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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Strip malls
2210 23rd St Oklahoma City, OK 73107-2404
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US69-0589269
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1955
Construction
WOOD FRAME
Total area
16,775 SF
Lot
1.03 ac (44,693 SF)
APN
06-398-3000
UPID
US69-0589269
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
-
23rd Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Concepts Bathroom Designs Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.35M
Owner & transaction history
Alo Investments LLC · 5 yrs held
Alo Investments LLC
since 2020
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+37.7%
Auto repair, garage
$2.5M
+31.2%
Office building
$2.2M
+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
$2,350,000
ML approach
$2,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,900,000
Current use
MEDICAL BUILDING
$2,620,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,495,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$2,150,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$1,530,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Oct 30 2020)
Last sale anchor
$2.35M
Oct 30 2020
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
$140 / 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
$14,674
Tax year 2023
Assessed value
$119,476
Assessed 2023
Previous assessed
$249,901
-52.2% YoY
Effective rate
12.28%
On assessed value
Assessed land
$24,577
Assessed improvement
$94,899
Land market value
$223,435
Improvement market value
$862,717
Total market value
$1,086,152
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
1955
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
9
Total area
16,775 SF
Lot
1.03 ac (44,693 SF)
APN
06-398-3000
UPID
US69-0589269
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
$1.9M
MEDICAL BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$1.5M
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
1955
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
9
Lot
1.03 ac
Current owner
From public records · entity-resolved
Alo Investments LLC
Entity
Mailing address
17225 SADDLECREEK WAY, EDMOND, OK 73012-7417
Ownership since
2020
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 30, 2020
$2,350,000
Alo Investments LLC
Hassan Mazrouee
Warranty Deed
$1,880,000 · High Plains Bank
Mar 19, 2014
$1,525,000
Hassan Mazrouee
Sheriff Of Oklahoma County
Trustees Deed
—
Apr 13, 2006
$2,250,000
Ips Bbc Okc Investors LLC
Okyflynn Associates LLC
Grant Deed
$1,781,054 · First United Bank
Jun 25, 2004
$2,040,000
Okyflynn Associates LLC
Gottlieb Trust
Warranty Deed
—
—
—
Mazrouee,hassan & Afsaneh
—
Deed Of Trust
related
$1,147,797 · First Bethany Bk&tr
—
—
Ips Bbc Okc Investors LLC
—
Deed Of Trust
related
$1,640,816 · First United Bank
—
—
Ips Bbc Okc Investors LLC
—
Deed Of Trust
related
$1,689,408 · First United Bank
—
—
Ips Bbc Okc Investors LLC
—
Loan Modification, Consolidation And Extension
related
$1,781,054 · First United Bank
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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