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Property profile & analytics
OFF-MARKET
Estimated value
$3,635,000
Strip malls
2620 Classen Blvd Norman, OK 73071-4327
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-2147456
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Total area
11,484 SF
Lot
1.31 ac (57,281 SF)
APN
NC29CLCAR 1 2001
UPID
US69-2147456
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
-
Wingstop Restaurant
-
Marco's Pizza Restaurant
-
SMOKE LAND & VAPE NORMAN (Bike/Boat/Book/etc) Store
-
Classen Crossing Apartments Apartment Complex
-
QDOBA Mexican Eats Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.64M
Owner & transaction history
Nyssa Raatko LLC · 3 yrs held
Nyssa Raatko LLC
since 2022
Last sale
$3.8M
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
$3,315,000
ML approach
$3,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.64M
Range $3.27M – $4.00M · ±10% · vs last sale $3.77M (Oct 3 2022)
Last sale anchor
$3.77M
Oct 3 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
$317 / 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
$49,713
Tax year 2023
Assessed value
$414,000
Assessed 2023
Previous assessed
$156,662
+164.3% YoY
Effective rate
12.01%
On assessed value
Assessed land
$82,513
Assessed improvement
$331,487
Land market value
$687,612
Improvement market value
$2,762,388
Total market value
$3,450,000
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
2017
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,484 SF
Lot
1.31 ac (57,281 SF)
APN
NC29CLCAR 1 2001
UPID
US69-2147456
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
Building & site characteristics
From public records
Year built
2017
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Nyssa Raatko LLC
Entity
Mailing address
600 NW 23RD ST STE #200, OKLAHOMA CITY, OK 73103-1464
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$3,765,000
Nyssa Raatko LLC
Classen Crossing LLC
Warranty Deed
$101,001 · First National Bank & Trust Co
Apr 1, 2020
—
Classen Crossing LLC
—
Deed
related
$1,947,235 · Rcb Bk
Jul 31, 2014
$1,076,501
Classen Crossing LLC
Graves Ben L Trust
Grant Deed
related
—
Dec 10, 2013
$400,000
Graves,ben L Trust
Nottoli,joann
Warranty Deed
—
Dec 10, 2013
—
Joann P Nottoli
Nottoli,victor
Affidavit Of Death
related
—
—
—
Classen Crossing LLC
—
Loan Modification
related
$3,594,974 · Rcb Bk
—
—
Classen Crossing LLC
—
Loan Modification
related
$1,947,235 · Rcb Bk
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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