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    19 Broadway Edmond, OK 73034-3759

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    Property profile & analytics

    19 Broadway Edmond, OK 73034-3759

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    • Commercial real estate
    • 6,300 SF
    • 0.18 lot acres
    Off-Market
    Last Sale Dec 30, 2021
    $1,745,500
    Property ID
    US69-0467025
    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
    $1,775,000
    Show details
    Cap Rate Potential
    3%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • OklaHome / Construction Company / General Contractor
    • The Blantons Real Estate Team / Real Estate Agency
    • RE/MAX First, Joe Forrest, REALTOR / Real Estate Agency
    • Terry Gomez Fleur De Lis Realty / Real Estate Agency
    • EpicPPG - Epic Powered Paragliding / Training Center

    Property Details for 19 Broadway

    Year built
    1927
    Construction
    BRICK
    Lot size
    0.18 lot acres
    Property size
    6,300 SF
    Property type
    Commercial real estate
    APN
    18-229-1320
    APU
    182291320

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,875,000
      ML approach
      $1,870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,649,000
      Market price range: $689k - $1.65M
      AI Estimate
      $1,159,000
      Market price range: $355k - $1.17M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,145,000
      Current use
      RESTAURANT
      $1,715,000
      Change: +49% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,545,000
      Change: +35% Conversion: Difficult
      RETAIL STORES
      $1,265,000
      Change: +10% Conversion: Easy
      MEDICAL BUILDING
      $1,200,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4815
    Latitude
    35.6562
    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
    $12,696
    $16,940
    $104,854
    $121,794
    -
    $154,000
    $953,225
    $1,107,225

    Comparable in this City

    • Value Estimation by Request
      2.71 Acres

      2nd St And Coltrane Rd

      Land • 2.71 Acres
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    • Value Estimation by Request
      2.40 Acres

      1035 Broadway

      COMMERCIAL (GENERAL) • 2.40 Acres
      1035 Broadway, Edmond, OK 73034-3909
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    • Value Estimation
      $945,000
      6,400 SF

      301 Broadway

      COMMERCIAL (GENERAL) • 6,400 SF
      301 Broadway, Edmond, OK 73034-3681
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    • Value Estimation
      $1,875,000
      14,682 SF

      130 Broadway

      COMMERCIAL (GENERAL) • 14,682 SF
      130 Broadway, Edmond, OK 73034-3703
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    • Value Estimation by Request
      974 SF

      10 1st St

      COMMERCIAL (GENERAL) • 974 SF
      10 1st St, Edmond, OK 73034-3804
      View Details
    • Value Estimation
      $1,825,000
      12,600 SF

      1300 9th St

      COMMERCIAL (GENERAL) • 12,600 SF
      1300 9th St, Edmond, OK 73034-5756
      View Details

    Similar Nearby for Sale

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      16,200 SF

      Edmond Commercial Building For Lease

      Versatile space, prime location, high-speed internet.
      11571 Blacksand Dr, Edmond, OK 73034
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      16,200 SF

      Edmond Commercial Building For Lease

      Versatile space, prime location, high-speed internet.
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      Land For Sale

      5.33 acres of land available for purchase.
      of Coltrane and Covell Cor SW, Edmond, OK 73034
      View Details
    • Contact for pricing

      Commercial Land Available

      Commercial land for sale in Edmond, Oklahoma.
      401 S Coltrane Rd, Edmond, OK 73034
      View Details
    • Contact for pricing

      Edmond Land at Broadway, Covell

      Land available at the corner of Broadway and Covell Road.
      NW/Corner Of Broadway And Covell Rd, Edmond, OK 73034
      View Details
    • Contact for pricing

      Edmond Land Parcel For Sale

      Land parcel in Edmond with future development potential.
      409 E Covell Rd, Edmond, OK 73034
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Space

      2,400 SqFt industrial single tenant space for rent.
      12788 S Coltrane Rd, Edmond, OK 73034
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      2,346 SF

      Edmond Dental Office Space

      Customizable dental office space in a prime Edmond location.
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      1,420 SF

      Retail Space in Growing Area

      Retail space with abundant parking in high-growth residential area.
      251 E Waterloo Rd, Edmond, OK 73034
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    • $14 SF/Yr

      501 S Coltrane Rd, Edmond, OK 73034

      Office buildings
      501 S Coltrane Rd, Edmond, OK 73034
      View Details
    • $2,800 /Mo

      Office/Warehouse Flex Space Available

      Flex space with office and warehouse components for lease.
      2800 South Coltrane Pl, Edmond, OK 73034
      View Details
    • Contact for pricing

      Retail Space in Edmond, OK

      Retail space available in well-located Edmond shopping center.
      121 E Waterloo Rd, Edmond, OK 73034
      View Details
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    19 Broadway
    Edmond, OK 73034-3759
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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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