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Property profile & analytics
OFF-MARKET
Estimated value
$3,410,000
Medical Office Space
1226 Shartel Ave Oklahoma City, OK 73103-2421
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-2304571
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Construction
WOOD FRAME
Total area
12,840 SF
Lot
0.49 ac (21,388 SF)
APN
04-580-5400
UPID
US69-2304571
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
-
Well Again Medical Care Medical Clinic
-
JENNIFER WEBB Physician
-
Healthy Heartbeat, P.C. - Pavel Riha MD PhD Physician
-
Healthy Heartbeat, P.C. Medical Clinic
-
Integrative Medicine Midtown Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.49M
CAP Approach
CAP
$2.80M
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$3.41M
Owner & transaction history
Rit Holdings LLC · 3 yrs held
Rit Holdings LLC
since 2023
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+82.8%
Commercial (general)
$2.4M
+21.6%
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
$3,550,000
ML approach
$3,485,000
CAP Approach
CAP Return
Estimation
6%
$3,025,000
6.5%
$2,795,000
7%
$2,595,000
Alternative Use
Use
Estimation
RESTAURANT
$3,665,000
Change: +83% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,440,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$3.41M
Range $3.07M – $3.75M · ±10% · vs last sale $3.30M (Apr 17 2023)
Last sale anchor
$3.30M
Apr 17 2023
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
$266 / 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
$29,579
Tax year 2023
Assessed value
$240,834
Assessed 2023
Previous assessed
$229,366
+5.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$24,572
Assessed improvement
$216,262
Land market value
$320,835
Improvement market value
$2,823,766
Total market value
$3,144,601
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2012
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
AC.PACKAGE
Stories
3
Units
8
Rooms
1
Total area
12,840 SF
Lot
0.49 ac (21,388 SF)
APN
04-580-5400
UPID
US69-2304571
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
RESTAURANT
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RESTAURANT
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
2012
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Units
8
Rooms
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Rit Holdings LLC
Entity
Mailing address
1226 N SHARTEL AVE APT #100, OKLAHOMA CITY, OK 73103-2432
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
—
Rit Holdings LLC
—
Deed
related
$300,000 · Bancfirst
Apr 17, 2023
$3,300,000
Rit Holdings LLC
Ip Acquistions LLC
Warranty Deed
$2,640,000 · Bancfirst
Oct 27, 2008
$1,095,000
Ip Acquisitions LLC
Shartel Professional Building LLC
Special Warranty Deed
—
Jan 8, 2007
$385,500
Shartel Prof Building LLC
Bdc-1226 N Shartel LLC
Grant Deed
related
—
Jan 4, 2006
$400,000
Bdc-1226 N Shartel LLC
Mcgurk,patrick
Warranty Deed
$335,750 · Bank 7
Jul 19, 2005
—
Patrick Mcgurk
Mcgurk,patrick
Quit Claim Deed
related
$258,750 · Imperial Capital Bank
Jul 19, 2005
$355,000
Patrick Mcgurk
Shartel Investments LLC
Warranty Deed
—
—
—
Ip Acquisitions LLC
—
Deed Of Trust
related
$2,507,500 · J P Morgan Chase Bank
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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