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Property profile & analytics
OFF-MARKET
Estimated value
$4,110,000
Warehouses
275 12th SE Ave Norman, OK 73071-4909
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US69-0369272
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Construction
STEEL FRAME
Total area
59,510 SF
Lot
5.17 ac (225,205 SF)
APN
NC29ANAT5 1 3001
UPID
US69-0369272
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$4.11M
Owner & transaction history
Ss 12th Avenue LLC · 10 yrs held
Ss 12th Avenue LLC
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.7M
+199.0%
Auto repair, garage
$6.0M
+168.9%
Restaurant
$6.0M
+166.7%
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
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
MEDICAL BUILDING
$6,705,000
Change: +199% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,030,000
Change: +169% · Conversion: Easy
RESTAURANT
$5,980,000
Change: +167% · Conversion: Difficult
OFFICE BUILDING
$4,070,000
Change: +82% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,605,000
Change: +61% · Conversion: Easy
Blend value · Realmo final
$4.11M
Range $3.70M – $4.52M · ±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
$69 / 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
$83,959
Tax year 2023
Assessed value
$699,190
Assessed 2023
Previous assessed
$665,895
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$208,380
Assessed improvement
$490,810
Land market value
$1,801,642
Improvement market value
$4,243,512
Total market value
$6,045,154
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
370
Total area
59,510 SF
Lot
5.17 ac (225,205 SF)
APN
NC29ANAT5 1 3001
UPID
US69-0369272
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
MEDICAL BUILDING
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.0M
RESTAURANT
Est. value
$6.0M
OFFICE BUILDING
Est. value
$4.1M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2003
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
370
Lot
5.17 ac
Current owner
From public records · entity-resolved
Ss 12th Avenue LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2016
$5,355,003
Ss 12th Avenue LLC
Vrec Pro Storage LLC
Grant Deed
$31,605,000 · Starwood Mtg Cap
Jul 9, 2014
$4,200,002
Vrec Pro Storage LLC
Azca Investments INC
Grant Deed
$3,055,000 · Independent Bk
Sep 4, 2008
$2,750,001
Azca Investments INC
Storage Oklahoma LLC
Warranty Deed
related
—
—
—
Azca Investments INC
—
Loan Modification
related
$1,900,000 · Republic Bank & Trust
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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