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Property profile & analytics
OFF-MARKET
Estimated value
$6,335,000
Warehouses
18200 May Ave Edmond, OK 73012-4297
Entity Owned
3-yr Hold
Free & Clear
Property ID
US69-1467643
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2015
Construction
STEEL FRAME
Total area
53,800 SF
Lot
2.61 ac (113,692 SF)
APN
21-331-1480
UPID
US69-1467643
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.69M
CAP Approach
CAP
$7.14M
Comparable Approach
Comparable
$5.49M
Blend (final)
Blend
$6.34M
Owner & transaction history
Ps Mid West One LLC · 3 yrs held
Ps Mid West One LLC
since 2022
Last sale
$6.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.3M
+242.8%
Commercial (general)
$8.8M
+193.2%
Auto repair, garage
$8.5M
+183.5%
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
$6,675,000
ML approach
$6,685,000
CAP Approach
CAP Return
Estimation
6%
$7,735,000
6.5%
$7,140,000
7%
$6,630,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,265,000
Change: +243% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,780,000
Change: +193% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,485,000
Change: +183% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,050,000
Change: +69% · Conversion: Easy
Blend value · Realmo final
$6.34M
Range $5.70M – $6.97M · ±10% · vs last sale $6.00M (Aug 10 2022)
Last sale anchor
$6.00M
Aug 10 2022
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
$118 / 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
$86,881
Tax year 2023
Assessed value
$660,444
Assessed 2023
Previous assessed
$333,952
+97.8% YoY
Effective rate
13.15%
On assessed value
Assessed land
$103,168
Assessed improvement
$557,276
Land market value
$937,893
Improvement market value
$5,066,147
Total market value
$6,004,040
Applied tax rate
206.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
287
Total area
53,800 SF
Lot
2.61 ac (113,692 SF)
APN
21-331-1480
UPID
US69-1467643
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
MEDICAL BUILDING
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.5M
INDUSTRIAL (GENERAL)
Est. value
$5.1M
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2015
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
287
Lot
2.61 ac
Current owner
From public records · entity-resolved
Ps Mid West One LLC
Entity
Free & Clear · 3 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
$6,000,000
Ps Mid West One LLC
Sok Investmetns LLC
Special Warranty Deed
—
May 2, 2018
—
Sok Investments LLC
—
Deed
related
$240,000 · Citizens Bk/edmond
—
—
Sok Investments LLC
—
Deed Of Trust
related
$240,000 · Citizens Bk/edmond
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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