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

    2301 Manchester Dr Village, OK 73120

    • Assisted living facilities
    • 34,795 SF
    • 4.26 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2024
    $2,775,000
    Value Estimations
    $2,800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0019478
    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

    • Assisted living facilities

    Property Details for 2301 Manchester Dr

    Year built
    2000
    Construction
    WOOD FRAME
    Lot size
    4.26 lot acres
    Property size
    34,795 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    20-171-1830
    APU
    201711830

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,849,000
      Market price range: $1.99M - $4.98M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $3,645,000
      Current use
      OFFICE BUILDING
      $4,465,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $4,295,000
      Change: +18% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,945,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Village
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5555
    Latitude
    35.5771
    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
    $32,836
    $61,236
    $212,150
    $273,386
    -
    $556,697
    $1,928,631
    $2,485,328

    Comparable in this City

    • Value Estimation
      $2,680,000
      29,524 SF

      8300 May Ave

      HOMES (RETIRED, NURSING) • 29,524 SF
      8300 May Ave, Oklahoma City, OK 73120-4500
      View Details
    • Value Estimation
      $6,430,000
      64,654 SF

      12928 May Ave

      HOMES (RETIRED, NURSING) • 64,654 SF
      12928 May Ave, Oklahoma City, OK 73120-0817
      View Details
    • Value Estimation
      $2,500,000
      40,457 SF

      12401 Trl Oaks Dr

      HOMES (RETIRED, NURSING) • 40,457 SF
      12401 Trl Oaks Dr, Oklahoma City, OK 73120-1701
      View Details
    • Value Estimation
      $6,030,000
      168,875 SF

      10401 Vineyard Blvd

      HOMES (RETIRED, NURSING) • 168,875 SF
      10401 Vineyard Blvd, Village, OK 73120-3781
      View Details
    • Value Estimation
      $4,300,000
      100,523 SF

      12401 Trl Oaks Dr

      HOMES (RETIRED, NURSING) • 100,523 SF
      12401 Trl Oaks Dr, Oklahoma City, OK 73120-1701
      View Details
    • Value Estimation
      $12,300,000
      67,154 SF

      2333 Tuscany Blvd

      HOMES (RETIRED, NURSING) • 67,154 SF
      2333 Tuscany Blvd, Village, OK 73120-3702
      View Details

    Similar Nearby for Sale

    • $599,000
      3,414 SF

      Modern Office Building with Conference

      Modern office building featuring a central conference room and breakroom.
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    • $140,000
      1,180 SF

      Renovated Condo with Modern Amenities

      Move-in ready, renovated 2-bed, 2-bath condo with community perks.
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    • $2,900,000
      18,468 SF

      Established Retail Center For Sale

      18,468 SF retail space in a high-traffic area.
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      View Details
    • $999,000
      3,639 SF

      Restaurant Building with Drive-Thru

      Free-standing restaurant building with drive-thru at NW 122nd & Pennsylvania.
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    • Contact for pricing
      Pending

      Oklahoma City Retail Space Available

      Retail space for lease in a high-traffic Oklahoma City location.
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    • $1,260,000
      4.74 Acres

      Oklahoma City Vacant Commercial Lot

      Vacant commercial lot near Chisholm Creek District in Oklahoma City.
      13201 Highland Park Blvd, Oklahoma City, OK 73120
      View Details

    Similar Nearby for Lease

    • $222 SF/Yr
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      Country Club Medical Office Park

      Oklahoma City medical office suites, newly renovated.
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      View Details
    • $14 SF/Yr
      1,595 SF

      1,030 SF-1,595 SF OFFICE For Lease - The Collanade - 9600-9652 N. May Avenue

      1,030 SF-1,595 SF OFFICE For Lease - The Collanade - 9600-9652 N. May Avenue
      9600-9652 N. May Avenue, Oklahoma City, OK 73120
      View Details
    • $10 SF/Yr
      59,000 SF

      The Collonade: Office Suites in The Village

      Prime Office Space, The Village, OK
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      View Details
    • $10 SF/Yr
      22,573 SF

      Oklahoma City Retail Center

      Prime Retail Space - Excellent Location
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      View Details
    • $8 SF/Yr
      91,176 SF

      Shoppes on May Retail Center

      Oklahoma City Retail Space: 7 Units Available
      9410 May Ave, The Village, OK 73120
      View Details
    • $18 SF/Yr
      2,000 SF

      Medical Office Space Available

      Medical office suite with exam rooms for rent.
      3414 NW 135Th St, Oklahoma City, OK 73120
      View Details
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    2301 Manchester Dr
    Village, OK 73120
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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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