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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17850 Pennsylvania Ave Edmond, OK 73012-9101

    • Retail space
    • 13,241 SF
    • 1.99 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2022
    $3,936,000
    Value Estimations
    $4,155,000
    Show details
    Cap Rate Potential
    3.2%
    Retail space
    Location Intelligence
    Property ID
    US69-0960078
    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

    • Smith Auto Detailing OKC / Car Detailing Service
    • CDReload - Online Bitcoin ATM / Currency Exchange Service / Money Transfer Service
    • MoneyGram / Money Transfer Service
    • UPS Access Point location / Mailing Service / Shipping Service
    • LibertyX Bitcoin ATM / Atm

    Property Details for 17850 Pennsylvania Ave

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.99 lot acres
    Property size
    13,241 SF
    Property type
    Retail space
    APN
    18-423-4035
    APU
    184234035

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,380,000
      ML approach
      $4,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,272,000
      Market price range: $1.42M - $4.27M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,655,000
      Current use
      RESTAURANT
      $3,600,000
      Change: +36% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,245,000
      Change: +22% Conversion: Moderate
      MEDICAL BUILDING
      $2,525,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5489
    Latitude
    35.6526
    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
    $35,537
    $130,792
    $167,792
    $298,584
    -
    $1,189,020
    $1,525,385
    $2,714,405

    Comparable in this City

    • Value Estimation by Request
      43,500 SF

      3825 166th St

      RETAIL STORES (PERSONAL SERVICES) • 43,500 SF
      3825 166th St, Edmond, OK 73012-9227
      View Details
    • Value Estimation
      $825,000
      9,000 SF

      3737 178th St

      RETAIL STORES (PERSONAL SERVICES) • 9,000 SF
      3737 178th St, Edmond, OK 73012-9052
      View Details
    • Value Estimation
      $3,945,000
      6,500 SF

      17901 Pennsylvania Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      17901 Pennsylvania Ave, Edmond, OK 73012-9050
      View Details
    • Value Estimation
      $645,000
      5,437 SF

      2625 Danforth Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,437 SF
      2625 Danforth Rd, Edmond, OK 73012-4342
      View Details
    • Value Estimation by Request
      1.85 Acres

      17900 Western Ave

      Individual retail properties • 12,050 SF
      17900 Western Ave, Edmond, OK 73012
      View Details
    • Value Estimation
      $1,190,000
      7,491 SF

      1101 178th St

      RETAIL STORES (PERSONAL SERVICES) • 7,491 SF
      1101 178th St, Edmond, OK 73012-4281
      View Details

    Similar Nearby for Sale

    • $600,000
      26,159 SF

      Oklahoma City Outparcel Opportunity

      Prime land for QSR, retail, or service-oriented businesses.
      N Pennsylvania Ave, Oklahoma City, OK 73012
      View Details
    • Contact for pricing
      0.87 Acres

      Stonebriar Land: Edmond, OK

      Prime Edmond Commercial Land - High-Income Area
      19218 Western Ave, Edmond, OK 73012
      View Details
    • Contact for pricing
      Pending

      Office Space Near Rose Creek

      Office space for lease near Rose Creek Golf & Country Club.
      17244 N May Ave, Edmond, OK 73012
      View Details
    • $1,000,000
      1.20 Acres

      Edmond Commercial Land Parcel

      1.2-acre commercial lot, prime location.
      4009 164Th St, Edmond, OK 73012
      View Details
    • $660,905

      Land For Sale in Edmond

      Land available in a fast-growing area, ideal for development.
      19218 N Western Ave, Edmond, OK 73012
      View Details
    • New
      $2,550,000
      11.00 Acres

      Oklahoma City Vacant Development Land

      Development property in the Country Colonnade, Deer Creek Schools district.
      6 Thomas Dr, Oklahoma City, OK 73012
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,200 SF

      Retail Space in North Oklahoma

      Retail space for lease in a desirable North Oklahoma location.
      1201 NW 178Th St, Edmond, OK 73012
      View Details
    • $10 SF/Yr
      18,180 SF

      Retail and Flex Space Available

      Retail and flex space for lease, delivery June 2025.
      164th St & Pennsylvania Ave, Edmond, OK 73012
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Growing Area

      Retail space in a rapidly growing Oklahoma City location.
      178th And May, Oklahoma City, OK 73012
      View Details
    • $30 SF/Yr
      1,400 SF

      Retail Space in Growing Area

      Retail space in rapidly growing North Oklahoma City neighborhood.
      3033 NW 178Th St, Edmond, OK 73012
      View Details
    • $16 SF/Yr
      1,200 SF

      Edmond Retail Spaces Available

      Two 1,200 SF retail spaces for lease in Edmond.
      2500-2524 W Edmond Rd, Edmond, OK 73012
      View Details
    • $15 SF/Yr
      1,500 SF

      Edmond Retail Space Available

      Retail space for lease in Edmond, Oklahoma.
      19401 N Portland Ave, Edmond, OK 73012
      View Details
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    17850 Pennsylvania Ave
    Edmond, OK 73012-9101
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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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