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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Flex space
16365 23rd St Choctaw, OK 73020-8408
Entity Owned
19-yr Hold
Free & Clear
Property ID
US69-0081613
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1969
Construction
STEEL FRAME
Total area
5,200 SF
Lot
10.05 ac (437,909 SF)
APN
19-242-8005
UPID
US69-0081613
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
-
Just 4 Pawz Pet Grooming Service
-
Advent Heat Air & Plumbing Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$590k
Owner & transaction history
Woodall Exchange LLC · 19 yrs held
Woodall Exchange LLC
since 2007
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$860,000
+110.3%
Auto repair, garage
$820,000
+101.2%
Commercial (general)
$745,000
+83.0%
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 Choctaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Choctaw 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%
$540,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$410,000
Current use
MEDICAL BUILDING
$860,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: +101% · Conversion: Easy
COMMERCIAL (GENERAL)
$745,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$665,000
Change: +63% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$113 / 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
$15,838
Tax year 2023
Assessed value
$134,153
Assessed 2023
Previous assessed
$127,765
+5.0% YoY
Effective rate
11.81%
On assessed value
Assessed land
$33,813
Assessed improvement
$100,340
Land market value
$350,341
Improvement market value
$1,039,621
Total market value
$1,389,962
Applied tax rate
504.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Units
1
Total area
5,200 SF
Lot
10.05 ac (437,909 SF)
APN
19-242-8005
UPID
US69-0081613
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
INDUSTRIAL (GENERAL) Current
Est. value
$410,000
MEDICAL BUILDING
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$745,000
RETAIL STORES
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$610,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1969
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
5
Units
1
Lot
10.05 ac
Current owner
From public records · entity-resolved
Woodall Exchange LLC
Entity
Free & Clear · 19 yrs held
Mailing address
15406 SE 29TH ST, CHOCTAW, OK 73020-6713
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2007
—
Woodall Exchange LLC
Nossaman,richard O
Quit Claim Deed
related
—
Sep 12, 2001
$175,000
Richard O Nossaman
Choctaw Industrial Development
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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