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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Strip malls
251 Harrah Rd Harrah, OK 73045-6626
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0989008
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2019
Total area
15,180 SF
Lot
1.84 ac (80,107 SF)
APN
20-688-1000
UPID
US69-0989008
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
-
The Simple Brew Cafe & Coffee Shop
-
Pierced TNT Hair Design LLC Hair Salon Nail Salon
-
Do or Dye Salon and Barber Shop Hair Salon
-
Luv It! Boutique Clothing & Fashion Store
-
Hynson's Classic Burgers Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$2.51M
Owner & transaction history
Prairie Harrah LLC · 4 yrs held
Prairie Harrah LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+40.3%
Auto repair, garage
$2.4M
+34.2%
Commercial (general)
$2.2M
+22.1%
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 Harrah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrah 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
$2,555,000
ML approach
$2,660,000
CAP Approach
CAP Return
Estimation
6%
$2,660,000
6.5%
$2,455,000
7%
$2,280,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,785,000
Current use
MEDICAL BUILDING
$2,505,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,395,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,180,000
Change: +22% · Conversion: Easy
RETAIL STORES
$1,940,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±10% · vs last sale $2.50M (Aug 4 2022)
Last sale anchor
$2.50M
Aug 4 2022
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
$165 / 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
$27,572
Tax year 2023
Assessed value
$281,689
Assessed 2023
Previous assessed
$154,916
+81.8% YoY
Effective rate
9.79%
On assessed value
Assessed land
$61,697
Assessed improvement
$219,992
Land market value
$560,882
Improvement market value
$1,999,930
Total market value
$2,560,812
Applied tax rate
507.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2019
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
15,180 SF
Lot
1.84 ac (80,107 SF)
APN
20-688-1000
UPID
US69-0989008
Jurisdiction
OKLAHOMA
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2019
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Prairie Harrah LLC
Entity
Mailing address
7605 DORSET DR, NICHOLS HILLS, OK 73116-4101
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2025
—
Prairie Harrah LLC
—
Deed
related
$200,514 · Citizens Bank
Apr 12, 2023
—
Prairie Harrah LLC
—
Deed
related
$200,000 · Citizens Bank Of Edmond
Aug 4, 2022
$2,500,000
Prairie Harrah LLC
Harrah Fall Creek LLC
Special Warranty Deed
$1,530,579 · Citizens Bank Of Edmond
Aug 5, 2020
—
Lindsey Laasch
—
Deed Of Trust
related
$143,281 · First United Bk
Nov 8, 2019
—
Harrah Ch LLC
City Of Harrah
Quit Claim Deed
—
Feb 4, 2019
$600,000
City Of Harrah
Harrah Fall Creek LLC
Warranty Deed
—
Nov 21, 2018
—
Harrah Fall Creek LLC
—
Deed
related
$2,050,000 · Primebank
Oct 30, 2018
$150,000
Harrah Fall Creek LLC
Fall Creek Dev LLC
Grant Deed
$400,000 · William Scott Martin Tr (ct)
Jun 22, 2018
—
Harrah Land Fc LLC
—
Deed
related
$357,600 · First Bk
Oct 25, 2016
—
Fall Creek Dev LLC
—
Deed
related
$6,791,783 · First Bk
Jul 7, 2011
—
Fall Creek Dev LLC
—
Deed Of Trust
related
$2,850,000 · First Capital Bank Kingfisher
Jun 5, 2007
$1,550,000
Fall Creek Development LLC
Midwest Development LLC
Warranty Deed
$1,325,758 · Stillwater Nat'l Bank & Trust
—
—
Fall Creek Dev LLC
—
Loan Modification
related
$3,471,220 · First Bk
—
—
Harrah Land Fc LLC
—
Loan Modification
related
$357,600 · First Bk
—
—
Fall Creek Dev LLC
—
Deed Of Trust
related
—
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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