Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    18503 Portland Ave Edmond, OK 73012-9149

    Property Lookup

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

    18503 Portland Ave Edmond, OK 73012-9149

    View on Map
    • Medical Office Space
    • 20,232 SF
    • 26.86 lot acres
    Off-Market
    Property ID
    US69-1498414
    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.
    Value Estimations
    $1,940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mercy Clinic Primary Care - North Portland / Pediatrician / Medical Clinic
    • Sarah Katharine Petty / Physician
    • Robert Ellis Satterlee Jr., APRN-CNP / Pediatrician / Physician
    • Cristina Solis / Pediatrician / Physician
    • Scott Christopher Melson, MD / Physician

    Property Details for 18503 Portland Ave

    Year built
    2017
    Lot size
    26.86 lot acres
    Property size
    20,232 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    19-929-2000
    APU
    199292000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5873
    Latitude
    35.6613
    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
    $49
    $418
    $0.00
    $418
    -
    $3,803
    $0.00
    $3,803

    Comparable in this City

    • Value Estimation
      $1,870,000
      3,120 SF

      17840 Pennsylvania Ave

      MEDICAL BUILDING • 3,120 SF
      17840 Pennsylvania Ave, Edmond, OK 73012-9097
      View Details
    • Value Estimation
      $540,000
      2,810 SF

      3404 178th St

      MEDICAL BUILDING • 2,810 SF
      3404 178th St, Edmond, OK 73012-9150
      View Details
    • Value Estimation by Request
      2,128 SF

      2408 178th St

      MEDICAL BUILDING • 2,128 SF
      2408 178th St, Edmond, OK 73012-4565
      View Details
    • Value Estimation by Request
      11,400 SF

      3809 166Th St

      Restaurants • 11,400 SF
      3809 166Th St, Edmond, OK 73012
      View Details
    • Value Estimation by Request
      220,000 SF

      16533 May Ave

      Medical Office Space • 220,000 SF
      16533 May Ave, Edmond, OK 73012
      View Details
    • Value Estimation
      $12,250,000
      89,022 SF

      1301 178th St

      HOMES (RETIRED, NURSING) • 89,022 SF
      1301 178th St, Edmond, OK 73012-4258
      View Details

    Similar Nearby for Sale

    • $1,370,000
      4,200 SF

      Veterinarian Clinic in Edmond, OK

      4200 Sq ft Veterinarian Clinic in NW Oklahoma City.
      3305 NW 192Nd St, Edmond, OK 73012
      View Details
    • $650,000
      Pending

      Professional Office Building Near Rose Creek

      Freestanding office building in a high-demand Oklahoma City corridor.
      17342 N May Ave, Edmond, OK 73012
      View Details
    • Contact for pricing

      13.05 Acres for Development

      13.05-acre property with 6 pad sites for retail or office.
      N May Ave, Edmond, OK 73012
      View Details
    • Contact for pricing

      NW 192nd & N. May Ave, Edmond, OK 73012

      Commercial land
      N May Ave, Edmond, OK 73012
      View Details
    • $11,434,500
      25.00 Acres

      Edmond Vacant Commercial Land

      25 acres of commercial land in a growing area.
      3301 NW 192Nd St, Edmond, OK 73012
      View Details
    • $2,550,000

      OKC Vacant Land Development Opportunity

      Development property in a newly developing area, utilities available.
      6 Thomas Dr, Okc, OK 73012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Flex Space Available

      Modern flex and warehouse space in developing area.
      4009 NW 164Th St, Edmond, OK 73012
      View Details
    • Contact for pricing
      1,443 SF

      Edmond Office Space Available

      Office space available for lease in Edmond, Oklahoma.
      17935 N Pennsylvania Ave, Edmond, OK 73012
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office spaces available, ranging from 2,727 to 5,455 square feet.
      17824 Knox Farm Rd, Edmond, OK 73012
      View Details
    • Contact for pricing

      Modern Industrial Bays for Lease

      Flexible industrial and warehouse spaces in a mixed-use development.
      3825 NW 166Th St, Edmond, OK 73012
      View Details
    • Contact for pricing
      17,624 SF

      Edmond Office Space for Lease

      Modern Office Building, Flexible Spaces
      3825 NW 166th St Edmond OK 28029579, Edmond, OK 73012
      View Details
    • $2,025 /Mo
      4,050 SF

      Office Space in Domain Office Park

      Newly developed office space with modern interior finishes available for rent.
      16542 N May Ave, Edmond, OK 73012
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18503 Portland Ave
    Edmond, OK 73012-9149
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    18503 Portland Ave, Edmond, OK, 73012

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!