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    2317 S Eastern Ave Oklahoma City, OK 73160
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    2317 S Eastern Ave Oklahoma City, OK 73160

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    • Commercial real estate
    • 2,928 SF
    • 3.28 lot acres
    For Lease
    View Listing →
    2317 S EASTERN AVE, OKLAHOMA CITY, OK For Lease
    Contact for pricing

    2317 S EASTERN AVE, OKLAHOMA CITY, OK

    Three-building office-warehouse complex with versatile space for various industrial uses.

    2317 S Eastern Ave, Oklahoma City, OK 73160
    View Listing
    Property ID
    US69-0228193
    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.
    Value Estimations
    $595,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A to Z Roofing and Construction, Inc. / Roofing Company / General Contractor
    • America Top Quality Roofing / Roofing Company / General Contractor
    • Royalty Real Estate / Real Estate Agency

    Property Details for 2317 S Eastern Ave

    Year built
    2002
    Construction
    WOOD FRAME
    Lot size
    3.28 lot acres
    Property size
    2,928 SF
    Property type
    Commercial real estate
    APN
    14-317-0650
    APU
    143170650

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $535,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $675,000
      6.5%
      $620,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $648,000
      Market price range: $163k - $649k
      AI Estimate
      $782,000
      Market price range: $232k - $783k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $410,000
      Current use
      MEDICAL BUILDING
      $455,000
      Change: +12% Conversion: Easy
      AUTO REPAIR, GARAGE
      $435,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $375,000
      Change: -8% Conversion: Easy
      RETAIL STORES
      $360,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4779
    Latitude
    35.4417
    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
    $7,997
    $10,505
    $52,726
    $63,231
    -
    $95,500
    $479,333
    $574,833

    Comparable in this City

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    • Value Estimation by Request
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      524 44th St, Oklahoma City, OK 73129-5402
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    • Value Estimation by Request
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      COMMERCIAL (GENERAL) • 0.08 Acres
      2614 Oklahoma Ave, Oklahoma City, OK 73129
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    • Value Estimation by Request
      0.16 Acres

      5306 Shields Blvd

      COMMERCIAL (GENERAL) • 0.16 Acres
      5306 Shields Blvd, Oklahoma City, OK 73129-3620
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    • Value Estimation by Request
      0.34 Acres

      508 28th St

      COMMERCIAL (GENERAL) • 0.34 Acres
      508 28th St, Oklahoma City, OK 73129
      View Details

    Similar Nearby for Sale

    • $725,000

      Versatile Office/Warehouse Space Available

      14,000 SF office/warehouse near I-35 in Oklahoma City.
      1517 Southeast 44Th St, Oklahoma City, OK 73129
      View Details
    • Contact for pricing
      6,800 SF

      Versatile Office Building For Lease

      Well-designed office building with ample parking and storage options.
      835 SE 30Th St, Oklahoma City, OK 73129
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    • $7,750,000

      33 Acres Manufacturing Site

      33 acres with office space, ideal for manufacturing.
      900 S Eastern Ave, Oklahoma City, OK 73129
      View Details
    • Contact for pricing
      Pending

      Residential Land in Oklahoma City

      Residential land available for building in Oklahoma City, Oklahoma.
      628 SW 35Th St, Oklahoma City, OK 73129
      View Details
    • $287,000
      0.64 Acres

      Prime Corner Lot in Oklahoma

      Corner lot in growing urban corridor, near future stadium.
      2113 S Central Ave, Oklahoma City, OK 73129
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    • Contact for pricing
      0.16 Acres

      Residential Land in Oklahoma City

      Residential land available for building in Oklahoma City, Oklahoma.
      821 SE 19Th St, Oklahoma City, OK 73129
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    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space with Highway Access

      Well-maintained retail space with excellent visibility and ample parking.
      1317 SE 44Th St, Oklahoma City, OK 73129
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    • Contact for pricing
      1,422 SF

      Windowed Office Space Near Tinker

      Office space near Tinker Air Force Base and I-40.
      7430 SE 15Th St, Oklahoma City, OK 73129
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    • $12 SF/Yr
      1,000 SF

      Adaptable Flex Space Available

      Heated warehouse with flexible office layouts and garage doors.
      1125 SE Grand Blvd, Oklahoma City, OK 73129
      View Details
    • Contact for pricing
      37,804 SF

      Oklahoma City Warehouse Space Available

      37,804 SF warehouse space for lease in Oklahoma City.
      30 SE 17Th St, Oklahoma City, OK 73129
      View Details
    • Contact for pricing
      1,406 SF

      Former Sonic Drive-In For Rent

      Redevelopment opportunity in high-traffic corridor south of downtown.
      3000 I 35 Service Rd, Oklahoma City, OK 73129
      View Details
    • $8 SF/Yr

      Industrial Space with Mezzanine

      12,000 SF industrial space plus 2,000 SF mezzanine available.
      2020 Southeast 18Th St, Oklahoma City, OK 73129
      View Details
    View Listing
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    Oklahoma City, OK 73160
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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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