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

    1401 Kelly Ave Edmond, OK 73003-5860

    • Individual retail properties
    • 2,600 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0633459
    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

    • Tinker Federal Credit Union (City of Edmond - Mask Mandate) / Bank / Credit Union
    • Tinker Federal Credit Union / Credit Union / Bank
    • Green cleaners / Dry Cleaner
    • Dunkin donuts / Coffee Shop
    • Marrit's Alterations / Clothing Alteration Service

    Property Details for 1401 Kelly Ave

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.99 lot acres
    Property size
    2,600 SF
    Property type
    Individual retail properties
    APN
    18-255-5030
    APU
    182555030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $275,000
      Market price range: $136k - $276k

    • Alternative Use

      Use
      Estimation
      LAUNDROMAT (SELF-SERVICE)
      $205,000
      Current use
      COMMERCIAL (GENERAL)
      $365,000
      Change: +77% Conversion: Difficult
      MEDICAL BUILDING
      $280,000
      Change: +35% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $230,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $205,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4965
    Latitude
    35.6393
    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
    $5,594
    $16,737
    $36,931
    $53,668
    -
    $152,162
    $335,730
    $487,892

    Comparable in this City

    • Value Estimation
      $285,000
      5,344 SF

      1251 Fretz Ave

      BARBER, HAIR SALON • 5,344 SF
      1251 Fretz Ave, Edmond, OK 73003-5795
      View Details
    • Value Estimation by Request
      16,000 SF

      711 Kelly Ave

      GYM, HEALTH SPA • 16,000 SF
      711 Kelly Ave, Edmond, OK 73003-5638
      View Details
    • Value Estimation
      $180,000
      7,457 SF

      117 Sonic Dr

      GYM, HEALTH SPA • 7,457 SF
      117 Sonic Dr, Edmond, OK 73003-2355
      View Details
    • Value Estimation
      $1,000,000
      4,000 SF

      1151 Santa Fe Ave

      LAUNDROMAT (SELF-SERVICE) • 4,000 SF
      1151 Santa Fe Ave, Edmond, OK 73003-4340
      View Details
    • Value Estimation
      $855,000
      37,195 SF

      2121 Danforth Rd

      GYM, HEALTH SPA • 37,195 SF
      2121 Danforth Rd, Edmond, OK 73003-4683
      View Details
    • Value Estimation
      $465,000
      9,930 SF

      725 Covell Rd

      FINANCIAL BUILDING • 9,930 SF
      725 Covell Rd, Edmond, OK 73003-2348
      View Details

    Similar Nearby for Sale

    • $7,864,034
      74,412 SF

      Edmond Retail Center - High NOI

      Multi-Tenant Restaurant Complex, Excellent ROI
      730 Danforth Rd, Edmond, OK 73003
      View Details
    • $995,000
      5,118 SF

      Edmond Restaurant with Drive-Thru

      Restaurant with drive-thru, full bar, and outdoor seating for sale.
      1801 W Edmond Rd, Edmond, OK 73003
      View Details
    • $3,000,000
      20.00 Acres

      Edmond Commercial Land - 40 Acres

      Prime Edmond development land, ideal for mixed-use projects.
      2nd St, Edmond, OK 73003
      View Details
    • $1,200,000

      Commercial Land Redevelopment Opportunity

      Commercial land available for redevelopment in Edmond, Oklahoma.
      800 S Santa Fe Ave, Edmond, OK 73003
      View Details
    • $699,000
      3,294 SF

      Move-in Ready Garden Style Office

      Garden style office space with modern interior finishes and parking.
      708 N Santa Fe Ave, Edmond, OK 73003
      View Details
    • $334,900
      1,859 SF

      Urban Home with Rooftop Terrace

      Bright, modern 2-bedroom home near downtown Edmond with rooftop hot tub.
      479 S Fretz Ave, Edmond, OK 73003
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      2,000 SF

      Edmond Retail Space: 2,000 SF

      High-visibility Edmond retail suite, ample parking.
      201-285 S. Santa Fe Avenue, Edmond, OK 73003
      View Details
    • $18 SF/Yr
      1,700 SF

      Retail Space in Kickingbird Square

      Retail space for lease in a busy Edmond shopping center.
      1215-1417 E Danforth Rd, Edmond, OK 73003
      View Details
    • $22 SF/Yr
      1,855 SF

      Retail Space with Drive-Thru Potential

      Retail spaces available with drive-thru and build-out options.
      1444 N Kelly Ave, Edmond, OK 73003
      View Details
    • $12 SF/Yr
      3,000 SF

      Retail Space in Edmond, OK

      Retail space for lease with high traffic volume.
      210 W Edmond Rd, Edmond, OK 73003
      View Details
    • $15 SF/Yr
      1,600 SF

      Retail Space in Busy Corridor

      Retail space in a busy corridor with strong demographics.
      822 W Edmond Rd, Edmond, OK 73003
      View Details
    • $15 SF/Yr
      2,903 SF

      Retail Space in Busy Corridor

      Retail space in a busy, visible, and demographically strong area.
      320-836 W Edmond Rd, Edmond, OK 73003
      View Details
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    1401 Kelly Ave
    Edmond, OK 73003-5860
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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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