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    1200 2nd St Edmond, OK 73034-5317
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    Property profile & analytics

    1200 2nd St, Edmond, OK 73034-5317

    View on Map
    • Outlet malls
    • 176,307 SF
    • 14.76 lot acres
    Off-Market
    Property ID
    US69-0365201
    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
    $14,075,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AT&T Kiosk / Mobile Phone Store / Electronics & Wireless Store
    • Target Grocery / Grocery & Convenience Store / Food Market
    • CVS Pharmacy / Pharmacy
    • Target Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Pizza Hut Express / Restaurant

    Property Details for 1200 2nd St

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    14.76 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    20-177-1000
    APU
    201771000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,977,000
      Market price range: $19.0M - $56.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4642
    Latitude
    35.6503
    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
    $126,030
    $461,954
    $747,080
    $1,209,034
    -
    $4,199,587
    $6,791,638
    $10,991,225

    Comparable in this City

    • Value Estimation
      $3,155,000
      25,631 SF

      1427 Broadway

      WHOLESALE OUTLET, DISCOUNT STORE
      1427 Broadway, Edmond, OK 73034-3959
      View Details
    • Value Estimation
      $15,470,000
      197,818 SF

      1225 I 35th Frontage Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      1225 I 35th Frontage Rd, Edmond, OK 73034-7394
      View Details
    • Value Estimation
      $2,355,000
      25,760 SF

      1824 2nd St

      SHOPPING CENTER, STRIP CENTER
      1824 2nd St, Edmond, OK 73034-6347
      View Details
    • Value Estimation
      $585,000
      5,800 SF

      317 2nd St

      SHOPPING CENTER, STRIP CENTER
      317 2nd St, Edmond, OK 73034-4564
      View Details
    • Value Estimation
      $2,230,000
      14,661 SF

      925 I 35th Frontage Rd

      SHOPPING CENTER, STRIP CENTER
      925 I 35th Frontage Rd, Edmond, OK 73034-7382
      View Details
    • Value Estimation
      $1,885,000
      12,480 SF

      323 Blackwelder Ave

      SHOPPING CENTER, STRIP CENTER
      323 Blackwelder Ave, Edmond, OK 73034-5550
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,228 SF

      Edmond Retail Strip For Sale

      2019 construction retail strip in affluent Edmond, Oklahoma.
      1200 W Danforth Rd, Edmond, OK 73034
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      3,725 SF

      Edmond Car Wash Land Value

      Car wash property in Edmond, Oklahoma, offered primarily for land.
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    • $398,000
      4,000 SF

      Retail Space For Sale

      Retail space available for purchase in Edmond, Oklahoma.
      551 Koloa Ave, Edmond, OK 73034
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    • Contact for pricing
      115,000 SF

      Lowe's Ground Lease Opportunity

      NNN ground lease with rent increases in high-income Edmond.
      1320 E 2Nd St, Edmond, OK 73034
      View Details
    • New
      Contact for pricing
      3,250 SF

      Downtown Edmond Retail/Office Opportunity

      Unique space in vibrant, walkable Downtown Edmond district.
      116 S Broadway Ext, Edmond, OK 73034
      View Details
    • $1,400,000

      Edmond Outparcel For Sale

      Outparcel in a strong retail corridor with national tenants.
      300 South Bryant Ave, Edmond, OK 73034
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    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail Space in Kickingbird Square

      Retail space for lease in a busy Edmond shopping center.
      1327 E Danforth Rd, Edmond, OK 73034
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    • Contact for pricing
      1,056 SF

      Retail Space in Spring Creek

      Retail space available in a high-quality boutique center.
      1489 E 15Th St, Edmond, OK 73034
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      3,310 SF

      Edmond Retail Space For Lease

      Retail space available in a high-traffic Edmond location.
      301 S Bryant Ave, Edmond, OK 73034
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space in High-Traffic Area

      Retail space available in shopping center with monument signage.
      5 W 15Th St, Edmond, OK 73034
      View Details
    • Contact for pricing
      35,312 SF

      Retail Space in Edmond Center

      Retail space available in high-traffic Edmond shopping center.
      1427 S Broadway, Edmond, OK 73034
      View Details
    • Contact for pricing

      New Retail Center at Covell

      Newly constructed retail center near I-35 and Covell in Edmond, OK.
      2664 Exchange Dr, Edmond, OK 73034
      View Details

    Property Visit Statistics

    • Visits by month
      216.2k
    • Visitors by month
      114.5k
    • Avg Time on site
      31 min
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    1200 2nd St
    Edmond, OK 73034-5317
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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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    1200 2nd St, Edmond, OK, 73034
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