Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3224 Ann Arbor Ave Oklahoma City, OK 73179-7632
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3224 Ann Arbor Ave Oklahoma City, OK 73179-7632

    View on Map
    • Flex space
    • 7,500 SF
    • 1.03 lot acres
    Off-Market
    Property ID
    US69-0348049
    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.
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Denver Acoustics & Drywall Inc / Hardware & Home Improvement / Interior Design

    Property Details for 3224 Ann Arbor Ave

    Year built
    1999
    Construction
    STEEL FRAME
    Lot size
    1.03 lot acres
    Property size
    7,500 SF
    Property type
    Flex space
    APN
    14-194-2050
    APU
    141942050

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $700,000
      7%
      $650,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $830,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $850,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6104
    Latitude
    35.4324
    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
    $6,153
    $14,850
    $38,050
    $52,900
    -
    $135,000
    $345,914
    $480,914

    Comparable in this City

    • Value Estimation
      $1,580,000
      27,931 SF

      4520 Macarthur Blvd

      LIGHT INDUSTRIAL • 27,931 SF
      4520 Macarthur Blvd, Oklahoma City, OK 73179-8013
      View Details
    • Value Estimation
      $1,610,000
      25,000 SF

      6700 Newcastle Rd

      LIGHT INDUSTRIAL • 25,000 SF
      6700 Newcastle Rd, Oklahoma City, OK 73179-7204
      View Details
    • Value Estimation
      $675,000
      7,904 SF

      4601 United Dr

      LIGHT INDUSTRIAL • 7,904 SF
      4601 United Dr, Oklahoma City, OK 73179-7955
      View Details
    • Value Estimation
      $830,000
      9,925 SF

      4700 Council Rd

      LIGHT INDUSTRIAL • 9,925 SF
      4700 Council Rd, Oklahoma City, OK 73179-5100
      View Details
    • Value Estimation
      $2,175,000
      28,000 SF

      8200 29th St

      LIGHT INDUSTRIAL • 28,000 SF
      8200 29th St, Oklahoma City, OK 73179-3601
      View Details
    • Value Estimation
      $1,270,000
      22,500 SF

      7100 44th St

      LIGHT INDUSTRIAL • 22,500 SF
      7100 44th St, Oklahoma City, OK 73179-4303
      View Details

    Similar Nearby for Sale

    • $1,500,000
      1,500 SF

      Adaptable Flex Space with Office

      Adaptable space with office, restroom, and convenient highway access.
      3220 Cooke Way, Oklahoma City, OK 73179
      View Details
    • Contact for pricing
      76,600 SF

      Oklahoma City Manufacturing Property

      Manufacturing property with cranes and heavy power available for lease.
      6602 Newcastle Rd, Oklahoma City, OK 73179
      View Details
    • $1,500,000
      20,280 SF

      20,280 SF on 2.45 Acres Investment Property-Industrial Distribution Building For Sale-5421 SW 29th Street (UNDER CONTRACT)

      20,280 SF on 2.45 Acres Investment Property-Industrial Distribution Building For Sale-5421 SW 29th Street (UNDER CONTRACT)
      5421 SW 29th Street, Oklahoma City, Oklahoma City, OK 73179
      View Details
    • Contact for pricing
      415,000 SF

      Oklahoma City Industrial Asset

      Single-tenant industrial asset with long-term lease and CPI escalations.
      3333 S Council Rd, Oklahoma City, OK 73179
      View Details
    • $72,500
      0.38 Acres

      Residential Land in Quiet Cul-de-Sac

      Vacant lot in Mustang School District, build your dream home.
      9000 SW 42Nd St, Oklahoma City, OK 73179
      View Details
    • New
      $349,000
      2,210 SF

      Oklahoma City Multi-Family Investment

      Turn-key investor package featuring two newer construction homes.
      5512 Shiloh Dr, Oklahoma City, OK 73179
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      New Flex Warehouse Complex

      New flex warehouse complex in Oklahoma City's southwest submarket.
      3220 Cooke Way, Oklahoma City, OK 73179
      View Details
    • Contact for pricing
      73,500 SF

      Industrial Space Available For Rent

      73,500 square feet of industrial space for lease.
      6100 SW 44Th St, Oklahoma City, OK 73179
      View Details
    • $6 SF/Yr
      94,373 SF

      Oklahoma City Warehouse Near Airport

      Warehouse space available near I-240 and Will Rogers Airport.
      3701 South Thomas Rd, Oklahoma City, OK 73179
      View Details
    • $10 SF/Yr

      Industrial Space with Gated Yard

      Industrial property for lease with gated yard and office.
      3322 S Ann Arbor Ave, Oklahoma City, OK 73179
      View Details
    • $3,450 /Mo
      4,785 SF

      4,785 SF on 0.43 Acres Industrial Space For Lease - 5611 SW 38th Street

      4,785 SF on 0.43 Acres Industrial Space For Lease - 5611 SW 38th Street
      5611 SW 38th Street, Oklahoma City, OK 73179
      View Details
    • $6 SF/Yr
      30,000 SF

      Warehouse Space Near Major Highways

      30,000 sqft warehouse with convenient highway access for lease.
      7915 Southwest 34Th St, Oklahoma City, OK 73179
      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.
    3224 Ann Arbor Ave
    Oklahoma City, OK 73179-7632
    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.
    Sign Up Successful!
    You now have access to more from Realmo!