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Property profile & analytics
OFF-MARKET
Strip malls
1528 23rd St, Oklahoma City, OK 73111-3260
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-2261618
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Construction
STONE
Total area
8,150 SF
Lot
0.59 ac (25,483 SF)
APN
03-187-1040
UPID
US69-2261618
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
-
Touch 1140 AM Radio Station Telecommunications Service
-
Power Jam Radio Station Telecommunications Service
-
KVSP Radio Station Telecommunications Service
-
Black Chronicle Newspaper Publishing House Newspaper & Magazine
-
Perry Publishing & Broadcasting Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Velvet INC · 3 yrs held
Velvet INC
since 2023
5 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,149
Tax year 2023
Assessed value
$33,780
Assessed 2023
Previous assessed
$32,172
+5.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$5,021
Assessed improvement
$28,759
Land market value
$61,909
Improvement market value
$354,573
Total market value
$416,482
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1960
Construction
STONE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
8,150 SF
Lot
0.59 ac (25,483 SF)
APN
03-187-1040
UPID
US69-2261618
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
Building & site characteristics
From public records
Year built
1960
Construction
STONE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Velvet INC
Entity
Mailing address
1457 NE 23RD ST, OKLAHOMA CITY, OK 73111-3084
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2023
—
Velvet INC
Russell M Perry
Warranty Deed
$2,326,122 · First Security Bank & Trust Co
Dec 27, 2018
—
Russell M Perry
—
Deed
related
$1,819,972 · First St Bk
Jan 30, 2017
—
Russell M Perry
—
Deed
related
$1,919,440 · First St Bk
—
—
Russell M Perry
—
Loan Modification
related
$1,819,972 · First St Bk
—
—
Russell M Perry
—
Deed Of Trust
related
$1,919,440 · First St 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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