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Property profile & analytics
FOR LEASE
Strip malls
1489 E 15Th St Edmond, OK 73034
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0476785
For Lease
1 / 3
$28 SF/Yr
1489 E 15Th St, Edmond, OK 73034
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,713 SF
Lot
6.58 ac (286,799 SF)
APN
20-684-1000
UPID
US69-0476785
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
-
Spring Creek Business Service Center Corporate Office
-
Dirty Dough Cookies - Edmond (Bike/Boat/Book/etc) Store Bakery
-
Starbucks Cafe & Coffee Shop
-
Marcy & Abbey's Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.13M
Owner & transaction history
Fae Holdings 414356r LLC · 13 yrs held
Fae Holdings 414356r LLC
since 2012
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 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%
$5,910,000
6.5%
$5,455,000
7%
$5,065,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,260,000
Current use
RETAIL STORES
$6,755,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$5.13M
Range $4.62M – $5.64M · ±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
$152 / 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
$142,183
Tax year 2023
Assessed value
$1,363,999
Assessed 2023
Previous assessed
$1,364,000
0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$252,387
Assessed improvement
$1,111,612
Land market value
$2,294,432
Improvement market value
$10,105,566
Total market value
$12,399,998
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
14
Total area
33,713 SF
Lot
6.58 ac (286,799 SF)
APN
20-684-1000
UPID
US69-0476785
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
$8.3M
RETAIL STORES
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
4
Units
14
Lot
6.58 ac
Current owner
From public records · entity-resolved
Fae Holdings 414356r LLC
Entity
Mailing address
300 VIS LN, EDMOND, OK 73034-8939
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
—
Spring Creek LLC
—
Deed
related
$10,500 · Kirkpatrick Bank
Aug 10, 2020
—
Spring Creek LLC
—
Deed
related
$14,800,000 · Rcb Bk
Jul 17, 2020
—
Spring Creek LLC
—
Deed
related
$14,800,000 · Rcb Bk
May 20, 2016
—
Spring Creek LLC
—
Deed
related
$2,291,000 · Kirkpatrick Bk
Apr 22, 2015
—
Spring Creek LLC
—
Deed Of Trust
related
$5,328,000 · Kirkpatrick Bk
Dec 27, 2012
$18,500,000
Fae Holdings 414356r LLC
Ballenger Brothers LLC
Grant Deed
related
$14,800,000 · Rcb Bank
Jun 14, 2007
—
Ballenger Brothers LLC
—
Trustees Deed
related
$1,020,000 · Coppermark Bank
—
—
Ballenger Brothers LLC
—
Deed Of Trust
related
$6,160,000 · Coppermark Bank
—
—
Ballenger Brothers LLC
—
Deed Of Trust
related
$506,000 · Coppermark Bank
—
—
Spring Creek LLC
—
Loan Modification
related
$2,291,000 · Kirkpatrick Bk
—
—
Spring Creek LLC
—
Loan Modification
related
$14,800,000 · Rcb Bk
—
—
Spring Creek LLC
—
Loan Modification
related
$14,800,000 · Rcb Bk
—
—
Ballenger Brothers LLC
—
Deed Of Trust
related
$2,502,000 · Coppermark Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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