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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Medical Office Space
1600 Medical Ctr Dr Edmond, OK 73034-6357
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US69-0043698
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
BRICK
Total area
5,069 SF
Lot
1 ac (43,734 SF)
APN
18-923-2020
UPID
US69-0043698
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
-
Edmond Laser Institute Medical Clinic
-
Draelos Matthew T MD Physician
-
Draelos Metabolic Center Physician
-
General & Pheripheral Vascular Medical Clinic Hospital
-
Courtney Tyner Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$890k
Blend (final)
Blend
$645k
Owner & transaction history
1600 Medical Center LLC · 9 yrs held
1600 Medical Center LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+5.1%
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 Edmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edmond 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%
$875,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$965,000
Current use
RETAIL STORES
$1,015,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$925,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$800,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$127 / 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
$9,007
Tax year 2023
Assessed value
$86,409
Assessed 2023
Previous assessed
$86,409
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$19,250
Assessed improvement
$67,159
Land market value
$175,000
Improvement market value
$610,540
Total market value
$785,540
Applied tax rate
512.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Total area
5,069 SF
Lot
1 ac (43,734 SF)
APN
18-923-2020
UPID
US69-0043698
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
MEDICAL BUILDING Current
Est. value
$965,000
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$800,000
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1997
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
1600 Medical Center LLC
Entity
Mailing address
1600 MEDICAL CTR DR, EDMOND, OK 73034-6357
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Jun 8, 2021
—
1600 Medical Center LLC
—
Deed
related
$637,500 · Prosperity Bank
Jan 4, 2018
—
1600 Medical Center LLC
—
Deed
related
$735,278 · Prime Bk
May 26, 2017
$675,000
1600 Medical Center LLC
Laura Lee Sandmann
Warranty Deed
$540,000 · Valliance Bank
Sep 1, 2006
$590,000
Henry J Fam Living Pearce
S Adibi Dds INC
Warranty Deed
$636,085 · Kirkpatrick Bank
—
—
Pearce,henry J Trust
—
Deed Of Trust
related
$594,350 · First Com'l Bk
—
—
Pearce,henry J Trust
—
Deed Of Trust
related
$594,350 · First Com'l Bk
—
—
Henry J Fam Living Pearce
—
Deed Of Trust
related
$694,021 · Kirkpatrick Bank
—
—
Henry J Fam Living Pearce
—
Deed Of Trust
related
$50,000 · Kirkpatrick Bank
—
—
1600 Medical Center LLC
—
Deed Of Trust
related
$735,278 · Prime Bk
—
—
S Adibi Dds INC
—
Deed Of Trust
related
$500,000 · Commercial Federal Bank
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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