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Property profile & analytics
OFF-MARKET
Strip malls
2900 Classen Blvd, Oklahoma City, OK 73106-5464
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0185049
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,210 SF
Lot
0.81 ac (35,501 SF)
APN
05-005-8475
UPID
US69-0185049
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
-
Midnights Reaping Nightclub DJ & Entertainment
-
Chris A. Vannarath, DC Alternative Medicine Practice
-
Tastea Moment Cafe & Coffee Shop
-
Quach Dinh Insurance Insurance Agency
-
VII Asian Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lotus Square Enterprises LLC · 2 yrs held
Lotus Square Enterprises LLC
since 2024
Last sale
$572,500
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,526
Tax year 2023
Assessed value
$183,404
Assessed 2023
Previous assessed
$174,670
+5.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$19,791
Assessed improvement
$163,613
Land market value
$195,250
Improvement market value
$1,614,122
Total market value
$1,809,372
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
5
Total area
7,210 SF
Lot
0.81 ac (35,501 SF)
APN
05-005-8475
UPID
US69-0185049
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
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
5
Lot
0.81 ac
Current owner
From public records · entity-resolved
Lotus Square Enterprises LLC
Entity
Mailing address
1428 NW 28TH ST, OKLAHOMA CITY, OK 73106-3430
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
$572,500
Lotus Square Enterprises LLC
G E D Investments Limited Partnersh
Special Warranty Deed
$1,000,000 · Prosperity Bank
Feb 4, 2020
$20,000
Vicky Hua
Renne M Martin-lopez
Warranty Deed
—
Sep 22, 2017
—
Lotus Square Ents LLC
—
Deed
related
$500,000 · Prosperity Bk
May 16, 2006
—
Lotus Square Ents LLC
Hua,paul & Vicky
Warranty Deed
$700,000 · Coppermark Bank
Aug 31, 2004
$300,100
Paul Hua
Charania,rehana
Grant Deed
$120,000 · Weokie Cu
Aug 30, 2004
$500,000
Rehana Charania
First Ent Bank
Warranty Deed
$450,000 · First Enterprise Bank North
Oct 28, 2003
—
First Enterprise Bank
Gotez INC
Trustees Deed
related
—
Apr 6, 2001
—
Gotez INC
—
Grant Deed
related
$2,498,349 · First Enterprise Bank
—
—
Lotus Square Ents LLC
—
Loan Modification
related
$500,000 · Prosperity 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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