Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15200 May Ave Oklahoma City, OK

    • Warehouses
    • 84,860 SF
    • 4.32 lot acres
    OFF-MARKET
    Value Estimations
    $6,545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2363224
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 15200 May Ave

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    4.32 lot acres
    Property size
    84,860 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    14-053-6805
    APU
    140536805

    Value Estimations

    based on Realmo’s proprietary methodology

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5656
    Latitude
    35.6248
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $43,078
    $18,781
    $343,158
    $361,939
    -
    $197,200
    $3,603,200
    $3,800,400

    Comparable in this City

    • Value Estimation
      $610,000
      7,500 SF

      Highway

      MINI-WAREHOUSE, STORAGE • 7,500 SF
      Highway, 20, OK
      View Details
    • Value Estimation by Request
      12,600 SF

      799 Highway

      MINI-WAREHOUSE, STORAGE • 12,600 SF
      799 Highway, 44, OK
      View Details
    • Value Estimation
      $5,090,000
      64,050 SF

      19115 Western Ave

      MINI-WAREHOUSE, STORAGE • 64,050 SF
      19115 Western Ave, Oklahoma City, OK
      View Details
    • Value Estimation
      $760,000
      10,250 SF

      Highway

      MINI-WAREHOUSE, STORAGE • 10,250 SF
      Highway, 20, OK
      View Details
    • Value Estimation by Request
      3,000 SF

      Main, OK

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      Main, OK
      View Details
    • Value Estimation
      $3,415,000
      41,930 SF

      1400 164th St

      MINI-WAREHOUSE, STORAGE • 41,930 SF
      1400 164th St, Oklahoma City, OK
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,330 SF

      21,330 SF Industrial Property

      Industrial property with climate-controlled spaces and highway access.
      5133 S 100 Ave E, Tulsa, OK
      View Details
    • Contact for pricing

      Industrial Portfolio For Sale

      Industrial portfolio featuring buildings and land in multiple states.
      212 E1050 Rd, El Reno, OK
      View Details
    • $5,950,000
      29,716 SF

      Oklahoma City Commercial Property For Sale

      29,716 SF commercial property with 3.8-acre paved lot.
      1030 W I-240, Oklahoma City, OK
      View Details
    • Contact for pricing
      17,400 SF

      Industrial Warehouse with Office Space

      Spacious warehouse with office, grow facility setup on 9 acres.
      801 W Oklahoma Ave, Fairview, OK
      View Details
    • Contact for pricing
      5,200 SF

      Weatherford Industrial/Flex Space Opportunity

      5,200 SF industrial/flex building in Weatherford, Oklahoma for sale.
      10121 Ok-54, Weatherford, OK
      View Details
    • Contact for pricing
      6,900 SF

      New Warehouse with Office Space

      6900 Sq Ft new warehouse with office and shop.
      13441 Us Hwy, Arnett, OK
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Glenpool Flex Warehouse Space

      Flex warehouse space with office and overhead doors for lease.
      14060 S Peoria Ave E, Glenpool, OK
      View Details
    • $5 SF/Yr
      8,338 SF

      Tulsa Flex Space Available

      8,338 SF flex space with highway frontage for lease.
      3621 S 73 Ave E, Tulsa, OK
      View Details
    • Contact for pricing
      11,840 SF

      Oklahoma City Warehouse Space Available

      11,840 square foot warehouse space for lease in Oklahoma City.
      4720 United Dr, Oklahoma City, OK
      View Details
    • Contact for pricing
      2,700 SF

      Flex Space with Highway Access

      Flex space with office, warehouse, and highway accessibility.
      5125 S 110 Ave E, Tulsa, OK
      View Details
    • Contact for pricing
      1,500 SF

      Industrial Warehouse Space Available

      1500 SF warehouse with convenient highway access for lease.
      5616 S 122 Ave E, Tulsa, OK
      View Details
    • Contact for pricing
      4,968 SF

      Industrial Warehouse Space Available

      Industrial warehouse with dock high and grading level loading.
      5634 S 122 Ave E, Tulsa, OK
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15200 May Ave
    Oklahoma City, OK
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!