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    Property profile & analytics

    121 40th St Oklahoma City, OK 73105-2415

    • Flex space
    • 8,847 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimation
    $1,460,000
    Last Sale
    Dec 31, 2020
    $1,460,000
    Location Intelligence
    Property ID
    US69-0743387
    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.

    Current Use by Public Records

    • Hardware Factory Store OKC / Industrial Equipment Supplier
    • epoxy order / General Contractor

    Property Details for 121 40th St

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    0.72 lot acres
    Property size
    8,847 SF
    Property type
    Flex space
    APN
    13-320-6303
    APU
    133206303

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,315,000
      6.5%
      $1,445,000
      7%
      $1,470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,590,000
      Geo Method
      $1,455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,555,000
      Retail
      $1,640,000
      Mixed-Use
      $1,275,000
      Hospitality
      $1,325,000
      Educational
      $1,260,000
      Residential Income
      $1,360,000
      Energy
      $1,315,000
      Income-Based Land
      $1,500,000
      Food Service
      $1,470,000

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5091
    Latitude
    35.5131
    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
    $7,980
    $12,949
    $52,027
    $64,976
    -
    $119,700
    $480,957
    $600,657

    Comparable in this City

    • Value Estimation by Request
      111,400 SF

      130 50th St

      LIGHT INDUSTRIAL • 111,400 SF
      130 50th St, Oklahoma City, OK 73105-1810
      View Details
    • Value Estimation by Request
      2,760 SF

      420 39th Ter

      LIGHT INDUSTRIAL • 2,760 SF
      420 39th Ter, Oklahoma City, OK 73105-3721
      View Details
    • Value Estimation by Request
      1,704 SF

      413 38th Ter

      LIGHT INDUSTRIAL • 1,704 SF
      413 38th Ter, Oklahoma City, OK 73105-3706
      View Details
    • Value Estimation by Request
      2,660 SF

      134 38th Ter

      LIGHT INDUSTRIAL • 2,660 SF
      134 38th Ter, Oklahoma City, OK 73105-2404
      View Details
    • Value Estimation
      $545,000
      7,490 SF

      24 46th St

      LIGHT INDUSTRIAL • 7,490 SF
      24 46th St, Oklahoma City, OK 73105-2011
      View Details
    • Value Estimation
      $765,000
      7,560 SF

      200 39th Ter

      LIGHT INDUSTRIAL • 7,560 SF
      200 39th Ter, Oklahoma City, OK 73105-3717
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $15 SF/Yr
      6,546 SF

      Oklahoma City Industrial Flex Space

      6,546 SF Flex Space - Sale or Lease
      5235 N. Lincoln Boulevard, Oklahoma City, OK 73105
      View Details
    • $7 SF/Yr
      33,970 SF

      New Industrial Warehouse Space Available

      Newly built warehouse with excellent location and strategic distribution radius.
      200 NE 34Th St, Oklahoma City, OK 73105
      View Details
    • $6 SF/Yr
      18,068 SF

      Warehouse Space Available For Rent

      Industrial warehouse space featuring dock doors and high ceilings.
      28 NE 42Nd St, Oklahoma City, OK 73105
      View Details
    • Contact for pricing
      2,631 SF

      Industrial Space with Truck Court

      Industrial space featuring a 90' truck court for lease.
      4325 SW 21St St, Oklahoma City, OK 73105
      View Details
    • $500,000
      5,525 SF

      Oklahoma City Warehouse Space Available

      5,525 SF warehouse space for rent in Oklahoma City.
      17 Ne 26Th St, Oklahoma City, OK 73105
      View Details
    • $2,850 /Mo
      1,500 SF

      Industrial Space Available For Rent

      1500 square feet industrial space for rent in Oklahoma City.
      401 W Wilshire Blvd, Oklahoma City, OK 73105
      View Details
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    121 40th St
    Oklahoma City, OK 73105-2415
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    Realmo Value Estimation

    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.

    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.

    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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