New search
Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Strip malls
1413 59th St, Oklahoma City, OK 73119-7211
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US69-0620528
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,097 SF
Lot
0.76 ac (33,236 SF)
APN
07-448-7850
UPID
US69-0620528
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
-
Paleteria Y Neveria El Bajio Bakery Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
Cao Family LLC · 8 yrs held
Cao Family LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$60 / 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
$6,831
Tax year 2023
Assessed value
$57,729
Assessed 2023
Previous assessed
$54,980
+5.0% YoY
Effective rate
11.83%
On assessed value
Assessed land
$9,241
Assessed improvement
$48,488
Land market value
$90,773
Improvement market value
$476,304
Total market value
$567,077
Applied tax rate
300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
7
Total area
11,097 SF
Lot
0.76 ac (33,236 SF)
APN
07-448-7850
UPID
US69-0620528
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
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
7
Lot
0.76 ac
Current owner
From public records · entity-resolved
Cao Family LLC
Entity
Mailing address
2609 W PARK PL, OKLAHOMA CITY, OK 73107-5433
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Feb 7, 2018
—
Cao Family LLC
Tu Van Cao
Intrafamily Transfer
related
$350,000 · Great Nations Bank
May 21, 2003
—
Ao,tr
Cao,tu V & Dinh K
Quit Claim Deed
related
—
Dec 10, 1998
$330,000
Hung V Huynh
Turfam LLC
Grant Deed
$280,500 · Quail Creek Bank
—
—
Vancao Tu Trust
—
Deed Of Trust
related
$329,600 · Canadian State Bank
—
—
Vancao Tu Living Trust
—
Deed Of Trust
related
$30,000 · Canadian St Bank Yukon Locati
—
—
Van,cao Tu Trust
—
Deed Of Trust
related
$301,648 · Bank Of Commerce
—
—
Tu V Cao
—
Deed Of Trust
related
$280,000 · Canadian State Bank
—
—
Vancao Tu Living Trust
—
Deed Of Trust
related
$329,600 · Canadian St Bank Yukon Locati
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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