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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Strip malls
2624 Classen Blvd, Oklahoma City, OK 73106-5676
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US69-0403486
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,698 SF
Lot
0.6 ac (26,267 SF)
APN
05-035-5400
UPID
US69-0403486
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
-
Hong Ngoc (Bike/Boat/Book/etc) Store
-
Empire Dimsum kitchen and bar Restaurant
-
Liberty Legal Services PC Law Firm
-
Le Hair Design Hair Salon Nail Salon
-
Eat And Play Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$895k
Owner & transaction history
Y & Q Properties LLC · 13 yrs held
Y & Q Properties LLC
since 2012
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 Oklahoma City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oklahoma City 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,440,000
Current use
Blend value · Realmo final
$895k
Range $806k – $985k · ±10%
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
$70 / 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
$14,888
Tax year 2023
Assessed value
$121,222
Assessed 2023
Previous assessed
$115,450
+5.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$14,174
Assessed improvement
$107,048
Land market value
$131,250
Improvement market value
$991,236
Total market value
$1,122,486
Applied tax rate
200.0000
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
7
Total area
12,698 SF
Lot
0.6 ac (26,267 SF)
APN
05-035-5400
UPID
US69-0403486
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
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
7
Lot
0.6 ac
Current owner
From public records · entity-resolved
Y & Q Properties LLC
Entity
Mailing address
PO BOX 2267, OKLAHOMA CITY, OK 73101-2267
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
—
Y & Q Properties LLC
—
Deed
related
$514,248 · 5145
Aug 13, 2012
$3,372,000
Y & Q Properties LLC
Sun-moon Investment LLC
Grant Deed
$1,117,266 · First Enterprise Bank
Mar 4, 2011
—
Sun-moon Investment LLC
—
Trustees Deed
related
$2,700,000 · First Enterprise Bank
Aug 5, 2010
—
Sun-moon Investment LLC
—
Trustees Deed
related
$81,091 · Quail Creek Bank
Feb 12, 2010
—
Sun-moon Investment LLC
—
Trustees Deed
related
—
Sep 3, 2009
—
Sun-moon Investment LLC
—
Trustees Deed
related
$60,842 · Quail Creek Bank
Jan 7, 2008
—
Sun Moon Investments LLC
Asian Plaza INC
Corporation Deed
—
—
—
Y & Q Properties LLC
—
Loan Modification
related
$2,917,657 · First Ent Bk
—
—
Y & Q Properties LLC
—
Loan Modification
related
$2,917,657 · First Ent Bk
—
—
Sun-moon Investments LLC
—
Deed Of Trust
related
$120,000 · First Enterprise Bank North
—
—
Sun-moon Investments LLC
—
Deed Of Trust
related
$1,200,000 · First Enterprise Bank
—
—
Sun-moon Investments LLC
—
Deed Of Trust
related
$1,200,000 · First Enterprise Bank
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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