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Property profile & analytics
FOR LEASE
Strip malls
1991 Tower Dr Moore, OK 73160
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-1481676
For Lease
1 / 2
Contact for pricing
1991 Tower Dr, Moore, OK 73160
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2014
Construction
STEEL FRAME
Total area
11,087 SF
Lot
1.35 ac (58,806 SF)
APN
MC2 10 3W 23055
UPID
US69-1481676
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.31M
CAP Approach
CAP
$2.89M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.50M
Owner & transaction history
Colonial Tower LLC · 3 yrs held
Colonial Tower LLC
since 2022
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+151.8%
Medical building
$1.7M
+37.7%
Auto repair, garage
$1.7M
+31.2%
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 Moore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moore 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
$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
Alternative Use
Use
Estimation
RESTAURANT
$3,165,000
Change: +152% · Conversion: Difficult
MEDICAL BUILDING
$1,730,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,650,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,570,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.90M (Aug 30 2022)
Last sale anchor
$2.90M
Aug 30 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
$225 / 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
$42,415
Tax year 2023
Assessed value
$348,000
Assessed 2023
Previous assessed
$256,500
+35.7% YoY
Effective rate
12.19%
On assessed value
Assessed land
$42,340
Assessed improvement
$305,660
Land market value
$352,836
Improvement market value
$2,547,164
Total market value
$2,900,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2014
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
11,087 SF
Lot
1.35 ac (58,806 SF)
APN
MC2 10 3W 23055
UPID
US69-1481676
Jurisdiction
CLEVELAND
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
RESTAURANT
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
2014
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Colonial Tower LLC
Entity
Mailing address
7605 DORSET DR, NICHOLS HILLS, OK 73116-4101
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
$2,900,000
Colonial Tower LLC
S & R Investments LLC
Special Warranty Deed
$1,507,849 · Citizens Bank Of Edmond
Feb 26, 2019
—
S & R Invs
1020 Relative Investments Ll
Correction Deed
related
—
Jan 16, 2019
—
S & R Investments LLC
1020 Relative Investments Ll
Correction Deed
related
—
Aug 6, 2018
$2,250,000
Randall D Rozzi
Bar-b-quedans LLC
Grant Deed
$1,912,500 · Oklahoma's Cu
Nov 15, 2013
—
Bar-b-quedans LLC
Shuman,mark & Nina
Warranty Deed
related
$1,510,530 · Bancfirst
Oct 17, 2013
—
Mark Shuman
Mjh Properties LLC
Warranty Deed
related
—
Mar 6, 2012
$135,000
Mark Shuman
Mjh Properties LLC
Grant Deed
—
Jul 30, 2010
$80,000
Mjh Properties LLC
Ol Tower INC
Grant Deed
—
—
—
S & R Invs
—
Deed Of Trust
related
$1,899,172 · Oklahoma's Cu
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.
Try Rey
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