Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    323 Sheridan Ave Oklahoma City, OK 73104-4234

    • Retail space
    • 6,687 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0068784
    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

    • Señor Shots / Nightclub / DJ & Entertainment

    Property Details for 323 Sheridan Ave

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.15 lot acres
    Property size
    6,687 SF
    Property type
    Retail space
    APN
    02-002-6300
    APU
    20026300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,077,000
      Market price range: $428k - $1.30M
      AI Estimate
      $676,000
      Market price range: $257k - $794k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $825,000
      Current use
      MEDICAL BUILDING
      $1,045,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $995,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $945,000
      Change: +15% Conversion: Easy
      OFFICE BUILDING
      $860,000
      Change: +4% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $760,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5064
    Latitude
    35.4667
    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
    $10,675
    $19,558
    $67,355
    $86,913
    -
    $325,000
    $1,119,259
    $1,444,259

    Comparable in this City

    • Value Estimation
      $1,225,000
      7,204 SF

      19 6th St

      RETAIL STORES (PERSONAL SERVICES) • 7,204 SF
      19 6th St, Oklahoma City, OK 73104-1801
      View Details
    • Value Estimation
      $690,000
      4,050 SF

      307 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      307 2nd St, Oklahoma City, OK 73104-4011
      View Details
    • Value Estimation
      $875,000
      5,151 SF

      216 Johnny Bench Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,151 SF
      216 Johnny Bench Dr, Oklahoma City, OK 73104-4216
      View Details
    • Value Estimation by Request
      735 SF

      107 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 735 SF
      107 3rd St, Oklahoma City, OK 73104-2237
      View Details
    • Value Estimation
      $14,485,000
      103,969 SF

      200 Bass Pro Dr

      RETAIL STORES (PERSONAL SERVICES) • 103,969 SF
      200 Bass Pro Dr, Oklahoma City, OK 73104-7000
      View Details
    • Value Estimation
      $2,325,000
      17,498 SF

      101 Mickey Mantle Dr

      RETAIL STORES (PERSONAL SERVICES) • 17,498 SF
      101 Mickey Mantle Dr, Oklahoma City, OK 73104-2480
      View Details

    Similar Nearby for Sale

    • $1,200,000
      6,400 SF

      Historic Bricktown Office/Warehouse Opportunity

      Historic Bricktown building suitable for adaptive reuse or continued commercial use.
      200 E Main St, Oklahoma City, OK 73104
      View Details
    • New
      $2,500,000
      14,485 SF

      Bricktown Historic Office/Warehouse Opportunity

      Historic Bricktown office/warehouse building available for redevelopment or continued commercial use.
      120 E Main St, Oklahoma City, OK 73104
      View Details
    • Contact for pricing
      10,500 SF

      Urban Core Mixed-Use Opportunity

      Vintage property in revitalizing Urban Core downtown Oklahoma City.
      1108 NW 10Th St, Oklahoma City, OK 73104
      View Details
    • $395,000
      1,878 SF

      Downtown OKC Retail Opportunity

      1,878 SF Vacant Retail Space, $395,000
      628 4Th St, Oklahoma City, OK 73104
      View Details
    • $9,350,000
      45,600 SF

      Bricktown Canal-Front Mixed-Use

      Prime Bricktown location, high-traffic area. Restaurant & bar opportunity.
      2 California Ave, Oklahoma City, OK 73104
      View Details
    • $120,000

      Commercial Land For Sale

      0.32 acres of land zoned I-2.
      1812-1816 NW 2Nd St, Oklahoma City, OK 73104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,391 SF

      Two-Story Retail Space Available

      Two-story retail space with exterior alley entry for rent.
      431 NW 10Th St, Oklahoma City, OK 73104
      View Details
    • $21 SF/Yr
      3,243 SF

      Retail Space in Oklahoma City

      Retail space available in a developing area of Oklahoma City.
      428 NW 10Th St, Oklahoma City, OK 73104
      View Details
    • Contact for pricing
      10,000 SF

      Bricktown Office/Retail/Restaurant Opportunity

      Two-story industrial-style building in Bricktown, ideal for various uses.
      Oklahoma City, OK 73104
      View Details
    • $22 SF/Yr
      107,250 SF

      Downtown OKC Corner Office Space

      3,277 SF, Bricktown Canal Views
      200 Oklahoma Ave, Oklahoma City, OK 73104
      View Details
    • $15 SF/Yr
      10,548 SF

      Turnkey Restaurant & Bar Space

      Restaurant and bar space in Bricktown, near future arena.
      17 E Sheridan Ave, Oklahoma City, OK 73104
      View Details
    • $18 SF/Yr
      8,254 SF

      1st Floor: 7,500 SF Retail & Office 7th Floor: 8,254 SF Office - Retail/Office Space at The Candy Factory

      1st Floor: 7,500 SF Retail & Office 7th Floor: 8,254 SF Office - Retail/Office Space at The Candy Factory
      1 E. Sheridan Avenue, Oklahoma City, OK 73104
      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.
    323 Sheridan Ave
    Oklahoma City, OK 73104-4234
    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.