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

    1816 Eastern Ave Moore, OK 73160-5614

    • Medical offices
    • 2,025 SF
    • 0.80 lot acres
    OFF-MARKET
    Last Sale
    Jul 23, 2024
    $360,000
    Value Estimations
    $360,000
    Show details
    Cap Rate Potential
    6.5%
    Medical offices
    Location Intelligence
    Property ID
    US69-0369931
    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

    • Medical offices

    Property Details for 1816 Eastern Ave

    Year built
    1983
    Construction
    WOOD FRAME
    Lot size
    0.80 lot acres
    Property size
    2,025 SF
    Zone code
    C2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    MC2 10 3W 12012
    APU
    MC2103W12012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $360,000
      ML approach
      $360,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $390,000
      6.5%
      $360,000
      7%
      $335,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $315,000
      Current use
      AUTO REPAIR, GARAGE
      $300,000
      Change: -5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $285,000
      Change: -9% Conversion: Easy
      RETAIL STORES
      $265,000
      Change: -16% Conversion: Difficult
      OFFICE BUILDING
      $260,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Moore
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4763
    Latitude
    35.3535
    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
    $2,605
    $8,684
    $12,694
    $21,378
    -
    $104,544
    $152,819
    $257,363

    Comparable in this City

    • Value Estimation
      $330,000
      3,552 SF

      551 4th St

      MEDICAL BUILDING • 3,552 SF
      551 4th St, Moore, OK 73160-6790
      View Details
    • Value Estimation
      $325,000
      4,779 SF

      2920 Shields Blvd

      MEDICAL BUILDING • 4,779 SF
      2920 Shields Blvd, Moore, OK 73160-1003
      View Details
    • Value Estimation
      $780,000
      48,138 SF

      1060 4th St

      MEDICAL BUILDING • 48,138 SF
      1060 4th St, Moore, OK 73160-2405
      View Details
    • Value Estimation
      $380,000
      7,856 SF

      3001 Telephone Rd

      MEDICAL BUILDING • 7,856 SF
      3001 Telephone Rd, Moore, OK 73160-2942
      View Details
    • Value Estimation
      $1,050,000
      4,350 SF

      1109 30th Ct

      MEDICAL BUILDING • 4,350 SF
      1109 30th Ct, Moore, OK 73160-2887
      View Details
    • Value Estimation
      $335,000
      2,784 SF

      9225 I 35th Service Rd

      MEDICAL BUILDING • 2,784 SF
      9225 I 35th Service Rd, Moore, OK 73160-9046
      View Details

    Similar Nearby for Sale

    • $4,200,000
      9,600 SF

      Freestanding Medical Office Building For Sale

      NNN leased medical office building with long-term tenant.
      400 N Eastern Ave, Moore, OK 73160
      View Details
    • $950,000
      7,720 SF

      High-Visibility Moore Medical Office

      Prime I-35 location, established medical practice.
      320 I-35 Service Rd, Moore, OK 73160
      View Details
    • $925,000
      6,000 SF

      6,000 SF Commercial Building

      Value-add investment property with development opportunity in Moore, OK.
      1930 N Broadway St, Moore, OK 73160
      View Details
    • $1,250,000
      3,760 SF

      Contemporary Office Building with Mezzanine

      Remodeled office building in industrial park, suitable for various firms.
      4420 N Santa Fe Ave, Oklahoma City, OK 73160
      View Details
    • $1,690,000
      12,504 SF

      Oklahoma City Office Building For Sale

      Office building with 12,504 square feet available for purchase.
      4301 SW 3Rd St, Oklahoma City, OK 73160
      View Details
    • $347,000
      2,000 SF

      Prime Moore Office Building

      High-potential office space, under $350k
      9224 Shields Blvd, Moore, OK 73160
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      11,900 SF

      19th Street Plaza: Moore Office Space

      Modern Moore Office & Retail Suites
      2990 19Th Pl, Moore, OK 73160
      View Details
    • $20 SF/Yr
      10,000 SF

      Prime Location Office Space

      Office space for rent near key Oklahoma City landmarks.
      921 NE 23Rd St, Oklahoma City, OK 73160
      View Details
    • $11 SF/Yr
      21,200 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space with office, excellent I-35 access.
      2500 N Shields Blvd, Moore, OK 73160
      View Details
    • $22 SF/Yr
      4,400 SF

      Renovated Retail/Office Space Available

      Four-story, renovated retail/office space with impressive views.
      220 SE 4Th St, Oklahoma City, OK 73160
      View Details
    • $1,300 /Mo
      1,100 SF

      Office Space with Ample Parking

      Downstairs office unit with private offices and large common area.
      504 Tower Dr, Moore, OK 73160
      View Details
    • $4,500 /Mo
      3,750 SF

      Office Space with Street Frontage

      Office space with multiple offices, conference room, and ample storage.
      1219 NW 23Rd St, Oklahoma City, OK 73160
      View Details
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    1816 Eastern Ave
    Moore, OK 73160-5614
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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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