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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Medical Office Space
3231 Healthplex Dr Norman, OK 73072-1043
Entity Owned
~
Est. High Equity
Property ID
US69-2150348
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Total area
17,324 SF
Lot
2.11 ac (91,999 SF)
APN
NC29NMPW5 6 35A001
UPID
US69-2150348
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
-
Norman Pediatric Associates Physician
-
Milligan Michael J DO Pediatrician Medical Clinic
-
Kristina Valentino Physician
-
Tadgy D Tadgy Pediatrician Medical Clinic
-
Tina Stinson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.60M
Owner & transaction history
Npa Medical Properties LLC
Npa Medical Properties LLC
since 2026
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+0.6%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,000,000
6.5%
$2,770,000
7%
$2,575,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,425,000
Current use
RETAIL STORES
$3,445,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$2,965,000
Change: -13% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,900,000
Change: -15% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,850,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10%
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
$150 / 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
$59,539
Tax year 2023
Assessed value
$495,829
Assessed 2023
Previous assessed
$472,218
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$96,622
Assessed improvement
$399,207
Land market value
$1,103,928
Improvement market value
$4,560,991
Total market value
$5,664,919
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2019
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
17,324 SF
Lot
2.11 ac (91,999 SF)
APN
NC29NMPW5 6 35A001
UPID
US69-2150348
Jurisdiction
CLEVELAND
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 Current
Est. value
$3.4M
RETAIL STORES
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2019
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Npa Medical Properties LLC
Entity
Mailing address
3231 HEALTHPLEX DR, NORMAN, OK 73072-1043
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
May 6, 2026
—
Npa Medical Properties LLC
—
Deed
related
$255,000 · Bokf NA
Aug 20, 2020
—
Npa Medical Properties LLC
—
Deed
related
$4,768,500 · Armstrong Bk
Dec 23, 2019
—
Npa Medical Properties LLC
—
Deed
related
$600,000 · Republic Bk&tr
—
—
Npa Medical Properties LLC
—
Deed Of Trust
related
$600,000 · Republic Bk&tr
—
—
Npa Medical Properties LLC
—
Loan Modification
related
$4,768,500 · Armstrong Bk
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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