Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1349 Reno Ave Oklahoma City, OK 73106-3207

    • Commercial land
    • 6,252 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2023
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0091696
    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

    • Commercial land

    Property Details for 1349 Reno Ave

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.57 lot acres
    Property size
    6,252 SF
    Property type
    Commercial land
    APN
    01-432-8500
    APU
    14328500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $849,000
      Market price range: $394k - $1.39M
      AI Estimate
      $761,000
      Market price range: $328k - $1.26M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $860,000
      Current use
      MEDICAL BUILDING
      $975,000
      Change: +13% Conversion: Easy
      AUTO REPAIR, GARAGE
      $930,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $800,000
      Change: -7% Conversion: Easy
      RETAIL STORES
      $770,000
      Change: -10% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $710,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5372
    Latitude
    35.4651
    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
    $4,841
    $39,417
    $0.00
    $39,417
    -
    $358,339
    $0.00
    $358,339

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      1728 Linwood Blvd

      VACANT COMMERCIAL LAND • 0.15 Acres
      1728 Linwood Blvd, Oklahoma City, OK 73106-5034
      View Details
    • Value Estimation by Request
      0.11 Acres

      1311 Linwood Blvd

      VACANT COMMERCIAL LAND • 0.11 Acres
      1311 Linwood Blvd, Oklahoma City, OK 73106-7025
      View Details
    • Value Estimation by Request
      0.15 Acres

      1309 Linwood Blvd

      VACANT COMMERCIAL LAND • 0.15 Acres
      1309 Linwood Blvd, Oklahoma City, OK 73106-7025
      View Details
    • Value Estimation by Request
      0.16 Acres

      1816 2nd St

      VACANT COMMERCIAL LAND • 0.16 Acres
      1816 2nd St, Oklahoma City, OK 73106-2826
      View Details
    • Value Estimation by Request
      0.16 Acres

      918 10th St

      VACANT COMMERCIAL LAND • 0.16 Acres
      918 10th St, Oklahoma City, OK 73106-7220
      View Details
    • Value Estimation by Request
      0.12 Acres

      1820 2nd St

      VACANT COMMERCIAL LAND • 0.12 Acres
      1820 2nd St, Oklahoma City, OK 73106-2826
      View Details

    Similar Nearby for Sale

    • $120,000

      Commercial Land For Sale

      0.32 acres of commercial land available for sale.
      1812 NW 2Nd St, Oklahoma City, OK 73106
      View Details
    • Contact for pricing
      41,875 SF

      Land Near Integris Medical Center

      Commercial land adjacent to Integris Southwest Medical Center.
      3729 S Western Ave, Oklahoma City, OK 73106
      View Details
    • $1,050,667

      Land Available in Oklahoma City

      Land with utilities in Oklahoma City, Moore School System.
      149th S Western Ave, Oklahoma City, OK 73106
      View Details
    • $450,000
      Pending

      Downtown OKC Quarter Acre Lot

      Quarter acre lot in revitalizing Downtown Oklahoma City, Oklahoma.
      828 NW 6Th St, Oklahoma City, OK 73106
      View Details
    • $675,000
      1 SF

      Prime Land West of Downtown

      1.03 acres zoned I-2, near downtown OKC.
      1310 W Reno Ave, Oklahoma City, OK 73106
      View Details
    • $315,000
      Pending

      Downtown OKC Land Opportunity

      Prime downtown lot for residential or commercial development.
      809 NW 7Th St, Oklahoma City, OK 73106
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,300 SF

      Retail Suite on S. Western

      Retail space with high visibility and quality finishes.
      8605 S Western Ave, Oklahoma City, OK 73106
      View Details
    • $20 SF/Yr
      820 SF

      Retail Space in Farmers Market

      Unique retail space in Oklahoma City's Farmers Market District.
      211-219 S Klein Ave, Oklahoma City, OK 73106
      View Details
    • $550 /Mo
      225 SF

      Single Room Office Space

      Single room office space for rent with large window.
      4001 N Classen Blvd, Oklahoma City, OK 73106
      View Details
    • $16 SF/Yr
      10,594 SF

      Retail Space with High Visibility

      Retail space in a busy corridor with ample parking.
      9001 S Western Ave, Oklahoma City, OK 73106
      View Details
    • $1,500 /Mo
      2,928 SF

      Oklahoma City Multi-Use Building

      Versatile 2,928 SF building, ideal for various uses.
      1245 N.W. 2nd Street, Oklahoma City, OK 73106
      View Details
    • $10 SF/Yr
      3,768 SF

      Oklahoma City Retail Building

      Prime Retail Space - Sale or Lease
      1304 N.W. 23rd Street, Oklahoma City, OK 73106
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1349 Reno Ave
    Oklahoma City, OK 73106-3207
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.