Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2800 Kelly Ave Edmond, OK 73003-3001

    • Commercial real estate
    • 3,788 SF
    • 0.53 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2021
    $713,000
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    4.5%
    Commercial real estate
    Location Intelligence
    Property ID
    US69-2277211
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Children's Dentistry of Coffee Creek / Pediatric Dentist
    • Cheatham Don DDS / Dentist
    • Scott Investment / Investment Service
    • Bin There Dump That - Oklahoma City Dumpster Rentals / Garbage Dump Service / Waste Management Service
    • Nations Kitchen and Bath / Kitchen Remodeler

    Property Details for 2800 Kelly Ave

    Year built
    2003
    Construction
    WOOD FRAME
    Lot size
    0.53 lot acres
    Property size
    3,788 SF
    Property type
    Commercial real estate
    APN
    20-449-1000
    APU
    204491000

    Description

    This exceptional 6,023-square-foot flex space, located at 2800 S Kelly Ave., Suite 100, Edmond, OK 73013, presents a unique opportunity for businesses seeking versatile office and industrial space. The property boasts a single-tenant occupancy, offering privacy and control. The high ceilings, measuring 13 feet, provide ample vertical space for various uses. The building's frontage is on Kelly Avenue, offering excellent visibility and accessibility. The space is classified as both office and industrial, making it suitable for a wide range of businesses. This location offers significant advantages, situated conveniently just half a mile west of the Broadway Extension and two miles north of the Broadway Extension/Kilpatrick Turnpike intersection, ensuring easy commutes and efficient transportation links. The surrounding area is rich in amenities, with a diverse selection of restaurants and retail establishments within a three-mile radius, providing employees and clients with numerous options for dining and shopping. The suites within the building are available for lease individually or as a combined unit, offering flexibility to accommodate businesses of varying sizes and needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $755,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $570,000
      6.5%
      $525,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $842,000
      Market price range: $293k - $923k
      AI Estimate
      $718,000
      Market price range: $277k - $825k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $625,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $930,000
      Change: +48% Conversion: Difficult
      RETAIL STORES
      $760,000
      Change: +21% Conversion: Easy
      MEDICAL BUILDING
      $725,000
      Change: +16% Conversion: Easy
      AUTO REPAIR, GARAGE
      $600,000
      Change: -4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4956
    Latitude
    35.683
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,179
    $20,442
    $58,018
    $78,460
    -
    $185,840
    $527,440
    $713,280

    Comparable in this City

    • Value Estimation
      $280,000
      0.40 Acres

      1048 Santa Fe Ave

      COMMERCIAL (GENERAL) • 0.40 Acres
      1048 Santa Fe Ave, Edmond, OK 73003
      View Details
    • Value Estimation
      $225,000
      1,268 SF

      601 Kelly Ave

      COMMERCIAL (GENERAL) • 1,268 SF
      601 Kelly Ave, Edmond, OK 73003-4800
      View Details
    • Value Estimation
      $85,000
      2,936 SF

      612 2nd St

      COMMERCIAL (GENERAL) • 2,936 SF
      612 2nd St, Edmond, OK 73003-5401
      View Details
    • Value Estimation
      $295,000
      2.80 Acres

      4000 Blvd St

      COMMERCIAL (GENERAL) • 2.80 Acres
      4000 Blvd St, Edmond, OK 73003-3016
      View Details
    • Value Estimation
      $625,000
      5,428 SF

      615 Kelly Ave

      COMMERCIAL (GENERAL) • 5,428 SF
      615 Kelly Ave, Edmond, OK 73003
      View Details
    • Value Estimation
      $470,000
      2,343 SF

      2814 Kelly Ave

      COMMERCIAL (GENERAL) • 2,343 SF
      2814 Kelly Ave, Edmond, OK 73003-3083
      View Details

    Similar Nearby for Sale

    • $3,000,000
      20.00 Acres

      Edmond Commercial Land - 40 Acres

      Prime Edmond development land, ideal for mixed-use projects.
      2nd St, Edmond, OK 73003
      View Details
    • $1,287,000
      2.04 Acres

      Edmond Commercial Land - Prime Location

      2.04 Acres, Build-Ready, High Traffic
      Covell Village Dr, Edmond, OK 73003
      View Details
    • $350,000

      Edmond Office Land - Build to Suit

      Last Lot! Prime Edmond Location. Build Your Dream Office.
      2101 Kelly Ave, Edmond, OK 73003
      View Details
    • $1,200,000

      Commercial Land Redevelopment Opportunity

      Commercial land available for redevelopment in Edmond, Oklahoma.
      800 S Santa Fe Ave, Edmond, OK 73003
      View Details
    • $699,000
      3,294 SF

      Move-in Ready Garden Style Office

      Garden style office space with modern interior finishes and parking.
      708 N Santa Fe Ave, Edmond, OK 73003
      View Details
    • $334,900
      1,859 SF

      Urban Home with Rooftop Terrace

      Bright, modern 2-bedroom home near downtown Edmond with rooftop hot tub.
      479 S Fretz Ave, Edmond, OK 73003
      View Details

    Similar Nearby for Lease

    • $750 /Mo
      250 SF

      Office Space Available For Rent

      Office space available for rent in Edmond, Oklahoma.
      136 E 5Th St, Edmond, OK 73003
      View Details
    • $42 SF/Yr
      2,760 SF

      Former Restaurant Space Available

      Former fast food restaurant for sublease in front of Walmart.
      2108 W Danforth Rd, Edmond, OK 73003
      View Details
    • $18 SF/Yr
      1,700 SF

      Retail Space in Kickingbird Square

      Retail space for lease in a busy Edmond shopping center.
      1215-1417 E Danforth Rd, Edmond, OK 73003
      View Details
    • $17 SF/Yr
      2,000 SF

      Edmond Retail Space: 2,000 SF

      High-visibility Edmond retail suite, ample parking.
      201-285 S. Santa Fe Avenue, Edmond, OK 73003
      View Details
    • $10 SF/Yr
      86,427 SF

      Kelly Plaza Retail Center

      Edmond, OK Shopping Center Opportunity
      828-840 Edmond Rd, Edmond, OK 73003
      View Details
    • $13 SF/Yr
      1,400 SF

      Retail Space Near Walmart

      Retail space in a high-traffic area near major retailers.
      2000 W Danforth Rd, Edmond, OK 73003
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2800 Kelly Ave
    Edmond, OK 73003-3001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.