Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2300 89th St Oklahoma City, OK 73159-6394

    • Office buildings
    • 7,498 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0613118
    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

    • Warwick West / Apartment Building
    • Giovanni I Perry Attys At Law / Law Firm
    • Tatum Homes - Office / Construction Company / General Contractor

    Property Details for 2300 89th St

    Year built
    1982
    Construction
    WOOD FRAME
    Lot size
    0.99 lot acres
    Property size
    7,498 SF
    Zone code
    C3
    Property type
    Office buildings
    APN
    OCC2PENS2 3 B002
    APU
    OCC2PENS23B002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $665,000
      Market price range: $611k - $1.34M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $960,000
      Current use
      AUTO REPAIR, GARAGE
      $1,115,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,060,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $925,000
      Change: -4% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $850,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5512
    Latitude
    35.3768
    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
    $6,154
    $20,699
    $29,629
    $50,328
    -
    $172,496
    $246,906
    $419,402

    Comparable in this City

    • Value Estimation by Request
      3,575 SF

      2200 Shadowlake Dr

      OFFICE BUILDING • 3,575 SF
      2200 Shadowlake Dr, Oklahoma City, OK 73159-7440
      View Details
    • Value Estimation
      $805,000
      7,760 SF

      10405 Greenbriar Pl

      OFFICE BUILDING • 7,760 SF
      10405 Greenbriar Pl, Oklahoma City, OK 73159-7636
      View Details
    • Value Estimation
      $840,000
      8,100 SF

      10001 Pennsylvania Ave

      OFFICE BUILDING • 8,100 SF
      10001 Pennsylvania Ave, Oklahoma City, OK 73159-6923
      View Details
    • Value Estimation
      $895,000
      8,166 SF

      9620 Pennsylvania Ave

      OFFICE BUILDING • 8,166 SF
      9620 Pennsylvania Ave, Oklahoma City, OK 73159-6904
      View Details
    • Value Estimation by Request
      1,988 SF

      1530 89th St

      OFFICE BUILDING • 1,988 SF
      1530 89th St, Oklahoma City, OK 73159-6366
      View Details
    • Value Estimation
      $1,675,000
      17,315 SF

      10320 Pennsylvania Ave

      OFFICE BUILDING • 17,315 SF
      10320 Pennsylvania Ave, Oklahoma City, OK 73159-6916
      View Details

    Similar Nearby for Sale

    • $530,000
      4,083 SF

      Versatile Office Space in Oklahoma

      Equipped office space with modern amenities and convenient location.
      2124 Shadowlake Dr, Oklahoma City, OK 73159
      View Details
    • $475,000
      4,747 SF

      Oklahoma City Creative Office Space

      Newly remodeled, high-visibility office/retail building.
      1324 89Th St, Oklahoma City, OK 73159
      View Details
    • $560,000
      4,083 SF

      Versatile Office Space in Oklahoma

      Fully-equipped office space with modern amenities and convenient location.
      2124 Shadowlake Dr, Oklahoma City, OK 73159
      View Details
    • $398,000
      4,747 SF

      Remodeled Retail or Office Suites

      Remodeled suites ideal for office or retail use.
      1324 SW 89Th St, Oklahoma City, OK 73159
      View Details
    • $3,464,653

      Industrial Land Parcels For Sale

      Industrial land parcels available for development, near I-240.
      3001 SE 89Th St, Oklahoma City, OK 73159
      View Details
    • Contact for pricing

      Oklahoma City Retail Land Available

      Retail land with access to N Pennsylvania Ave.
      14434 N Pennsylvania Ave, Oklahoma City, OK 73159
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,911 SF

      Shadowlake Office Park: Premier Suites

      Executive office suites, Oklahoma City. Lake views.
      10005 Pennsylvania Ave, Oklahoma City, OK 73159
      View Details
    • $900 /Mo
      811 SF

      Office Space on S Pennsylvania

      Office space for rent on high-traffic S Pennsylvania Ave.
      10017 S Pennsylvania Ave, Oklahoma City, OK 73159
      View Details
    • $16 SF/Yr
      5,000 SF

      Office Space Available For Rent

      5000 sqft office space available for lease.
      3125 Southwest 89Th St, Oklahoma City, OK 73159
      View Details
    • Contact for pricing
      6,211 SF

      Office Space Available For Rent

      Office spaces with parking and remodeled common areas available.
      3033 NW 64Th St, Oklahoma City, OK 73159
      View Details
    • $14 SF/Yr
      9,356 SF

      Office Space with Ample Parking

      Office suites available with private offices, conference room, and parking.
      1625 Greenbriar Pl, Oklahoma City, OK 73159
      View Details
    • Contact for pricing
      2,664 SF

      Greenbriar Office Park Suites

      Executive Office Space in Moore, OK
      10401 Greenbriar Pkwy, Oklahoma City, OK 73159
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2300 89th St
    Oklahoma City, OK 73159-6394
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!