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Property profile & analytics
OFF-MARKET
Estimated value
$30,055,000
Strip malls
1453 I 240th Service Rd Oklahoma City, OK 73159-4145
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0398755
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
214,614 SF
Lot
18.8 ac (818,754 SF)
APN
09-910-1010
UPID
US69-0398755
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$38.57M
Blend (final)
Blend
$30.06M
Owner & transaction history
G & I Viii Rcg Penn Park LLC · 9 yrs held
G & I Viii Rcg Penn Park LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$33.5M
+37.7%
Auto repair, garage
$31.9M
+31.2%
Commercial (general)
$30.4M
+24.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$24,325,000
Current use
MEDICAL BUILDING
$33,505,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$31,910,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$30,350,000
Change: +25% · Conversion: Easy
OFFICE BUILDING
$27,535,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$26,490,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$30.06M
Range $27.05M – $33.06M · ±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
$140 / 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
$470,062
Tax year 2023
Assessed value
$3,972,470
Assessed 2023
Previous assessed
$2,517,354
+57.8% YoY
Effective rate
11.83%
On assessed value
Assessed land
$392,828
Assessed improvement
$3,579,642
Land market value
$3,571,164
Improvement market value
$32,542,201
Total market value
$36,113,365
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
12
Total area
214,614 SF
Lot
18.8 ac (818,754 SF)
APN
09-910-1010
UPID
US69-0398755
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$24.3M
MEDICAL BUILDING
Est. value
$33.5M
AUTO REPAIR, GARAGE
Est. value
$31.9M
COMMERCIAL (GENERAL)
Est. value
$30.4M
OFFICE BUILDING
Est. value
$27.5M
RETAIL STORES
Est. value
$26.5M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
12
Lot
18.8 ac
Current owner
From public records · entity-resolved
G & I Viii Rcg Penn Park LLC
Entity
Mailing address
3000 W MEMORIAL RD STE #225, OKLAHOMA CITY, OK 73120-6103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Nov 28, 2018
—
Charlestons-s Okc LLC
—
Deed
related
$47,000,000 · Intrust Bk
Feb 6, 2017
$29,050,000
G & I Viii Rcg Penn Park LLC
Ia Oklahoma City Penn LLC
Trustees Deed
$20,650,000 · Wells Fargo Bk
Oct 18, 2007
$40,000,000
Inland American Oklahoma City
Penn Park Sorrento LLC
Grant Deed
—
Apr 13, 2005
—
Penn Park Sorrento LLC
Apache-hc LLC
Grant Deed
$23,500,000 · F & M Bank & Trust Co
Dec 17, 2004
—
Apache-hc LLC
—
Trustees Deed
related
$1,100,000 · F & M Bank & Trust Co
Nov 3, 2004
$3,959,500
Apache-hc LLC
Burk Collins & Co INC
Grant Deed
$1,400,000 · F & M Bank & Trust Co
Aug 30, 2004
$3,700,000
Burk Collins & Co INC
Wal-mart Realty
Grant Deed
$3,065,000 · F & M Bank & Trust Co
—
—
Charlestons-s Okc LLC
—
Deed Of Trust
related
$47,000,000 · Intrust Bk
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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