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    15505 Pennsylvania Ave Edmond, OK 73013-2154
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    Property profile & analytics

    15505 Pennsylvania Ave, Edmond, OK 73013-2154

    View on Map
    • Warehouses
    • 71,178 SF
    • 4.14 lot acres
    Off-Market
    Last Sale Oct 18, 2021
    $3,744,000
    Property ID
    US69-1105272
    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.
    Value Estimations
    $3,770,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Life Storage - Edmond / Storage Facility
    • Oklahoma City Best Water Damage Cleanup / Fire Damage Restoration Service / Carpet Cleaning Service

    Property Details for 15505 Pennsylvania Ave

    Year built
    2017
    Lot size
    4.14 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    14-053-4000
    APU
    140534000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 18, 2021 — Life Storage LP Nitneil Edmond Storage LLC Quit Claim Deed · related —
    Aug 24, 2021 $3,744,000 Lifestorage LP Nitneil Edmond Storage LLC Special Warranty Deed —
    Aug 26, 2019 $3,050,000 Nitneil Edmond Storage LLC Global One Services LLC Warranty Deed $2.5M · Keybank USA
    Apr 4, 2019 — Global One Services LLC Global One Services LLC Quit Claim Deed · related —
    Mar 3, 2016 $679,000 Global One Services LLC Smith Norma J Trust Grant Deed —
    Mar 3, 2016 — Smith,norma J Trust Smith,norma J Quit Claim Deed · related —
    May 27, 2009 — Smith Norma J Trust Smith,norma J Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,140,000
      ML approach
      $4,005,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,210,000
      Market price range: $1.00M - $7.27M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,960,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5512
    Latitude
    35.6277
    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
    $49,028
    $69,477
    $342,453
    $411,930
    -
    $631,617
    $3,113,208
    $3,744,825

    Comparable in this City

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      148,368 SF

      14000 I 35th Frontage Rd

      MINI-WAREHOUSE, STORAGE
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    • Value Estimation
      $615,000
      39,600 SF

      309 Centennial Blvd

      MINI-WAREHOUSE, STORAGE
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    • Value Estimation
      $1,350,000
      69,663 SF

      14333 Santa Fe Ave

      MINI-WAREHOUSE, STORAGE
      14333 Santa Fe Ave, Edmond, OK 73013-2498
      View Details
    • Value Estimation
      $3,990,000
      72,680 SF

      3221 Memorial Rd

      MINI-WAREHOUSE, STORAGE
      3221 Memorial Rd, Edmond, OK 73013-7018
      View Details
    • Value Estimation
      $1,225,000
      63,795 SF

      3800 Kelly Ave

      MINI-WAREHOUSE, STORAGE
      3800 Kelly Ave, Edmond, OK 73013-3817
      View Details
    • Value Estimation
      $6,560,000
      67,900 SF

      3948 Broadway

      MINI-WAREHOUSE, STORAGE
      3948 Broadway, Edmond, OK 73013-4113
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,560 SF

      Industrial Property with Climate Control

      Small-bay industrial space with climate control and outside storage.
      14814 Bristol Park Blvd, Edmond, OK 73013
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      12,000 SF

      Edmond Industrial/Flex Building For Lease

      Industrial/flex building with office and warehouse space for lease.
      304 NE 145 Pl, Edmond, OK 73013
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      Office-Flex Property with Rear Yard

      Versatile office and open rear areas on E-3 zoning, with excess land for outdoor storage or expansion.
      700 W 18Th St, Edmond, OK 73013
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      Warehouses with Large Parking Lot

      Two warehouses with overhead doors, heated, cooled, and visible signage.
      16201 Ironstone Dr, Edmond, OK 73013
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      6,000 SF

      Santa Fe Crossings Flex Space

      Flex space in Santa Fe Crossings Business Park.
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    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Edmond Industrial/Flex Building For Rent

      Industrial/flex building in Edmond with office and warehouse space.
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      View Details
    • Contact for pricing

      Adaptable Office Warehouse Space Available

      Flexible office/warehouse space for rent in Edmond, Oklahoma.
      7304 NW 164Th St, Edmond, OK 73013
      View Details
    • Contact for pricing
      2,600 SF

      Industrial Unit with Climate-Controlled Office

      Industrial unit featuring climate-controlled office and heated warehouse space.
      14900 Bristol Park Blvd, Edmond, OK 73013
      View Details
    • $8 SF/Yr

      Available Warehouse with Dock Doors

      12,000 SF warehouse featuring multiple grade and dock doors.
      200 NW 142Nd St, Edmond, OK 73013
      View Details
    • Contact for pricing

      Flex Space with Office, Warehouse

      3,200 SF flex space with office and warehouse.
      604 W 18Th St, Edmond, OK 73013
      View Details
    • Contact for pricing

      Versatile Flex Space For Rent

      3,200 SF flex space with office and warehouse areas.
      600 W 18Th St, Edmond, OK 73013
      View Details
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    Edmond, OK 73013-2154
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    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
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