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Property profile & analytics
FOR LEASE
Strip malls
14900 S Western Ave, Oklahoma City, OK 73170
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-0426464
For Lease
1 / 4
$2,935,000
14900 S Western Ave, Oklahoma City, OK 73170
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Construction
STEEL FRAME
Total area
14,880 SF
Lot
2 ac (87,120 SF)
Zoning code
ZN AA
APN
OCC2 10 3W 21023
UPID
US69-0426464
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
-
Farmers Insurance - Adam Nowlin Insurance Agency
-
Ashli McKinley: Allstate Insurance Insurance Agency
-
Allstate Insurance Agent: Stephen McKinley Insurance Agency
-
Lotus Gold Cannabis Co. (Bike/Boat/Book/etc) Store
-
The OKC Barberdoll Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$2.94M
Owner & transaction history
Colonial Western LLC · 3 yrs held
Colonial Western LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
ZN AA · Oklahoma City, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+151.8%
Medical building
$2.3M
+37.7%
Auto repair, garage
$2.2M
+31.2%
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
$2,935,000
ML approach
$2,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,245,000
Change: +152% · Conversion: Difficult
MEDICAL BUILDING
$2,325,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,210,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,105,000
Change: +25% · Conversion: Easy
OFFICE BUILDING
$1,910,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$1,835,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$2.94M
Range $2.64M – $3.23M · ±10% · vs last sale $3.00M (Nov 7 2022)
Last sale anchor
$3.00M
Nov 7 2022
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
$197 / 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
$44,014
Tax year 2023
Assessed value
$360,000
Assessed 2023
Previous assessed
$207,009
+73.9% YoY
Effective rate
12.23%
On assessed value
Assessed land
$156,894
Assessed improvement
$203,106
Land market value
$1,307,453
Improvement market value
$1,692,547
Total market value
$3,000,000
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
2017
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
14,880 SF
Lot
2 ac (87,120 SF)
Zoning code
ZN AA
APN
OCC2 10 3W 21023
UPID
US69-0426464
Jurisdiction
CLEVELAND
Zoning & alternative use
ZN AA · Oklahoma City, OK
Zoning ZN AA · permitted uses
ZN AA · Oklahoma City, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oklahoma City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
RESTAURANT
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
2017
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Colonial Western LLC
Entity
Mailing address
7605 DORSET DR, NICHOLS HILLS, OK 73116-4101
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$3,000,000
Colonial Western LLC
49west Center LLC
Special Warranty Deed
$1,517,225 · Citizens Bank Of Edmond
Mar 12, 2021
—
49 West Center LLC
—
Deed
related
$500,000 · Hunter Miller Family LLC
Jan 14, 2020
—
49west Center LLC
—
Deed
related
$2,244,000 · First St Bk
Jan 23, 2019
—
49west Center LLC
—
Deed
related
$2,208,000 · Central Bk/ok
Aug 16, 2016
—
49west Center LLC
—
Trustees Deed
related
$1,900,000 · Republic Bk&tr
Jun 17, 2016
$430,000
49west Center LLC
Mccarty,darenda K
Warranty Deed
$245,000 · Republic Bk&tr
Jun 17, 2016
—
49west Center LLC
Mccarty,michael K
Quit Claim Deed
related
—
—
—
49west Center LLC
—
Deed Of Trust
related
$2,208,000 · Central Bk/ok
—
—
49west Center LLC
—
Deed Of Trust
related
$2,244,000 · First St Bk
—
—
Michael K Mccarty
—
Deed Of Trust
related
$201,223 · Bancfirst
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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