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    Property profile & analytics

    1991 Tower Dr Moore, OK 73160-2388

    • Strip malls
    • 11,087 SF
    • 1.35 lot acres
    OFF-MARKET
    Last Sale
    Aug 30, 2022
    $2,900,000
    Value Estimations
    $2,545,000
    Show details
    Cap Rate Potential
    7.3%
    Strip malls
    Location Intelligence
    Property ID
    US69-1481676
    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

    • Strip malls

    Property Details for 1991 Tower Dr

    Year built
    2014
    Construction
    STEEL FRAME
    Lot size
    1.35 lot acres
    Property size
    11,087 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    MC2 10 3W 23055
    APU
    MC2103W23055

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,555,000
      ML approach
      $2,305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,125,000
      6.5%
      $2,885,000
      7%
      $2,680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,992,000
      Market price range: $589k - $1.99M
      AI Estimate
      $1,959,000
      Market price range: $316k - $1.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    Moore
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.483
    Latitude
    35.3202
    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
    $42,415
    $42,340
    $305,660
    $348,000
    -
    $352,836
    $2,547,164
    $2,900,000

    Comparable in this City

    • Value Estimation
      $345,000
      9,240 SF

      816 4th St

      SHOPPING CENTER, STRIP CENTER • 9,240 SF
      816 4th St, Moore, OK 73160-7306
      View Details
    • Value Estimation by Request
      26,680 SF

      421 Eastern Ave

      SHOPPING CENTER, STRIP CENTER • 26,680 SF
      421 Eastern Ave, Moore, OK 73160-5942
      View Details
    • Value Estimation
      $2,720,000
      9,200 SF

      1901 Moore Ave

      SHOPPING CENTER, STRIP CENTER • 9,200 SF
      1901 Moore Ave, Moore, OK 73160-3602
      View Details
    • Value Estimation
      $575,000
      17,524 SF

      2712 Telephone Rd

      SHOPPING CENTER, STRIP CENTER • 17,524 SF
      2712 Telephone Rd, Moore, OK 73160-2909
      View Details
    • Value Estimation
      $7,960,000
      31,972 SF

      1003 19th St

      SHOPPING CENTER, STRIP CENTER • 31,972 SF
      1003 19th St, Moore, OK 73160-2806
      View Details
    • Value Estimation
      $525,000
      17,980 SF

      2052 19th St

      SHOPPING CENTER, STRIP CENTER • 17,980 SF
      2052 19th St, Moore, OK 73160
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.82 Acres

      Moore, OK Retail Land Opportunity

      3.82-acre corner lot, high visibility, I-35 proximity
      0 34Th Ter, Moore, OK 73160
      View Details
    • $3,633,333
      5,345 SF

      Johnnie's Charcoal Broiler - Moore, OK

      NNN Leased Restaurant Investment
      2305 S Telephone Rd, Moore, OK 73160
      View Details
    • $450,000
      4,576 SF

      4,576 SF Metal Building

      Metal building on 2 acres, suitable for various uses.
      11113 South Sunnylane Rd, Oklahoma City, OK 73160
      View Details
    • $1,300,000
      7,900 SF

      South Oklahoma City Retail Building

      7,900 SF retail building in strategic South Oklahoma City location.
      2901 N Shields Blvd, Moore, OK 73160
      View Details
    • $619,000
      4,470 SF

      Retail/Flex Space on Main Street

      Retail/flex space with showroom and frontage on Main Street.
      704 E Main St, Oklahoma City, OK 73160
      View Details
    • $3,633,333
      5,345 SF

      NNN Retail Property For Sale

      Freestanding retail property with long-term absolute NNN lease.
      2305 S Telephone Rd, Moore, OK 73160
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      1,600 SF

      Retail Space in Moore, OK

      Retail space for lease in high-visibility Moore strip center.
      1219 N Broadway St, Moore, OK 73160
      View Details
    • $12 SF/Yr
      1,000 SF

      Retail Space in Del City

      Neighborhood shopping center with high visibility and access.
      1501 S Sunnylane Rd, Oklahoma City, OK 73160
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Westgate Marketplace

      Prime retail location in a super-regional shopping destination.
      6301 SW 3Rd St, Oklahoma City, OK 73160
      View Details
    • Contact for pricing
      23,200 SF

      Retail Space Near Kohl's

      23,200 +/- sf retail space near I-35.
      2600 S Telephone Rd, Moore, OK 73160
      View Details
    • $10 SF/Yr
      9,588 SF

      Retail Space Available For Lease

      Retail space available for lease in Moore, Oklahoma.
      1311 North Janeway Ave, Moore, OK 73160
      View Details
    • Contact for pricing
      23,400 SF

      Retail Space in Moore Center

      High-visibility retail space available in a busy Moore shopping center.
      2000 S Service Rd, Moore, OK 73160
      View Details
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    1991 Tower Dr
    Moore, OK 73160-2388
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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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