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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    213 2nd St Edmond, OK 73003-5507

    • Flex space
    • 6,400 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0450042
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flex space

    Property Details for 213 2nd St

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.32 lot acres
    Property size
    6,400 SF
    Property type
    Flex space
    APN
    18-229-8460
    APU
    182298460

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $610,000
      7%
      $570,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $563,000
      Market price range: $268k - $935k
      AI Estimate
      $605,000
      Market price range: $337k - $878k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $600,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4861
    Latitude
    35.6539
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,530
    $15,031
    $28,422
    $43,453
    -
    $175,000
    $330,898
    $505,898

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      24 3rd St

      LIGHT INDUSTRIAL • 1,400 SF
      24 3rd St, Edmond, OK 73003-5557
      View Details
    • Value Estimation by Request
      3,600 SF

      35 8th St

      LIGHT INDUSTRIAL • 3,600 SF
      35 8th St, Edmond, OK 73003-5768
      View Details
    • Value Estimation by Request
      1,976 SF

      36 8th St

      LIGHT INDUSTRIAL • 1,976 SF
      36 8th St, Edmond, OK 73003-5767
      View Details
    • Value Estimation by Request
      1,248 SF

      100 Thatcher St

      LIGHT INDUSTRIAL • 1,248 SF
      100 Thatcher St, Edmond, OK 73003-5239
      View Details
    • Value Estimation
      $1,415,000
      11,200 SF

      1324 Kelly Ave

      LIGHT INDUSTRIAL • 11,200 SF
      1324 Kelly Ave, Edmond, OK 73003-5857
      View Details
    • Value Estimation by Request
      5,825 SF

      24 5th St

      LIGHT INDUSTRIAL • 5,825 SF
      24 5th St, Edmond, OK 73003-5561
      View Details

    Similar Nearby for Sale

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      12,680 SF

      Edmond Industrial Property For Sale

      Industrial property available for sale in Edmond, Oklahoma.
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    • $600,000
      2,976 SF

      732 Santa Fe Ave, Edmond, OK 73003

      Office Properties & Spaces • 2,976 SF
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    • $7,864,034
      74,412 SF

      Edmond Retail Center - High NOI

      Multi-Tenant Restaurant Complex, Excellent ROI
      730 Danforth Rd, Edmond, OK 73003
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    • $200,000
      0.58 Acres

      Residential Land in Saratoga Farms

      Spacious lot in desirable Edmond community, build your dream home.
      1669 Saratoga Way, Edmond, OK 73003
      View Details
    • $439,000
      2,410 SF

      Edmond Income-Producing Duplex Near School

      Well-maintained duplex near Edmond North High School, ideal for investors.
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    • $297,595

      Modern Patio Home Near Downtown

      Low-maintenance modern home near downtown Edmond with updated interior.
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    Similar Nearby for Lease

    • $10 SF/Yr
      1,823 SF

      Edmond Flex Space Available

      Well-maintained flex space with ample parking in central Edmond.
      1408-1733 S Fretz Ave, Edmond, OK 73003
      View Details
    • $10 SF/Yr
      2,635 SF

      Versatile Flex Space Available

      Well-maintained flex space with high ceilings and ample parking.
      1401-1419 Fretz Dr, Edmond, OK 73003
      View Details
    • $10 SF/Yr
      8,600 SF

      Edmond Flex Space: 6,000 SF Available

      Prime Edmond flex space, ample parking, immediate occupancy.
      1401 Fretz Dr, Edmond, OK 73003
      View Details
    • $10 SF/Yr
      2,736 SF

      2,736 SF Industrial Space For Lease - 1101 S. Fretz Avenue

      2,736 SF Industrial Space For Lease - 1101 S. Fretz Avenue
      1101 S. Fretz Avenue, Edmond, OK 73003
      View Details
    • $12 SF/Yr
      14,252 SF

      Edmond Flex Space: Prime Location

      Modern Flex Space, Edmond, OK
      224 Garage Dr, Edmond, OK 73003
      View Details
    • $10 SF/Yr
      3,000 SF

      Versatile Flex Space Available

      Adaptable flex space with high ceilings and ample parking.
      1421-1433 Fretz Dr, Edmond, OK 73003
      View Details
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    213 2nd St
    Edmond, OK 73003-5507
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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