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    Property profile & analytics

    1737 5Th St Oklahoma City, OK 73106

    • Warehouses
    • 10,241 SF
    • 0.24 lot acres
    For Sale
    View listing
    Last Sale
    Apr 12, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0028064
    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

    • 405 brides photography / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 1737 5Th St

    Year built
    1930
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Property size
    10,241 SF
    Property type
    Warehouses
    APN
    01-704-8780
    APU
    17048780

    Description

    This exceptional Oklahoma City investment opportunity presents a fully renovated, 10,800-square-foot warehouse at 1737 NW 5th St, zip code 73106. The property, built in 1930 and extensively renovated in 2024, features three separate suites totaling 10,800 square feet, currently all vacant. Two suites are designed as office/studio/retail spaces, each approximately 1700 square feet, boasting 20-foot ceilings, abundant natural light from original steel windows, new ADA-compliant restrooms, and 5-ton HVAC systems. The exterior renovation includes insulated walls and roof for energy efficiency. The third suite is a specialized, 6,000 square foot facility, previously configured as a high-capacity medical cannabis extraction lab, equipped with over 20 tons of HVAC and a 480V/1000A electrical service. This suite includes two 28'x14' Class 1 Division 1 extraction rooms and two large walk-in freezers. The entire 0.32-acre lot is fenced, offering secure gated parking and a storage yard. Building features include 18-foot ceilings, one drive-in door (12 feet), eight total parking spaces, and rail access. The property is conveniently located near major transportation arteries, including a 7-minute drive to Scissortail Park, I-40, and I-44. Utilities include city water and sewer, natural gas heating, and halide lighting. The property is zoned I-3 and is a Class C building with masonry construction. This multi-use property offers significant potential for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $880,000
      Market price range: $428k - $1.02M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $705,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5452
    Latitude
    35.474
    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
    $4,704
    $4,054
    $34,247
    $38,301
    -
    $36,855
    $311,339
    $348,194

    Comparable in this City

    • Value Estimation
      $4,400,000
      65,720 SF

      1500 Reno Ave

      WAREHOUSE, STORAGE • 65,720 SF
      1500 Reno Ave, Oklahoma City, OK 73106-3212
      View Details
    • Value Estimation by Request
      0.68 Acres

      2013 7th St

      WAREHOUSE, STORAGE • 0.68 Acres
      2013 7th St, Oklahoma City, OK 73106-2409
      View Details
    • Value Estimation
      $930,000
      12,270 SF

      1829 1st St

      WAREHOUSE, STORAGE • 12,270 SF
      1829 1st St, Oklahoma City, OK 73106
      View Details
    • Value Estimation by Request
      8,400 SF

      1703 Linwood Blvd

      WAREHOUSE, STORAGE • 8,400 SF
      1703 Linwood Blvd, Oklahoma City, OK 73106-5033
      View Details
    • Value Estimation by Request
      14,000 SF

      1300 Main St

      WAREHOUSE, STORAGE • 14,000 SF
      1300 Main St, Oklahoma City, OK 73106-5224
      View Details
    • Value Estimation
      $720,000
      27,600 SF

      801 Western Ave

      WAREHOUSE, STORAGE • 27,600 SF
      801 Western Ave, Oklahoma City, OK 73106-7235
      View Details

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    • Contact for pricing
      11,400 SF

      Oklahoma City Warehouse - 11,400 SF

      Multi-tenant industrial building, recently renovated.
      1737 5Th St, Oklahoma City, OK 73106
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    • $860,000
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    Similar Nearby for Lease

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    Oklahoma City, OK 73106
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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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