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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12344 Market Dr Oklahoma City, OK 73114-8136

    • Medical offices
    • 6,200 SF
    • 0.69 lot acres
    OFF-MARKET
    Last Sale
    Feb 06, 2023
    $1,185,000
    Value Estimations
    $1,245,000
    Show details
    Cap Rate Potential
    6.9%
    Medical offices
    Location Intelligence
    Property ID
    US69-0748217
    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

    • Apex Healthcare Partners / Medical Clinic
    • Kendall Blundell / Physician
    • Kendall L Brown / Physician
    • Shannon Haddock, PA-C / Medical Clinic
    • Joseph Hoskins, PA-C / Physician

    Property Details for 12344 Market Dr

    Year built
    2011
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Property size
    6,200 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    20-912-1040
    APU
    209121040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,275,000
      ML approach
      $1,240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,460,000
      6.5%
      $1,350,000
      7%
      $1,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,362,000
      Market price range: $520k - $1.57M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $970,000
      Current use
      RESTAURANT
      $1,770,000
      Change: +83% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,040,000
      Change: +7% Conversion: Easy
      AUTO REPAIR, GARAGE
      $920,000
      Change: -5% Conversion: Difficult
      OFFICE BUILDING
      $795,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4983
    Latitude
    35.5956
    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
    $16,142
    $26,400
    $105,024
    $131,424
    -
    $240,000
    $954,765
    $1,194,765

    Comparable in this City

    • Value Estimation by Request
      3.67 Acres

      721 Britton Rd

      MEDICAL BUILDING • 3.67 Acres
      721 Britton Rd, Oklahoma City, OK 73114-2909
      View Details
    • Value Estimation by Request
      7,170 SF

      8900 Western Ave

      MEDICAL BUILDING • 7,170 SF
      8900 Western Ave, Oklahoma City, OK 73114-2518
      View Details
    • Value Estimation
      $510,000
      4,225 SF

      948 Hefner Rd

      MEDICAL BUILDING • 4,225 SF
      948 Hefner Rd, Oklahoma City, OK 73114-6927
      View Details
    • Value Estimation
      $1,135,000
      9,549 SF

      9720 Broadway Ext

      MEDICAL BUILDING • 9,549 SF
      9720 Broadway Ext, Oklahoma City, OK 73114-6315
      View Details
    • Value Estimation by Request
      3,520 SF

      1421 122nd St

      MEDICAL BUILDING • 3,520 SF
      1421 122nd St, Oklahoma City, OK 73114-8028
      View Details
    • Value Estimation
      $7,405,000
      61,410 SF

      13100 Western Ave

      MEDICAL BUILDING • 61,410 SF
      13100 Western Ave, Oklahoma City, OK 73114-1433
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      96,422 SF

      St. Anthony North Healthplex

      Medical office building with laboratory and diagnostic imaging services on-site.
      13401 N Western Ave, Oklahoma City, OK 73114
      View Details
    • $1,200,000
      6,672 SF

      Renovated Office Building For Sale

      6,672 SF office building with easy highway access.
      10707 Broadway Ext, Oklahoma City, OK 73114
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    • $399,000
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      Updated Office Space For Sale

      Updated office space with high visibility and traffic.
      1225 W Britton Rd, Oklahoma City, OK 73114
      View Details
    • Contact for pricing
      152,959 SF

      Class A Office Tower For Sale

      Class A office tower with expansive views and functional floorplates.
      9400 Broadway Ext, Oklahoma City, OK 73114
      View Details
    • Contact for pricing
      48,768 SF

      Functional Office Space For Sale

      31,850 SF office space, ideal for headquarters location.
      601 E Britton Rd, Oklahoma City, OK 73114
      View Details
    • $495,000
      1,500 SF

      708 W Britton Rd

      Individual retail properties • 1,500 SF
      708 Britton Rd, Oklahoma City, OK 73114
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      4,725 SF

      St. Anthony North Healthplex

      Class A medical and office space at Memorial and Western.
      13401 North Western Ave, Oklahoma City, OK 73114
      View Details
    • $4,250,000
      9,000 SF

      Class A Medical Facility

      Medical facility available in northwest Oklahoma City near Kilpatrick Turnpike.
      4207 W Memorial Rd, Oklahoma City, OK 73114
      View Details
    • $21 SF/Yr
      26,104 SF

      Wilshire Blvd Office Space

      Prime OKC office, 6,697 sq ft available
      521 Wilshire Blvd, Oklahoma City, OK 73114
      View Details
    • $18 SF/Yr
      30,858 SF

      Oklahoma City Retail Center

      Prime Retail/Office Space Available
      0 104Th St, Oklahoma City, OK 73114
      View Details
    • $19 SF/Yr
      66,000 SF

      Oklahoma City Office Building

      Class A Office Space, 66,000 SF
      715 NE 122nd | Oklahoma City, OK 73114, Oklahoma City, OK 73114
      View Details
    • $19 SF/Yr
      1,920 SF

      Class A Office Building in Oklahoma City

      1,920 sq ft office space available for lease.
      12304 Market Drive | Oklahoma City, OK 73114, Oklahoma City, OK 73114
      View Details
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    Oklahoma City, OK 73114-8136
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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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