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Property profile & analytics
OFF-MARKET
Estimated value
$6,545,000
Warehouses
15200 May Ave Oklahoma City, OK
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-2363224
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
STEEL FRAME
Total area
84,860 SF
Lot
4.32 ac (188,223 SF)
APN
14-053-6805
UPID
US69-2363224
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
by Request
Blend (final)
Blend
$6.55M
Owner & transaction history
May-150 LLC · 7 yrs held
May-150 LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.9M
+86.0%
Retail stores
$10.5M
+79.0%
Neighborhood: shopping center
$9.6M
+64.4%
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
WAREHOUSE, STORAGE
$5,855,000
Current use
OFFICE BUILDING
$10,890,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$10,475,000
Change: +79% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$9,620,000
Change: +64% · Conversion: Moderate
Blend value · Realmo final
$6.55M
Range $5.89M – $7.20M · ±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
$77 / 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
$43,078
Tax year 2023
Assessed value
$361,939
Assessed 2023
Previous assessed
$344,703
+5.0% YoY
Effective rate
11.90%
On assessed value
Assessed land
$18,781
Assessed improvement
$343,158
Land market value
$197,200
Improvement market value
$3,603,200
Total market value
$3,800,400
Applied tax rate
212.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
435
Total area
84,860 SF
Lot
4.32 ac (188,223 SF)
APN
14-053-6805
UPID
US69-2363224
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
WAREHOUSE, STORAGE Current
Est. value
$5.9M
OFFICE BUILDING
Est. value
$10.9M
RETAIL STORES
Est. value
$10.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
435
Lot
4.32 ac
Current owner
From public records · entity-resolved
May-150 LLC
Entity
Mailing address
6890 S 2399TH E, SALT LAKE CITY, UT 84171
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2019
—
May-150 LLC
Quail Springs Automotive LLC
Correction Deed
related
—
—
—
May-150 LLC
—
Loan Modification
related
$2,000,000 · Bancfirst
—
—
May 150 LLC
—
Deed Of Trust
related
$7,800,000 · Tiaa Fsb
—
—
May-150 LLC
—
Loan Modification
related
$3,939,651 · Prosperity Bank
—
—
May-150 LLC
—
Deed Of Trust
related
$2,900,000 · Coppermark Bank
—
—
May-150 LLC
—
Deed Of Trust
related
$2,200,000 · 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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