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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Medical Office Space
1224 Broadway St, Drumright, OK 74030
Entity Owned
11-yr Hold
Property ID
US69-0676781
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
8,770 SF
Lot
1.51 ac (65,776 SF)
APN
9999-06-017-007-0-610-00
UPID
US69-0676781
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.38M
Owner & transaction history
Ddc Realty LLC · 11 yrs held
Ddc Realty LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+75.2%
Commercial (general)
$1.2M
+23.6%
Restaurant
$1.0M
+9.3%
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 Drumright submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Drumright 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,670,000
6.5%
$1,540,000
7%
$1,430,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$940,000
Current use
OFFICE BUILDING
$1,650,000
Change: +75% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,165,000
Change: +24% · Conversion: Easy
RESTAURANT
$1,030,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$975,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$865,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10%
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
$157 / 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
$17,946
Tax year 2023
Assessed value
$164,699
Assessed 2023
Previous assessed
$156,856
+5.0% YoY
Effective rate
10.90%
On assessed value
Assessed land
$9,000
Assessed improvement
$155,699
Land market value
$75,000
Improvement market value
$1,528,023
Total market value
$1,603,023
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Heating
YES
Cooling
YES
Stories
1
Total area
8,770 SF
Lot
1.51 ac (65,776 SF)
APN
9999-06-017-007-0-610-00
UPID
US69-0676781
Jurisdiction
CREEK
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 Current
Est. value
$940,000
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$975,000
RETAIL STORES
Est. value
$865,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2006
Heating
YES
Cooling
Yes
Stories
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Ddc Realty LLC
Entity
Mailing address
PO BOX 712, DRUMRIGHT, OK 74030-0712
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2023
—
Ddc Realty LLC
—
Deed
related
$636,300 · The Huntington National Bank
Apr 21, 2023
—
Ddc Realty LLC
—
Deed
related
$1,520,000 · The Huntington National Bank
Jul 20, 2018
—
Ddc Realty LLC
—
Deed
related
$1,657,500 · Citizens Bk/edmond
May 8, 2015
$1,200,000
Ddc Realty LLC
1226 West Broadway LLC
Warranty Deed
—
Dec 19, 2008
—
1226 West Broadway LLC
Melton,robert H & Kathleen A
Quit Claim Deed
related
$285,000 · Bank Of America
Nov 26, 2008
—
1226 W Broadway LLC
Melton,robert H & Kathleen A
Quit Claim Deed
related
—
Feb 27, 2006
—
Robert H Melton
Robinson,james S & Julie
Quit Claim Deed
related
—
May 18, 2005
—
Robert H Melton
Southwest Petroleum Corp
Quit Claim Deed
related
—
Mar 7, 2005
—
Robert H Melton
Nelson,jim & Mary G
Quit Claim Deed
related
—
Dec 22, 2004
—
1226 West Broadway LLC
—
Trustees Deed
related
$580,000 · Bank Of America
Mar 31, 2004
$10,000
Robert Melton
Osterhout,c D
Warranty Deed
—
—
—
Ddc Realty LLC
—
Deed Of Trust
related
$2,610,638 · Arvest Mtg
—
—
Ddc Realty LLC
—
Deed Of Trust
related
$1,657,500 · Citizens Bk/edmond
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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