New search
Property profile & analytics
OFF-MARKET
Estimated value
$10,060,000
Strip malls
2117 23rd St, Oklahoma City, OK 73107-2401
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US69-0304282
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
105,286 SF
Lot
7.88 ac (343,383 SF)
APN
13-328-0200
UPID
US69-0304282
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
Current use
Occupant on record · Public records
-
Citi Trends Women'S Clothing Store Clothing Store
-
Oklahoma City Demolition Construction Company General Contractor
-
Simply furniture Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.06M
Owner & transaction history
Zheng Tao LLC · 2 yrs held
Zheng Tao LLC
since 2024
Last sale
$10.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.4M
+37.7%
Auto repair, garage
$15.7M
+31.2%
Office building
$13.5M
+13.2%
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 Oklahoma City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oklahoma City 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
$10,060,000
ML approach
$10,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,935,000
Current use
MEDICAL BUILDING
$16,435,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,655,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$13,510,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$9,600,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$10.06M
Range $9.05M – $11.07M · ±10% · vs last sale $10.06M (Jan 25 2024)
Last sale anchor
$10.06M
Jan 25 2024
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
$96 / 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
$113,426
Tax year 2023
Assessed value
$923,518
Assessed 2023
Previous assessed
$923,518
+0.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$122,762
Assessed improvement
$800,756
Land market value
$1,116,021
Improvement market value
$7,279,601
Total market value
$8,395,622
Applied tax rate
200.0000
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
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
13
Total area
105,286 SF
Lot
7.88 ac (343,383 SF)
APN
13-328-0200
UPID
US69-0304282
Jurisdiction
OKLAHOMA
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$11.9M
MEDICAL BUILDING
Est. value
$16.4M
AUTO REPAIR, GARAGE
Est. value
$15.7M
OFFICE BUILDING
Est. value
$13.5M
RETAIL STORES
Est. value
$9.6M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
13
Lot
7.88 ac
Current owner
From public records · entity-resolved
Zheng Tao LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
$10,060,500
Zheng Tao LLC
South Penn Plaza LLC
Warranty Deed
$7,153,455 · Quail Creek Bank
Apr 5, 2023
—
Greater Oklahoma LLC
South Penn Plaza LLC
Lease
—
Oct 21, 2016
—
South Penn Plaza LLC
—
Deed
related
$10,074,500 · Midfirst Bank
Mar 13, 2013
$9,000,000
South Penn Plaza LLC
Penn Crossing LP
Grant Deed
$6,500,000 · Bank Of Oklahoma
Sep 14, 2012
—
Mcdonalds R Of E Co/columbia Mar
Mcdonalds Corp
Quit Claim Deed
—
May 19, 2005
—
Penn Crossing
—
Trustees Deed
related
$500,000 · Midfirst Bank State Savings Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2117 23rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
