Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1605 2nd St Edmond, OK 73034-6404

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    1605 2nd St Edmond, OK 73034-6404

    View on Map
    • Commercial real estate
    • 3,500 SF
    • 0.41 lot acres
    Off-Market
    Property ID
    US69-0105682
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hutchinson Homes / Construction Company / General Contractor
    • Square 1 Minerals / Oil & Natural Gas Company
    • 2nd Street Studio / Art Studio
    • Heart Studios Academy / Art Studio / Art Center
    • Accounting Solutions, PLLC / Accounting Firm / Tax Preparation

    Property Details for 1605 2nd St

    Year built
    1974
    Construction
    BRICK
    Lot size
    0.41 lot acres
    Property size
    3,500 SF
    Property type
    Commercial real estate
    APN
    18-214-1120
    APU
    182141120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4586
    Latitude
    35.6535
    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
    $3,059
    $4,696
    $24,651
    $29,347
    -
    $43,700
    $229,373
    $273,073

    Comparable in this City

    • Value Estimation by Request
      2.71 Acres

      2nd St And Coltrane Rd

      Land • 2.71 Acres
      2nd St And Coltrane Rd, Edmond, OK 73034
      View Details
    • Value Estimation by Request
      2.40 Acres

      1035 Broadway

      COMMERCIAL (GENERAL) • 2.40 Acres
      1035 Broadway, Edmond, OK 73034-3909
      View Details
    • Value Estimation
      $945,000
      6,400 SF

      301 Broadway

      COMMERCIAL (GENERAL) • 6,400 SF
      301 Broadway, Edmond, OK 73034-3681
      View Details
    • Value Estimation
      $1,875,000
      14,682 SF

      130 Broadway

      COMMERCIAL (GENERAL) • 14,682 SF
      130 Broadway, Edmond, OK 73034-3703
      View Details
    • Value Estimation by Request
      974 SF

      10 1st St

      COMMERCIAL (GENERAL) • 974 SF
      10 1st St, Edmond, OK 73034-3804
      View Details
    • Value Estimation by Request
      1,234 SF

      707 Blvd Boulevard

      COMMERCIAL (GENERAL) • 1,234 SF
      707 Blvd Boulevard, Edmond, OK 73034-4677
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,200 SF

      Edmond Commercial Building For Lease

      Versatile space, prime location, high-speed internet.
      11571 Blacksand Dr, Edmond, OK 73034
      View Details
    • Contact for pricing
      16,200 SF

      Edmond Commercial Building For Lease

      Versatile space, prime location, high-speed internet.
      11571 Blacksand Dr, Edmond, OK 73034
      View Details
    • Contact for pricing
      4,000 SF

      Edmond Flex Space For Sale

      4,000 SqFt flex space in Koloa Industrial Park.
      11774 Maui Ln, Edmond, OK 73034
      View Details
    • Contact for pricing

      Commercial Land Near Lake Arcadia

      Commercial land for development with frontage on US Route 66.
      N Air Depot Blvd, Edmond, OK 73034
      View Details
    • Contact for pricing
      1,754 SF

      Downtown Edmond Freestanding Office Building

      Freestanding office building in the heart of Edmond's CBD.
      102 E Thatcher St, Edmond, OK 73034
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      High-traffic commercial land for medical or professional services in Edmond, OK.
      1138 S Bryant Ave, Edmond, OK 73034
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Edmond, OK

      Retail space available in well-located Edmond shopping center.
      121 E Waterloo Rd, Edmond, OK 73034
      View Details
    • Contact for pricing

      Prime Retail Site in Edmond

      Retail, service, and restaurant space available for lease.
      2nd St & Bryant Ave, Edmond, OK 73034
      View Details
    • $2,416 /Mo
      1,933 SF

      Edmond Office Space For Rent

      Office space available for rent in Edmond, Oklahoma.
      120 N Bryant Ave, Edmond, OK 73034
      View Details
    • Contact for pricing
      3,310 SF

      Edmond Retail Space For Lease

      Retail space available in a high-traffic Edmond location.
      301 S Bryant Ave, Edmond, OK 73034
      View Details
    • $1,400 /Mo

      Suburban Office Park For Lease

      Well-maintained office park with flexible lease terms and rates.
      941 NW 164Th St, Oklahoma City, OK 73034
      View Details
    • $2,800 /Mo
      2,850 SF

      Flex Space For Rent

      Flex space featuring office and warehouse areas available for rent.
      2800 Coltrane Pl, Edmond, OK 73034
      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.
    1605 2nd St
    Edmond, OK 73034-6404
    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

    Thank You for Inquiry
    1605 2nd St, Edmond, OK, 73034
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!