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Property profile & analytics
OFF-MARKET
Estimated value
$6,195,000
Assisted living facilities
1601 119th St Oklahoma City, OK 73170-4902
Entity Owned
1-yr Hold
Free & Clear
Property ID
US69-0300263
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1997
Construction
WOOD FRAME
Total area
45,967 SF
Lot
4.95 ac (215,622 SF)
APN
OCC2 10 3W 8030
UPID
US69-0300263
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
-
Sommerset Neighborhood Assisted Living & Memory Care Nursing Home Retirement Community
-
Sommerset assisted Living Omc.Okla Nursing Home Retirement Community
-
Kimberly Fletcher Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.58M
Blend (final)
Blend
$6.20M
Owner & transaction history
1601 Sw 119th St LLC · 1 yrs held
1601 Sw 119th St LLC
since 2025
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.2M
+49.0%
Auto repair, garage
$6.8M
+41.9%
Commercial (general)
$6.5M
+35.0%
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$4,815,000
Current use
MEDICAL BUILDING
$7,175,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,835,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,500,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$5,900,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$5,675,000
Change: +18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,210,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$6.20M
Range $5.58M – $6.81M · ±10% · vs last sale $6.00M (Mar 5 2025)
Last sale anchor
$6.00M
Mar 5 2025
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
$135 / 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
$161,970
Tax year 2023
Assessed value
$1,324,800
Assessed 2023
Previous assessed
$1,324,800
+0.0% YoY
Effective rate
12.23%
On assessed value
Assessed land
$103,590
Assessed improvement
$1,221,210
Land market value
$863,254
Improvement market value
$10,176,746
Total market value
$11,040,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
126
Total area
45,967 SF
Lot
4.95 ac (215,622 SF)
APN
OCC2 10 3W 8030
UPID
US69-0300263
Jurisdiction
CLEVELAND
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.5M
OFFICE BUILDING
Est. value
$5.9M
RETAIL STORES
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1997
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
126
Lot
4.95 ac
Current owner
From public records · entity-resolved
1601 Sw 119th St LLC
Entity
Free & Clear · 1 yrs held
Mailing address
10701 MONTGOMERY BLVD NE STE F, ALBUQUERQUE, NM 87111-3800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
—
1601 Sw 119th St LLC
—
Deed
related
$8,500,000 · Mabrey Bank
Jun 5, 2025
$6,000,000
1601 Sw 119th St LLC
Sommerset Neighborhood Incorporated
Special Warranty Deed
—
Jun 27, 2017
$292,500
Sommerset Neighborhood INC
Bokf NA
Grant Deed
—
Aug 13, 2015
$12,000,000
Sommerset Neighborhood LLC
Sommerset Assisted Living Resi
Warranty Deed
related
$15,370,000 · Bokf NA
Feb 17, 2006
—
Assisted Living Resi Sommerset
—
Trustees Deed
related
$200,000 · Arvest Bank
—
—
Assisted Living Resi Sommerset
—
Loan Modification
related
—
—
—
Assisted Living Resi Sommerset
—
Deed Of Trust
related
$6,674,000 · Citizens Bank & Trust Co
—
—
Assisted Living Resi Sommerset
—
Deed Of Trust
related
$4,387,600 · Citizens Bank & Trust Co
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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