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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Strip malls
16925 23rd St Choctaw, OK 73020-8455
Entity Owned
7-yr Hold
Property ID
US69-0155706
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1947
Total area
8,262 SF
Lot
4.58 ac (199,505 SF)
APN
19-242-4000
UPID
US69-0155706
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
-
Elite Wellness Alternative Medicine Practice Spa & Massage Center
-
Carter Pharmacy Pharmacy
-
The Chase Salon Hair Salon Nail Salon
-
Darling Aesthetics & Lash Co. Hair Salon
-
Sara Botchlet Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$955k
Owner & transaction history
Drb Investments LLC · 7 yrs held
Drb Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+40.3%
Auto repair, garage
$1.3M
+34.2%
Commercial (general)
$1.2M
+22.1%
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 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%
$1,450,000
6.5%
$1,335,000
7%
$1,240,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$970,000
Current use
MEDICAL BUILDING
$1,365,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,305,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,185,000
Change: +22% · Conversion: Easy
RETAIL STORES
$1,055,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$116 / 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
$14,037
Tax year 2023
Assessed value
$118,900
Assessed 2023
Previous assessed
$118,900
+0.0% YoY
Effective rate
11.81%
On assessed value
Assessed land
$3,807
Assessed improvement
$115,093
Land market value
$34,611
Improvement market value
$1,046,300
Total market value
$1,080,911
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1947
Heating
FLOOR/WALL FURNACE
Cooling
AC.PACKAGE
Stories
1
Rooms
6
Bathrooms
2
Total area
8,262 SF
Lot
4.58 ac (199,505 SF)
APN
19-242-4000
UPID
US69-0155706
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
$970,000
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1947
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
4.58 ac
Current owner
From public records · entity-resolved
Drb Investments LLC
Entity
Mailing address
16925 NE 23RD ST, CHOCTAW, OK 73020-8455
Ownership since
2019
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
Oct 7, 2020
—
Drb Investments LLC
—
Deed
related
$115,677 · Rcb Bk
May 21, 2019
$145,000
Drb Investments LLC
Sahli Properties LLC
Warranty Deed
$116,000 · Rcb Bank
Mar 2, 2016
$155,000
Sahli Properties LLC
Modisette,ricky L & Carol A
Warranty Deed
—
Jul 8, 2015
—
Ricky L Modisette
Modisette,ricky L & Carol A
Quit Claim Deed
related
—
Jun 24, 2015
—
Ricky L Modisette
Hud-housing Of Urban Dev
Grant Deed
related
$62,554 · Bancfirst
Feb 20, 2015
$60,300
Hud-housing Of Urban Dev
Sheriff Of Oklahoma County|moua Ha
Trustees Deed
related
—
Jun 23, 2010
$55,000
Ha Moua
Christopher G Tharp
Warranty Deed
—
—
—
Drb Investments LLC
—
Loan Modification
related
$115,677 · Rcb 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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