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    1200 178th St Edmond, OK 73012-4463
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    Property profile & analytics

    1200 178th St Edmond, OK 73012-4463

    View on Map
    • Strip malls
    • 7,968 SF
    • 0.85 lot acres
    Off-Market
    Last Sale Jul 29, 2021
    Property ID
    US69-2216895
    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
    $1,070,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Innovative Eyecare, Vision Source / Physician
    • Joann Thomas / Physician
    • Jennifer Brooks / Physician
    • Dr. Matthew Brooks / Physician
    • Matthew Brooks / Physician

    Property Details for 1200 178th St

    Year built
    2019
    Lot size
    0.85 lot acres
    Property size
    7,968 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    21-528-1020
    APU
    215281020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,395,000
      6.5%
      $1,290,000
      7%
      $1,195,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,595,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5343
    Latitude
    35.6526
    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
    $14,507
    $31,916
    $89,973
    $121,889
    -
    $290,152
    $817,934
    $1,108,086

    Comparable in this City

    • Value Estimation
      $1,840,000
      15,372 SF

      17784 Macarthur Blvd

      SHOPPING CENTER, STRIP CENTER • 15,372 SF
      17784 Macarthur Blvd, Edmond, OK 73012-8791
      View Details
    • Value Estimation
      $635,000
      4,800 SF

      3700 206th St

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      3700 206th St, Edmond, OK 73012-9102
      View Details
    • Value Estimation
      $4,090,000
      19,925 SF

      2012 178th St

      SHOPPING CENTER, STRIP CENTER • 19,925 SF
      2012 178th St, Edmond, OK 73012-4356
      View Details
    • Value Estimation
      $2,365,000
      10,710 SF

      19401 Portland Ave

      SHOPPING CENTER, STRIP CENTER • 10,710 SF
      19401 Portland Ave, Edmond, OK 73012-9117
      View Details
    • Value Estimation
      $1,480,000
      12,772 SF

      18100 May Ave

      SHOPPING CENTER, STRIP CENTER • 12,772 SF
      18100 May Ave, Edmond, OK 73012-4396
      View Details
    • Value Estimation
      $1,220,000
      10,725 SF

      17730 Macarthur Park Rd

      SHOPPING CENTER, STRIP CENTER • 10,725 SF
      17730 Macarthur Park Rd, Edmond, OK 73012
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      13.05 Acres for Development

      13.05-acre property with 6 pad sites for retail or office.
      N May Ave, Edmond, OK 73012
      View Details
    • $600,000

      Oklahoma City Outparcel Opportunity

      Prime land for QSR, retail, or service-oriented businesses.
      N Pennsylvania Ave, Oklahoma City, OK 73012
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    • Contact for pricing
      4,902 SF

      Retail Space in High-Traffic Area

      Retail suite in 7-Eleven strip with flexible terms.
      16500 N Western Ave, Edmond, OK 73012
      View Details
    • Contact for pricing

      NW 192nd & N. May Ave, Edmond, OK 73012

      Commercial land
      N May Ave, Edmond, OK 73012
      View Details
    • $11,434,500
      25.00 Acres

      Edmond Vacant Commercial Land

      25 acres of commercial land in a growing area.
      3301 NW 192Nd St, Edmond, OK 73012
      View Details
    • $2,550,000

      OKC Vacant Land Development Opportunity

      Development property in a newly developing area, utilities available.
      6 Thomas Dr, Okc, OK 73012
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      10,500 SF

      Retail Space in Westpointe Grove

      Retail space for lease in a rapidly growing area.
      73012 Usa, Oklahoma City, OK 73012
      View Details
    • Contact for pricing

      Upscale Retail Center in Edmond

      Newer shopping center with signage opportunities in a developing area.
      1020 NW 192Nd St, Edmond, OK 73012
      View Details
    • $21 SF/Yr
      2,340 SF

      Suite E: 2,340 SF Retail Space For Lease at The Shoppes at Valencia

      Suite E: 2,340 SF Retail Space For Lease at The Shoppes at Valencia
      2012 N.W. 178th Street, Edmond, OK 73012
      View Details
    • Contact for pricing

      Mixed-Use Development in Oklahoma City

      Mixed-use lifestyle development with retail, dining, services, and office spaces.
      16533 N May Ave, Edmond, OK 73012
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in North Oklahoma

      Retail space for lease in a desirable North Oklahoma location.
      1201 NW 178Th St, Edmond, OK 73012
      View Details
    • $10 SF/Yr

      Retail and Flex Space Available

      Retail and flex space for lease, delivery June 2025.
      164th St & Pennsylvania Ave, Edmond, OK 73012
      View Details
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    Edmond, OK 73012-4463
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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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