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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Medical Office Space
2117 Kelly Ave Edmond, OK 73003-3908
Entity Owned
11-yr Hold
Free & Clear
Property ID
US69-1704203
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
WOOD FRAME
Total area
6,046 SF
Lot
0.62 ac (26,877 SF)
APN
21-187-1070
UPID
US69-1704203
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
-
Todd Krehbiel, M.D. Physician
-
Vita Health Medical Clinic Medical Clinic
-
Darren Risley, DC Medical Clinic
-
NuMe Aesthetics Spa & Massage Center Alternative Medicine Practice
-
Darren R. Risley, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$855k
Owner & transaction history
Vitality Properties LLC · 11 yrs held
Vitality Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+5.1%
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 Edmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edmond 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,155,000
Current use
RETAIL STORES
$1,210,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,000,000
Change: -13% · Conversion: Easy
AUTO REPAIR, GARAGE
$955,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10%
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
$141 / 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
$14,204
Tax year 2023
Assessed value
$136,267
Assessed 2023
Previous assessed
$136,267
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$24,200
Assessed improvement
$112,067
Land market value
$220,000
Improvement market value
$1,018,794
Total market value
$1,238,794
Applied tax rate
512.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
6,046 SF
Lot
0.62 ac (26,877 SF)
APN
21-187-1070
UPID
US69-1704203
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
MEDICAL BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$955,000
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2015
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Vitality Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2117 N KELLY AVE, EDMOND, OK 73003-3908
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2021
—
Vitality Properties LLC
—
Deed
related
$813,941 · Rcb Bk
Jan 7, 2021
—
Vitality Properties LLC
—
Deed
related
$813,941 · Rcb Bk
Feb 24, 2020
—
Vitality Properties LLC
—
Deed
related
$823,598 · Rcb Bk
Aug 18, 2017
—
Vitality Properties LLC
—
Deed
related
$51,879 · Rcb Bk
May 10, 2017
—
Vitality Properties LLC
—
Deed
related
$53,955 · Rcb Bk
Feb 9, 2015
—
Vitality Properties LLC
Offices At Covell Village LLC
Warranty Deed
—
Jun 18, 2014
—
Offices At Covell Village LLC
—
Trustees Deed
related
$883,376 · Bancfirst
—
—
Vitality Properties LLC
—
Loan Modification
related
$823,598 · Rcb Bk
—
—
Offices At Covell Village LLC
—
Loan Modification
related
$695,661 · Bancfirst
—
—
Vitality Care Center PLLC
—
Loan Modification
related
$75,936 · Rcb Bk
—
—
Vitality Properties LLC
—
Loan Modification
related
$53,955 · Rcb Bk
—
—
Vitality Properties LLC
—
Loan Modification
related
$51,879 · Rcb Bk
—
—
Vitality Properties LLC
—
Loan Modification
related
$813,941 · Rcb Bk
—
—
Vitality Properties LLC
—
Loan Modification
related
$813,941 · Rcb 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.
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