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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Flex space
2215 39th St, Oklahoma City, OK 73112-8905
Entity Owned
5-yr Hold
Free & Clear
Property ID
US69-0775552
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,790 SF
Lot
0.64 ac (28,009 SF)
APN
05-515-4365
UPID
US69-0775552
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
-
Indigo Lounge OKC Bar & Pub
-
Rainbow Bistro Restaurant
-
Holistique Medical Wellness Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$545k
Owner & transaction history
White Spire Energy LLC · 5 yrs held
White Spire Energy LLC
since 2021
Last sale
$565,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$905,000
+103.3%
Auto repair, garage
$860,000
+93.6%
Office building
$745,000
+67.1%
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 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
$510,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$505,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$445,000
Current use
MEDICAL BUILDING
$905,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$860,000
Change: +94% · Conversion: Easy
OFFICE BUILDING
$745,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$715,000
Change: +61% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$545,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $565k (Jun 1 2021)
Last sale anchor
$565k
Jun 1 2021
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
$94 / 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
$7,617
Tax year 2023
Assessed value
$62,014
Assessed 2023
Previous assessed
$59,061
+5.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$6,525
Assessed improvement
$55,489
Land market value
$59,500
Improvement market value
$506,000
Total market value
$565,500
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
5,790 SF
Lot
0.64 ac (28,009 SF)
APN
05-515-4365
UPID
US69-0775552
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
INDUSTRIAL (GENERAL) Current
Est. value
$445,000
MEDICAL BUILDING
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$860,000
OFFICE BUILDING
Est. value
$745,000
RETAIL STORES
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$545,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
White Spire Energy LLC
Entity
Free & Clear · 5 yrs held
Mailing address
211 N ROBINSON AVE #1310, OKLAHOMA CITY, OK 73102-7109
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2021
$565,000
White Spire Energy LLC
Value Added Properties LP
Warranty Deed
—
Feb 4, 2010
$150,000
Value Added Properties LP
Mccarthys Marble INC
Warranty Deed
—
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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