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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Strip malls
2121 Memorial Rd, Oklahoma City, OK 73134-8013
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-2417836
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,892 SF
Lot
1.08 ac (47,001 SF)
APN
12-480-1010
UPID
US69-2417836
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
-
Granny's Kitchen - Memorial Rd. Restaurant Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.51M
Owner & transaction history
Harvey L Sparks · 4 yrs held
Harvey L Sparks
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+52.6%
Medical building
$1.5M
+37.7%
Auto repair, garage
$1.5M
+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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,120,000
Current use
COMMERCIAL (GENERAL)
$1,710,000
Change: +53% · Conversion: Easy
MEDICAL BUILDING
$1,545,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,470,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$1,270,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$1,220,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±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
$153 / 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
$31,199
Tax year 2023
Assessed value
$262,135
Assessed 2023
Previous assessed
$249,653
+5.0% YoY
Effective rate
11.90%
On assessed value
Assessed land
$67,183
Assessed improvement
$194,952
Land market value
$658,322
Improvement market value
$1,910,305
Total market value
$2,568,627
Applied tax rate
212.0000
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
3
Total area
9,892 SF
Lot
1.08 ac (47,001 SF)
APN
12-480-1010
UPID
US69-2417836
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
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
1.08 ac
Current owner
From public records · entity-resolved
Harvey L Sparks
Individual
Mailing address
2512 W I 44TH SERVICE RD, OKLAHOMA CITY, OK 73112-3751
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
—
Harvey L Sparks
Barbie Ann Bradshaw
Warranty Deed
$1,927,259 · Sooner State Bank
Jun 26, 2020
—
Memorial Landing LLC
—
Deed
related
$2,000,000 · Prosperity Bk
Jan 4, 2011
$1,100,000
Memorial Landing LLC
Battle Bames B Trust
Warranty Deed
$2,261,304 · Legacy Bank
Sep 2, 2009
—
Battle James B Trust
Battle James B Trust
Quit Claim Deed
related
—
Sep 2, 2009
$660,000
Battle James B Trust
Sooner Diagonal INC
Warranty Deed
$245,000 · Rcb Bank
Oct 4, 2005
$1,285,000
Sooner Diagional INC
USA Property Management LLC
Warranty Deed
$550,000 · Bank 7
Sep 20, 2004
$1,050,000
USA Properties LLC
Us Restaurant Props Operating
Grant Deed
$1,035,000 · Midfirst Bank State Savings Bk
—
—
Memorial Landing LLC
—
Loan Modification
related
$2,000,000 · Prosperity 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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