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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Flex space
3221 Bart Conner Dr Norman, OK 73072-2407
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-0486061
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,424 SF
Lot
1.02 ac (44,475 SF)
Zoning code
I1
APN
NC29BREP3 1 1001
UPID
US69-0486061
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
-
E & L Upholstery Furniture & Home Goods
-
Poolice Pool and Spa Service & Maintenance Renovation Specialist General Contractor
-
J W Engine Service Auto Repair Shop Vehicle Inspection Center
-
Mohr Contracting Inc. Construction Company General Contractor
-
DeepReach Oxidation General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.31M
Owner & transaction history
The Corner Lot LLC · 3 yrs held
The Corner Lot LLC
since 2023
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
I1 · Norman, OK
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 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
$1,725,000
ML approach
$1,590,000
CAP Approach
CAP Return
Estimation
6%
$1,325,000
6.5%
$1,225,000
7%
$1,135,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,105,000
Current use
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.30M (Jul 5 2023)
Last sale anchor
$1.30M
Jul 5 2023
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
$98 / 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
$12,230
Tax year 2023
Assessed value
$101,847
Assessed 2023
Previous assessed
$96,997
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$22,472
Assessed improvement
$79,375
Land market value
$200,068
Improvement market value
$706,672
Total market value
$906,740
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Bathrooms
8
Total area
13,424 SF
Lot
1.02 ac (44,475 SF)
Zoning code
I1
APN
NC29BREP3 1 1001
UPID
US69-0486061
Jurisdiction
CLEVELAND
Zoning & alternative use
I1 · Norman, OK
Zoning I1 · permitted uses
I1 · Norman, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
8
Lot
1.02 ac
Current owner
From public records · entity-resolved
The Corner Lot LLC
Entity
Mailing address
5520 36TH AVE NW, NORMAN, OK 73072-1304
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2023
$1,300,000
The Corner Lot LLC
High Flyer Holdings INC
Warranty Deed
$627,628 · Liberty National Bank
Sep 3, 2019
$850,000
High Flyer Holdings INC
Burgees,philip & Crystal
Warranty Deed
$722,500 · Philip G Burgess
Sep 3, 2019
—
Philip Burgess
Wright Kindrix Okc LLC
Correction Deed
related
—
Jan 6, 2016
$550,000
Wright Kindrix Okc LLC
Burgess,philip & Crystal
Grant Deed
$550,000 · Philip & Crystal Burgess
Jan 3, 2014
$485,000
Philip Burgess
Prater,jan L
Grant Deed
—
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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