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    Property profile & analytics

    308 Rhode Island Ave Oklahoma City, OK 73117

    • Warehouses
    • 10,000 SF
    • 5.50 lot acres
    For Lease
    View listing
    $0.53 SF/Yr
    Value Estimation
    $265,000
    Last Sale
    Oct 02, 2023
    $250,000
    Location Intelligence
    Property ID
    US69-0397376
    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

    • Mills Enterprises Inc / Lumber Store
    • Cool Box Portable Storage / Self-Storage Facility / Moving And Storage Service

    Property Details for 308 Rhode Island Ave

    Year built
    1956
    Construction
    STEEL FRAME
    Lot size
    5.50 lot acres
    Property size
    10,000 SF
    Property type
    Warehouses
    APN
    13-360-6010
    APU
    133606010

    Description

    This exceptional 1.82-acre industrial lot, located at 308 Rhode Island Ave, Oklahoma City, OK 73117, presents a unique opportunity for businesses seeking a strategic location with excellent accessibility. Zoned I-2, this single-tenancy property boasts a fenced perimeter, level terrain, and ample space ideal for various industrial uses, including storage or outdoor workspaces. Its prime location just north of the Oklahoma River offers easy access to major thoroughfares such as I-44, I-35, and I-235, simplifying transportation and logistics. The property is conveniently situated off Kellham Drive, just south of NE 4th Street, providing easy access to NE 4th Street, Martin Luther King Avenue, and I-40. This versatile lot in Oklahoma County's South submarket offers a combination of prime location, convenient access, and ample space, making it an attractive option for a variety of industrial needs. The lot size is 1.82 acres, and the cross street is NE 4th St. This is a truly exceptional opportunity to establish your business in a highly accessible and well-connected location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $260,000
      6.5%
      $310,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $275,000
      Mixed-Use
      $245,000
      Hospitality
      $285,000
      Educational
      $260,000
      Residential Income
      $280,000
      Energy
      $280,000
      Income-Based Land
      $230,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4796
    Latitude
    35.4696
    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
    $4,776
    $8,250
    $30,637
    $38,887
    -
    $75,000
    $278,527
    $353,527

    Comparable in this City

    • Value Estimation
      $435,000
      16,006 SF

      1450 3rd St

      WAREHOUSE, STORAGE • 16,006 SF
      1450 3rd St, Oklahoma City, OK 73117-1610
      View Details
    • Value Estimation by Request
      10,080 SF

      4500 4th St

      WAREHOUSE, STORAGE • 10,080 SF
      4500 4th St, Oklahoma City, OK 73117-7600
      View Details
    • Value Estimation by Request
      15,484 SF

      1501 Reno Ave

      WAREHOUSE, STORAGE • 15,484 SF
      1501 Reno Ave, Oklahoma City, OK 73117-3401
      View Details
    • Value Estimation
      $380,000
      7,750 SF

      3400 4th St

      WAREHOUSE, STORAGE • 7,750 SF
      3400 4th St, Oklahoma City, OK 73117-6407
      View Details
    • Value Estimation
      $425,000
      16,950 SF

      3407 Reno Ave

      WAREHOUSE, STORAGE • 16,950 SF
      3407 Reno Ave, Oklahoma City, OK 73117-6612
      View Details
    • Value Estimation by Request
      19,250 SF

      1250 Reno Ave

      WAREHOUSE, STORAGE • 19,250 SF
      1250 Reno Ave, Oklahoma City, OK 73117-1808
      View Details

    Similar Nearby for Sale

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      59.00 Acres

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    • $1,350,000
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      Pending

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    Similar Nearby for Lease

    • $2,600 /Mo
      3,600 SF

      Renovated Warehouse South of Downtown

      Newly renovated warehouse with climate-controlled office and easy highway access.
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    • $0.53 SF/Yr
      79,279 SF

      Oklahoma City Industrial Land Lease

      1.82-acre fenced lot, I-44 access
      308 Rhode Island Ave, Oklahoma City, OK 73117
      View Details
    • $7,800 /Mo

      22 Acres Prime Commercial Land

      High-visibility 22-acre commercial land for lease in Oklahoma City.
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      View Details
    • $10 SF/Yr
      2,400 SF

      Adaptable Commercial Space For Rent

      Adaptable commercial space in thriving OKC, near State Fairgrounds.
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      View Details
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    Oklahoma City, OK 73117
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    Realmo Value Estimation

    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.

    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.

    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
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