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    Property profile & analytics

    185 33rd St Edmond, OK 73013

    • Retail space
    • 13,656 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimations
    $1,860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0227011
    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

    • Blue Rhino Tank Exchange / Propane Supplier
    • Walgreens / Pharmacy
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Walgreens Pharmacy / Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy

    Property Details for 185 33rd St

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.20 lot acres
    Property size
    13,656 SF
    Property type
    Retail space
    APN
    18-249-8500
    APU
    182498500

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,400,000
      6.5%
      $2,220,000
      7%
      $2,060,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,735,000
      Current use
      MEDICAL BUILDING
      $2,605,000
      Change: -5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,255,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4787
    Latitude
    35.624
    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
    $23,121
    $74,517
    $147,288
    $221,805
    -
    $677,430
    $1,338,980
    $2,016,410

    Comparable in this City

    • Value Estimation
      $2,020,000
      20,000 SF

      332 33rd St

      RETAIL STORES (PERSONAL SERVICES) • 20,000 SF
      332 33rd St, Edmond, OK 73013-3801
      View Details
    • Value Estimation
      $2,320,000
      21,776 SF

      3824 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 21,776 SF
      3824 Broadway, Edmond, OK 73013-4111
      View Details
    • Value Estimation
      $1,460,000
      13,640 SF

      2201 Fretz Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,640 SF
      2201 Fretz Ave, Edmond, OK 73013-3849
      View Details
    • Value Estimation
      $1,590,000
      16,946 SF

      441 144th Pl

      RETAIL STORES (PERSONAL SERVICES) • 16,946 SF
      441 144th Pl, Edmond, OK 73013-2253
      View Details
    • Value Estimation
      $900,000
      10,600 SF

      815 Centennial Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,600 SF
      815 Centennial Blvd, Edmond, OK 73013-3713
      View Details
    • Value Estimation
      $1,860,000
      11,956 SF

      401 Comfort Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,956 SF
      401 Comfort Dr, Edmond, OK 73013-4147
      View Details

    Similar Nearby for Sale

    • $1,490,000
      6,220 SF

      Edmond Retail Opportunity: 6,220 SF

      Prime Edmond location, vacant restaurant/storefront, ready for redevelopment.
      3600 Broadway, Edmond, OK 73013
      View Details
    • Contact for pricing
      30,912 SF

      Prime Retail Space Available

      51,215 SF retail space at high-traffic intersection.
      1600-1632 S Broadway, Edmond, OK 73013
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    • Contact for pricing
      3,816 SF

      Edmond Retail/Office Opportunity

      Two buildings totaling 3,816 SF on 0.38 acres.
      1101 W 15Th St, Edmond, OK 73013
      View Details
    • Contact for pricing
      1,550 SF

      End Cap Retail/Office Space

      Well-maintained property near Broadway Extension, ideal for retail/office.
      180 W 15Th St, Edmond, OK 73013
      View Details
    • Contact for pricing
      10,000 SF

      Prime Retail Investment Opportunity

      Strategically located retail property with high visibility and traffic.
      1200 E 15Th St, Edmond, OK 73013
      View Details
    • Contact for pricing

      Prime Retail Location in Edmond

      High-quality retail center with market-leading tenants and excellent visibility.
      1189 E 15Th St, Edmond, OK 73013
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      1,500 SF

      New Retail Center Near Interstate

      New 7500 SF retail center in thriving Edmond area.
      3800 15Th St, Edmond, OK 73013
      View Details
    • Contact for pricing
      900 SF

      Retail and Office/Flex Space

      Retail and office/flex spaces available on high-traffic Kelly Ave.
      1700-1738 S Kelly Ave, Edmond, OK 73013
      View Details
    • $10 SF/Yr
      4,590 SF

      Retail and Flex Space Available

      Retail and flex spaces for lease, delivery June 2025.
      NW 164Th St, Edmond, OK 73013
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space with Pick-Up Window

      Retail space featuring a convenient pick-up window and ample parking.
      926 NW 150Th St, Edmond, OK 73013
      View Details
    • Contact for pricing
      3,318 SF

      Retail Space For Rent

      Retail space available with high visibility and ample parking.
      14901 N Kelly Ave, Edmond, OK 73013
      View Details
    • Contact for pricing
      1,816 SF

      Prime Retail Space in Edmond

      Retail space available in a high-quality boutique center.
      1289 E 15Th St, Edmond, OK 73013
      View Details
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    185 33rd St
    Edmond, OK 73013
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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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