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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Retail space
2501 Porter Ave Norman, OK 73071-7262
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US69-1173968
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Construction
STEEL FRAME
Total area
9,504 SF
Lot
1.15 ac (50,094 SF)
APN
NC29WODEP 2 2001
UPID
US69-1173968
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
-
Western Union Bank Credit Union
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.43M
Owner & transaction history
Exchangeright Essential Income 6 Ds
Exchangeright Essential Income 6 Ds
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman 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
$1,885,000
ML approach
$1,835,000
CAP Approach
CAP Return
Estimation
6%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,890,000
Current use
MEDICAL BUILDING
$1,880,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$1,625,000
Change: -14% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,590,000
Change: -16% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,565,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10% · vs last sale $1.32M (Jul 2 2025)
Last sale anchor
$1.32M
Jul 2 2025
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
$150 / 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
$9,830
Tax year 2023
Assessed value
$81,860
Assessed 2023
Previous assessed
$81,860
+0.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$18,111
Assessed improvement
$63,749
Land market value
$150,933
Improvement market value
$531,234
Total market value
$682,167
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
9,504 SF
Lot
1.15 ac (50,094 SF)
APN
NC29WODEP 2 2001
UPID
US69-1173968
Jurisdiction
CLEVELAND
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
RETAIL STORES Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2013
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Exchangeright Essential Income 6 Ds
Individual
Mailing address
2021 MCKINNEY AVE STE #1150, DALLAS, TX 75201-7632
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2025
$1,322,500
Exchangeright Essential Income 6 Ds
Ns Retail Holdings LLC
Special Warranty Deed
—
Oct 2, 2025
—
Exchangeright Essential Income 6 Ds
Ns Retail Holdings LLC
Deed
—
Sep 23, 2020
—
Ns Retail Holdings LLC
Everstar Income
Quit Claim Deed
related
—
Jul 5, 2016
—
Capview Income & Value Fund IV
—
Deed
related
$1,725,000 · Bank Of America
Dec 30, 2013
$1,481,500
Trinity Life Insurance Co
Norman Porter Dop Viii LLC
Grant Deed
—
Mar 4, 2013
$153,000
Norman Porter Dop Viii LLC
Woodcrest Realty Co INC
Warranty Deed
$1,030,000 · First Tennessee Bank National
—
—
Capview Income & Value Fund IV
—
Loan Modification
related
$1,725,000 · Bank Of America
—
—
Trinity Life Insurance Co
—
Deed Of Trust
related
$3,009,265 · Grand Bk
—
—
Capview Income & Value Fund IV
—
Loan Modification
related
$1,725,000 · Bank Of America
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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