime location.
      518 Colcord Dr, Oklahoma City, OK 73102
      View Details
    • Contact for pricing
      10,500 SF

      Renovated Retail Building in Automobile Alley

      Renovated 10,500 SF retail building in Downtown OKC.
      801 N Broadway Ave, Oklahoma City, OK 73102
      View Details
    • Contact for pricing

      Downtown Oklahoma City Mixed-Use Property

      Historic mixed-use property with luxury apartments, shops, and offices.
      500 West Main St, Oklahoma City, OK 73102
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space with Mezzanine

      6,600 SF retail space near Paycom Arena.
      706 W California Ave, Oklahoma City, OK 73102
      View Details
    • Contact for pricing
      16,940 SF

      Prime Automobile Alley Retail Space

      High-visibility retail and office spaces in Automobile Alley.
      616 N Broadway Ave, Oklahoma City, OK 73102
      View Details
    • Contact for pricing
      1,320 SF

      Renovated Retail Space Near Downtown

      Customizable retail space with extensive renovations and prime location.
      623-627 W Sheridan Ave, Oklahoma City, OK 73102
      View Details
    • Contact for pricing
      2,200 SF

      Film Row Flex Space

      Multi-use space in downtown OKC's West Village Film Row.
      617 W Sheridan Ave, Oklahoma City, OK 73102
      View Details
    • Contact for pricing

      Historic Pioneer Building Retail/Office Space

      Historic building in CBD, renovated in 2019, multi-use potential.
      103 Dean A Mcgee Ave, Oklahoma City, OK 73102
      View Details
    • $5,500 /Mo
      3,680 SF

      Restaurant/Bar Sublease Opportunity

      Fully built-out restaurant/bar space for sublease at below market rent.
      1012 N Walker Ave, Oklahoma City, OK 73102
      View Details
    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.
    119 Main St
    Oklahoma City, OK 73102-9039
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!