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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Medical Office Space
1400 Covell Rd Edmond, OK 73003-3504
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0553092
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
WOOD FRAME
Total area
4,259 SF
Lot
0.74 ac (32,365 SF)
APN
21-465-1000
UPID
US69-0553092
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
-
Yes ApplianceRepair Home Appliance Store
-
Damon R. Johnson DDS Dental Excellence Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$640k
Owner & transaction history
Tb Holdings LLC · 4 yrs held
Tb Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+28.4%
Retail stores
$855,000
+5.1%
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 Edmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edmond 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%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$815,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,045,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$855,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: -13% · Conversion: Easy
AUTO REPAIR, GARAGE
$670,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$150 / 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
$10,882
Tax year 2023
Assessed value
$104,394
Assessed 2023
Previous assessed
$104,394
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$42,721
Assessed improvement
$61,673
Land market value
$388,380
Improvement market value
$560,660
Total market value
$949,040
Applied tax rate
512.0000
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
2008
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Total area
4,259 SF
Lot
0.74 ac (32,365 SF)
APN
21-465-1000
UPID
US69-0553092
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 Current
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$670,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2008
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Tb Holdings LLC
Entity
Mailing address
1400 W COVELL RD, EDMOND, OK 73003-3504
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2025
—
Clifford Investments LLC
—
Deed
related
$783,789 · Vision Bank
Mar 20, 2024
—
Dental Development LLC
—
Deed
related
$373,172 · Persons Banking Company
Feb 8, 2022
$92,189
Tb Holdings LLC
Julie Graham
Sheriffs Deed
related
$1,273,883 · Persons Banking Company
Mar 26, 2020
—
Dental Dev LLC
—
Deed
related
$1,104,126 · First Liberty Bk
Sep 11, 2018
—
Dental Dev LLC
—
Deed
related
$250,000 · First Liberty Bk
Jul 13, 2018
—
Dental Dev LLC
—
Deed
related
$150,000 · First Liberty Bk
Jul 18, 2017
—
Dental Dev LLC
—
Deed
related
$100,000 · First Liberty Bk
Oct 6, 2016
—
Dental Dev LLC
—
Trustees Deed
related
$150,000 · First Liberty Bk
Oct 4, 2016
—
Dental Dev LLC
—
Deed
related
$828,570 · First Liberty Bk
Jun 20, 2008
—
Clifford Investments LLC
Dental Dev LLC
Quit Claim Deed
related
—
Mar 31, 2008
—
Dental Dev LLC
—
Trustees Deed
related
$975,682 · Exchange Bk
Jan 11, 2007
$585,000
Dental Dev LLC
Covell Property Dev LLC
Warranty Deed
$750,000 · Exchange Bk
—
—
Dental Dev LLC
—
Deed Of Trust
related
$828,570 · First Liberty Bk
—
—
Dental Dev LLC
—
Deed Of Trust
related
$100,000 · Citizens Bk/edmond
—
—
Dental Dev LLC
—
Loan Modification
related
$150,000 · First Liberty Bk
—
—
Dental Dev LLC
—
Loan Modification
related
$250,000 · First Liberty Bk
—
—
Dental Dev LLC
—
Loan Modification
related
$100,000 · First Liberty Bk
—
—
Dental Dev LLC
—
Loan Modification
related
$1,239,582 · Prime Bk
—
—
Dental Dev LLC
—
Deed Of Trust
related
$967,956 · Bancfirst
—
—
Damon Johnson Dds PC
—
Deed Of Trust
related
$967,956 · Bancfirst
—
—
Dental Dev LLC
—
Deed Of Trust
related
$1,147,500 · Bancfirst
—
—
Dental Dev LLC
—
Deed Of Trust
related
$1,211,035 · Citizens Bk/edmond
—
—
Dental Dev LLC
—
Loan Modification
related
$1,104,126 · First Liberty Bk
—
—
Dental Dev LLC
—
Loan Modification
related
$100,000 · 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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