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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Retail space
3035 23rd St, Oklahoma City, OK 73121
Entity Owned
1-yr Hold
Free & Clear
Property ID
US69-0584552
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
STEEL FRAME
Total area
2,480 SF
Lot
8.49 ac (369,824 SF)
APN
14-114-5200
UPID
US69-0584552
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$484k
Blend (final)
Blend
$545k
Owner & transaction history
Frayer Enterprises LLC · 1 yrs held
Frayer Enterprises LLC
since 2025
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$385,000
+26.5%
Auto repair, garage
$370,000
+20.5%
Commercial (general)
$350,000
+14.6%
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
$545,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$385,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$370,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$350,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $600k (Jun 4 2021)
Last sale anchor
$600k
Jun 4 2021
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
$220 / 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
$6,761
Tax year 2023
Assessed value
$54,996
Assessed 2023
Previous assessed
$54,996
+0.0% YoY
Effective rate
12.29%
On assessed value
Assessed land
$15,717
Assessed improvement
$39,279
Land market value
$142,887
Improvement market value
$357,081
Total market value
$499,968
Applied tax rate
252.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,480 SF
Lot
8.49 ac (369,824 SF)
APN
14-114-5200
UPID
US69-0584552
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
MEDICAL BUILDING
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$370,000
COMMERCIAL (GENERAL)
Est. value
$350,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
2000
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
8.49 ac
Current owner
From public records · entity-resolved
Frayer Enterprises LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 31284, EDMOND, OK 73003-0022
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
$1,800,000
Frayer Enterprises LLC
Green Spot Property LLC
Warranty Deed
—
Jun 4, 2021
$600,000
Green Spot Property LLC
Roy Dale Murphy
Warranty Deed
$607,769 · Legacy Bank
Jan 31, 2002
$125,000
Roy D Murphy
Murphy,roy D & Marilyn R
Grant Deed
related
$200,000 · Roy D & Murphy R Murphy
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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