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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Flex space
121 40th St Oklahoma City, OK 73105-2415
Entity Owned
5-yr Hold
Free & Clear
Property ID
US69-0743387
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2002
Construction
STEEL FRAME
Total area
8,847 SF
Lot
0.72 ac (31,494 SF)
APN
13-320-6303
UPID
US69-0743387
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
-
Hardware Factory Store OKC Factory Industrial Manufacturer
-
epoxy order Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.45M
Owner & transaction history
M-d Real Estate Holdings LLC · 5 yrs held
M-d Real Estate Holdings LLC
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+71.2%
Auto repair, garage
$1.3M
+63.0%
Office building
$1.1M
+40.7%
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
$1,460,000
ML approach
$1,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,380,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,315,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$1,135,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$1,090,000
Change: +35% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,005,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$870,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.46M (Dec 31 2020)
Last sale anchor
$1.46M
Dec 31 2020
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
$163 / 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
$7,980
Tax year 2023
Assessed value
$64,976
Assessed 2023
Previous assessed
$61,881
+5.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$12,949
Assessed improvement
$52,027
Land market value
$119,700
Improvement market value
$480,957
Total market value
$600,657
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
8,847 SF
Lot
0.72 ac (31,494 SF)
APN
13-320-6303
UPID
US69-0743387
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
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$870,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2002
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
M-d Real Estate Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4041 N SANTA FE AVE, OKLAHOMA CITY, OK 73118-8512
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
$1,460,000
M-d Real Estate Holdings LLC
Ne 40th LLC
Grant Deed
—
Mar 21, 2018
—
Ne 40th LLC
—
Loan Modification
related
$76,107,472 · Midfirst Bk/st Svgs Bk
Aug 15, 2016
$1,000,000
Ne 40th LLC
B & B Properties I LLC
Grant Deed
$300,000 · Midfirst Bk
Aug 15, 2016
—
B & B Properties I LLC
B & B Properties I LLC
Quit Claim Deed
related
—
Jul 3, 2008
—
B & B Properties I LLC
Bannister,doug
Quit Claim Deed
related
—
Nov 22, 2004
—
Doug Bannister
Professional Concrete Svcs INC
Quit Claim Deed
related
—
—
—
B & B Properties I LLC
—
Deed Of Trust
related
—
—
—
Douglas Bannister
—
Deed Of Trust
related
$55,000 · International Bank Of Commerce
—
—
B & B Properties I LLC
—
Deed Of Trust
related
$350,000 · International Bank Of Commerce
—
—
Ne 40th LLC
—
Deed Of Trust
related
$15,000,000 · Private Individual
—
—
Douglas Bannister
—
Deed Of Trust
related
$688,444 · International Bank Of Commerce
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.
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