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    Property profile & analytics

    1724 Renaissance Blvd Edmond, OK 73013-3022

    • Day care centers
    • 7,375 SF
    • 1.04 lot acres
    OFF-MARKET
    Last Sale
    Apr 25, 2024
    $1,100,000
    Value Estimations
    $820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0360198
    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.

    Current Use by Public Records

    • One Step At A Time Child Care / Daycare Center

    Property Details for 1724 Renaissance Blvd

    Year built
    1998
    Construction
    BRICK
    Lot size
    1.04 lot acres
    Property size
    7,375 SF
    Property type
    Day care centers
    APN
    12-898-1085
    APU
    128981085

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $705,000
      ML approach
      $855,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $691,000
      Market price range: $426k - $921k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $690,000
      Current use
      COMMERCIAL (GENERAL)
      $1,220,000
      Change: +76% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,165,000
      Change: +68% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $705,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4988
    Latitude
    35.6358
    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
    $9,788
    $23,616
    $70,286
    $93,902
    -
    $214,695
    $638,961
    $853,656

    Comparable in this City

    • Value Estimation by Request
      8,260 SF

      1909 15th St

      DAY CARE, PRE-SCHOOL • 8,260 SF
      1909 15th St, Edmond, OK 73013-6604
      View Details
    • Value Estimation
      $870,000
      9,987 SF

      15000 Western Ave

      DAY CARE, PRE-SCHOOL • 9,987 SF
      15000 Western Ave, Edmond, OK 73013-1899
      View Details
    • Value Estimation by Request
      5,310 SF

      100 33rd St

      DAY CARE, PRE-SCHOOL • 5,310 SF
      100 33rd St, Edmond, OK 73013-4601
      View Details
    • Value Estimation by Request
      10,000 SF

      1288 15Th St

      Day care centers • 10,000 SF
      1288 15Th St, Edmond, OK 73013
      View Details
    • Value Estimation by Request
      2,902 SF

      724 15th St

      DAY CARE, PRE-SCHOOL • 2,902 SF
      724 15th St, Edmond, OK 73013-3619
      View Details
    • Value Estimation
      $655,000
      11,341 SF

      700 18th St

      DAY CARE, PRE-SCHOOL • 11,341 SF
      700 18th St, Edmond, OK 73013-3720
      View Details

    Similar Nearby for Sale

    • $5,125,000
      10,000 SF

      Edmond, OK Retail Investment

      10,000 SF, NNN Leased Daycare
      1288 15Th St, Edmond, OK 73013
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    • $1,500,000

      Drive-Thru Restaurant Investment Opportunity

      NNN leased drive-thru restaurant near Oklahoma Christian University.
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    • $875,000
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      Edmond Office with Finished Space

      Office space featuring private offices, kitchen, and conference room.
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    • $585,000
      1.32 Acres

      Edmond I-35 Frontage Commercial Land

      1.32 Acres, Prime I-35 Location, High Traffic
      13790 Frontage Rd, Edmond, OK 73013
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    • Contact for pricing
      4,572 SF

      Garden-Style Office Space Available

      Well-appointed office space with high-end finishes and conference room.
      2933 NW 156Th St, Edmond, OK 73013
      View Details
    • $1,490,000
      6,220 SF

      Edmond Retail Opportunity: 6,220 SF

      Prime Edmond location, vacant restaurant/storefront, ready for redevelopment.
      3600 Broadway, Edmond, OK 73013
      View Details

    Similar Nearby for Lease

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      19,398 SF

      Santa Fe Shops: Edmond Retail Space

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      14170 Santa Fe Ave, Edmond, OK 73013
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    • Contact for pricing
      233,046 SF

      Edmond Industrial Land Investment

      5.35 Acres, 518 Parking Spaces
      3400 Kelly Ave, Edmond, OK 73013
      View Details
    • $11 SF/Yr
      36,173 SF

      Prime Corner Location For Rent

      Corner property suitable for office or retail with ample parking.
      3406 Boulevard S, Edmond, OK 73013
      View Details
    • $26 SF/Yr
      22,940 SF

      High Traffic Location Available

      Specialty property for rent with monument signage and high traffic.
      1501 S Broadway, Edmond, OK 73013
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    • $19 SF/Yr
      7,649 SF

      Spacious Office with Fitness Center

      Office space with excellent lobby exposure and free workout facility.
      2575 Kelley Pointe Pkwy, Edmond, OK 73013
      View Details
    • $9 SF/Yr
      3,322 SF

      Edmond Office Space for Lease

      Class-A Office, Modern Amenities
      15812 Pennsylvania Ave, Edmond, OK 73013
      View Details
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    1724 Renaissance Blvd
    Edmond, OK 73013-3022
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    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
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