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Property profile & analytics
FOR SALE
Turn key restaurants
1801 West Edmond Rd Edmond, OK 73003
Entity Owned
2-yr Hold
Free & Clear
Property ID
US69-2377039
For Sale
1 / 2
$995,000
1801 West Edmond Rd, Edmond, OK 73003
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,118 SF
Lot
1.26 ac (54,929 SF)
APN
20-431-1045
UPID
US69-2377039
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
-
Agave Azul Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$825k
Blend (final)
Blend
$950k
Owner & transaction history
Edmond Real Estate Investment Group · 2 yrs held
Edmond Real Estate Investment Group
since 2024
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Edmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edmond 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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,390,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,255,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Feb 1 2024)
Last sale anchor
$950k
Feb 1 2024
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
$186 / 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
$10,675
Tax year 2023
Assessed value
$102,410
Assessed 2023
Previous assessed
$102,410
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$25,506
Assessed improvement
$76,904
Land market value
$231,881
Improvement market value
$699,124
Total market value
$931,005
Applied tax rate
512.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,118 SF
Lot
1.26 ac (54,929 SF)
APN
20-431-1045
UPID
US69-2377039
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 Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Edmond Real Estate Investment Group
Entity
Free & Clear · 2 yrs held
Mailing address
15516 LAGUNA DR, EDMOND, OK 73013-8925
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
$950,000
Edmond Real Estate Investment Group
Seikel Properties LLC
Warranty Deed
—
Mar 24, 2020
—
Seikel Properties LLC
—
Deed
related
—
Sep 25, 2017
—
Seikel Properties LLC
—
Deed
related
$195,000 · Kirkpatrick Bk
May 11, 2017
—
Seikel Properties LLC
—
Deed
related
$120,000 · Kirkpatrick Bank
Jul 11, 2005
—
Seikel Properties LLC
—
Trustees Deed
related
$50,000 · Kirkpatrick Bank Mem Office
Apr 20, 2005
—
Seikel Properties LLC
Steves Rib INC
Warranty Deed
—
Aug 23, 2004
—
Steves Rib INC
—
Trustees Deed
related
$990,000 · Kirkpatrick Bank Mem Office
—
—
Seikel Properties LLC
—
Deed Of Trust
related
$567,518 · Kirkpatrick Bk
—
—
Seikel Properties LLC
—
Loan Modification
related
—
—
—
Seikel Properties LLC
—
Deed Of Trust
related
$530,122 · Nbanc
—
—
Seikel Properties LLC
—
Loan Modification
related
$195,000 · Kirkpatrick 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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