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Property profile & analytics
OFF-MARKET
Estimated value
$2,265,000
Strip malls
1629 Broadway Edmond, OK 73013
Entity Owned
3-yr Hold
Free & Clear
Property ID
US69-0030912
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,072 SF
Lot
0.93 ac (40,380 SF)
APN
18-249-2100
UPID
US69-0030912
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.44M
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.27M
Owner & transaction history
Invictus Properties Series LLC Seri · 3 yrs held
Invictus Properties Series LLC Seri
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+11.0%
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 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
$2,400,000
ML approach
$2,435,000
CAP Approach
CAP Return
Estimation
6%
$2,290,000
6.5%
$2,115,000
7%
$1,965,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,205,000
Current use
RESTAURANT
$3,555,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,620,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±10% · vs last sale $2.18M (May 1 2023)
Last sale anchor
$2.18M
May 1 2023
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
$173 / 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
$15,486
Tax year 2023
Assessed value
$148,562
Assessed 2023
Previous assessed
$141,487
+5.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$26,226
Assessed improvement
$122,336
Land market value
$262,444
Improvement market value
$1,224,212
Total market value
$1,486,656
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
5
Total area
13,072 SF
Lot
0.93 ac (40,380 SF)
APN
18-249-2100
UPID
US69-0030912
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.2M
RESTAURANT
Est. value
$3.6M
RETAIL STORES
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
5
Lot
0.93 ac
Current owner
From public records · entity-resolved
Invictus Properties Series LLC Seri
Entity
Free & Clear · 3 yrs held
Mailing address
113 RANGE DR, GARLAND, TX 75040-5009
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
$2,182,500
Invictus Properties Series LLC Seri
Ep Property Two LLC
Special Warranty Deed
—
Oct 5, 2020
—
Ep Property Two LLC
—
Deed
related
$1,725,000 · Midfirst Bk
Feb 21, 2012
—
Ep Property Two LLC
—
Grant Deed
related
$1,725,000 · Midfirst Bk
Jul 29, 2010
—
Ep Property One LLC
—
Trustees Deed
related
$1,788,000 · Midfirst Bank State Savings Bk
May 1, 2008
—
Ep Property Two LLC
Ep Holding Co LLC
Warranty Deed
$2,100,000 · Coppermark Bank
Jan 27, 2005
$525,000
Ep Holding Co LLC
Helmig,victor W & Tonni L
Warranty Deed
—
Jan 27, 2005
$1,050,000
Ep Holding Co LLC
Grubb,gayle E & Barbara A
Warranty Deed
—
—
—
Ep Property One LLC
—
Deed Of Trust
related
$1,725,000 · Midfirst Bank State Savings Bk
—
—
Ep Property Two LLC
—
Loan Modification
related
$1,725,000 · Midfirst 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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