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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Strip malls
1701 Air Depot Blvd, Midwest City, OK 73110-5128
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US69-0640175
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
FRAME
Total area
8,118 SF
Lot
0.95 ac (41,251 SF)
APN
15-011-0090
UPID
US69-0640175
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
$1.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.89M
Owner & transaction history
Kalidy LLC · 5 yrs held
Kalidy LLC
since 2021
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+151.8%
Medical building
$1.3M
+37.7%
Auto repair, garage
$1.2M
+31.2%
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 Midwest City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midwest 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
$1,885,000
ML approach
$1,845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,315,000
Change: +152% · Conversion: Difficult
MEDICAL BUILDING
$1,265,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,205,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±10% · vs last sale $1.90M (Jun 21 2021)
Last sale anchor
$1.90M
Jun 21 2021
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
$232 / 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
$24,602
Tax year 2023
Assessed value
$209,001
Assessed 2023
Previous assessed
$209,001
+0.0% YoY
Effective rate
11.77%
On assessed value
Assessed land
$36,300
Assessed improvement
$172,701
Land market value
$330,000
Improvement market value
$1,570,018
Total market value
$1,900,018
Applied tax rate
552.0000
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
2003
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
4
Rooms
5
Bathrooms
1
Total area
8,118 SF
Lot
0.95 ac (41,251 SF)
APN
15-011-0090
UPID
US69-0640175
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
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2003
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
4
Rooms
5
Bathrooms
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Kalidy LLC
Entity
Mailing address
PO BOX 226, EDMOND, OK 73083-0226
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
—
Kalidy LLC
—
Deed
related
$1,400,000 · Oklahomas Cu
Jun 21, 2021
$1,900,000
Kalidy LLC
Caspian Plaza INC
Warranty Deed
—
Dec 17, 2019
—
Caspian Plaza INC
—
Deed
related
$40,000 · Interbank
Apr 12, 2019
—
Caspian Plaza INC
—
Deed
related
$675,000 · Interbank
May 18, 2018
—
Caspian Plaza INC
—
Deed
related
$650,000 · Interbank
Dec 7, 2016
—
Caspian Plaza INC
—
Deed
related
$36,211 · Interbank
Jun 2, 2015
—
Caspian Plaza INC
—
Trustees Deed
related
$125,000 · Interbank
Nov 6, 2014
—
Caspian Plaza INC
—
Trustees Deed
related
$125,000 · Interbank
May 17, 2002
$120,000
Fred S Alavi
Lawrence & Taylor Investments
Grant Deed
$108,000 · Edmond Bank & Trust
—
—
Caspian Plaza INC
—
Deed Of Trust
related
$40,143 · Union Bank
—
—
Caspian Plaza INC
—
Loan Modification
related
$675,000 · Interbank
—
—
Caspian Plaza INC
—
Deed Of Trust
related
$55,000 · Interbank
—
—
Caspian Plaza INC
—
Deed Of Trust
related
$40,000 · Interbank
—
—
Caspian Plaza INC
—
Deed Of Trust
related
$5,915 · Rose Rock Bank
—
—
Caspian Plaza INC
—
Deed Of Trust
related
$100,000 · Rose Rock Bank
—
—
Caspian Plaza INC
—
Deed Of Trust
related
$92,000 · Interbank
—
—
Caspian Plaza INC
—
Deed Of Trust
related
$36,211 · Interbank
—
—
Caspian Plaza INC
—
Loan Modification
related
$650,000 · Interbank
—
—
Caspian Plaza INC
—
Deed Of Trust
related
$31,312 · Interbank Fsb
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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