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

    240 27th St Oklahoma City, OK 73160

    • Office buildings
    • 17,559 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimations
    $1,925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0675904
    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

    • Office buildings

    Property Details for 240 27th St

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.37 lot acres
    Property size
    17,559 SF
    Zone code
    R1
    Property type
    Office buildings
    APN
    MC2 10 3WMC2HGHP281004
    APU
    MC2103WMC2HGHP281004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,329,000
      Market price range: $1.43M - $3.13M
      AI Estimate
      $1,388,000
      Market price range: $520k - $2.03M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,255,000
      Current use
      MEDICAL BUILDING
      $2,740,000
      Change: +22% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,610,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,485,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $2,305,000
      Change: +2% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,990,000
      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
    -97.4917
    Latitude
    35.3629
    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
    $24,208
    $31,021
    $167,600
    $198,621
    -
    $298,425
    $1,612,299
    $1,910,724

    Comparable in this City

    • Value Estimation
      $675,000
      4,684 SF

      1040 4th St

      OFFICE BUILDING • 4,684 SF
      1040 4th St, Moore, OK 73160-2405
      View Details
    • Value Estimation
      $3,085,000
      31,548 SF

      2900 Telephone Rd

      OFFICE BUILDING • 31,548 SF
      2900 Telephone Rd, Moore, OK 73160-2968
      View Details
    • Value Estimation by Request
      2.57 Acres

      305 Broadway St

      OFFICE BUILDING • 2.57 Acres
      305 Broadway St, Moore, OK 73160-5215
      View Details
    • Value Estimation
      $965,000
      32,104 SF

      201 Broadway St

      OFFICE BUILDING • 32,104 SF
      201 Broadway St, Moore, OK 73160-5135
      View Details
    • Value Estimation
      $740,000
      5,779 SF

      9400 I 35th Service Rd

      OFFICE BUILDING • 5,779 SF
      9400 I 35th Service Rd, Moore, OK 73160-9043
      View Details
    • Value Estimation
      $1,120,000
      24,240 SF

      2617 Shields Blvd

      OFFICE BUILDING • 24,240 SF
      2617 Shields Blvd, Moore, OK 73160-3302
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,504 SF

      Oklahoma City Office Building For Sale

      Office building with 12,504 square feet available for purchase.
      4301 SW 3Rd St, Oklahoma City, OK 73160
      View Details
    • Contact for pricing
      6,000 SF

      6,000 SF Commercial Building

      Value-add investment property with development opportunity in Moore, OK.
      1930 N Broadway St, Moore, OK 73160
      View Details
    • $699,000
      5,620 SF

      Established Office Building with Tenants

      Landmark office building with long-term tenants and high traffic.
      504 Tower Dr, Moore, OK 73160
      View Details
    • Contact for pricing
      9,600 SF

      Freestanding Medical Office Building For Sale

      NNN leased medical office building with long-term tenant.
      400 N Eastern Ave, Moore, OK 73160
      View Details
    • $376,000
      4,000 SF

      Prime Moore Office Building

      Spacious Office, Shop, & Parking
      2128 Pole Rd, Moore, OK 73160
      View Details
    • $799,000
      7,297 SF

      Highway Frontage Commercial Opportunity

      Commercial property with high visibility on I-35 in Moore, OK.
      N Interstate Highway 35, Moore, OK 73160
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      6,385 SF

      Oklahoma City Office Space Available

      3,000 square feet of office space for rent.
      1244 NW 4Th St, Oklahoma City, OK 73160
      View Details
    • $11 SF/Yr
      21,200 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space with office, excellent I-35 access.
      2500 N Shields Blvd, Moore, OK 73160
      View Details
    • Contact for pricing

      Versatile Industrial Property For Lease

      Industrial property with office space, cranes, and secured yard.
      13020 S Sunnylane Rd, Oklahoma City, OK 73160
      View Details
    • $12 SF/Yr
      2,400 SF

      Office/Warehouse Facility Near Downtown OKC

      Office/warehouse facility with easy access to major interstates.
      2236 NW 10Th St, Oklahoma City, OK 73160
      View Details
    • $22 SF/Yr
      4,400 SF

      Renovated Retail/Office Space Available

      Four-story, renovated retail/office space with impressive views.
      220 SE 4Th St, Oklahoma City, OK 73160
      View Details
    • Contact for pricing
      10,000 SF

      Prime Location Office Space

      Office space for rent near key Oklahoma City landmarks.
      921 NE 23Rd St, Oklahoma City, OK 73160
      View Details
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    240 27th St
    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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