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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Strip malls
2121 Portland Ave, Oklahoma City, OK 73108-3813
Entity Owned
~
Est. High Equity
Property ID
US69-2292902
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Construction
BRICK
Total area
20,418 SF
Lot
1.8 ac (78,539 SF)
APN
09-023-1400
UPID
US69-2292902
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
-
St Patrick's Catholic Church Church
-
Enclave Event Center OKC Hotel & Motel Resort
-
High Guys Market Big Box & Wholesale Store
-
High Guys Big Box & Wholesale Store
-
High Guys Dispensary (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.09M
Owner & transaction history
Portland Avenue Properties LLC
Portland Avenue Properties LLC
since 2026
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.2M
+37.7%
Auto repair, garage
$3.0M
+31.2%
Office building
$2.6M
+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
$1,760,000
ML approach
$1,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,315,000
Current use
MEDICAL BUILDING
$3,190,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,035,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$2,620,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$2,520,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±10% · vs last sale $2.18M (Jan 9 2026)
Last sale anchor
$2.18M
Jan 9 2026
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
$102 / 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
$23,441
Tax year 2023
Assessed value
$198,095
Assessed 2023
Previous assessed
$55,311
+258.1% YoY
Effective rate
11.83%
On assessed value
Assessed land
$25,922
Assessed improvement
$172,173
Land market value
$235,659
Improvement market value
$1,565,209
Total market value
$1,800,868
Applied tax rate
300.0000
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
1959
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
20,418 SF
Lot
1.8 ac (78,539 SF)
APN
09-023-1400
UPID
US69-2292902
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
$2.3M
MEDICAL BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.5M
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
1959
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Portland Avenue Properties LLC
Entity
Mailing address
913 WILLOW BND DR, MARLOW, OK 73055-3863
Ownership since
2026
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
Jan 9, 2026
—
Portland Avenue Properties LLC
Westlee Capital Properites LLC
Quitclaim Deed
related
$1,975,255 · Liberty National Bank
Jan 9, 2026
$2,180,000
Portland Avenue Properties LLC
Patrick Meshell
Warranty Deed
$1,975,255 · Liberty National Bank
Jun 29, 2022
$1,800,000
Patrick Meshell
Westlee Capital Properties LLC
Warranty Deed
$1,440,000 · Bancfirst
Jun 29, 2022
$825,000
Westlee Capital Properties LLC
Vapor Supply LLC
Special Warranty Deed
—
Jan 29, 2016
$500,000
Vapor Supply LLC
Rrv Ents LLC
Grant Deed
$5,000,000 · Brent Oxley
Oct 8, 2015
$500,000
Rrv Ents LLC
Commercial Concepts INC
Warranty Deed
$440,000 · Municipal Emps Cu/ok Cty
Jun 17, 2011
—
Commercial Concepts INC
Riverport Park Ltd
Quit Claim Deed
related
—
Jul 1, 2008
$250,000
Commercial Concepts INC
Stricklin Investments LLC
Warranty Deed
$200,000 · Community Action Agcy Ok City
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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