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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Flex space
3301 50th St, Oklahoma City, OK 73121-5012
Entity Owned
3-yr Hold
Free & Clear
Property ID
US69-2364272
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1982
Construction
TILT-UP CONCRETE
Total area
6,000 SF
Lot
12.71 ac (553,648 SF)
APN
14-171-2715
UPID
US69-2364272
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
-
Mercy Clinic Sports Medicine - NW 50th Street Medical Clinic Physician
-
Steven Paul Brantley, MD Physician
-
Mercy Orthopedics Walk-in Care - NW 50th Street Physician
-
David Flesher, MD Physician
-
Lauren Parenica, PA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Rvsg Okc LLC · 3 yrs held
Rvsg Okc LLC
since 2023
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+271.6%
Medical building
$935,000
+103.3%
Auto repair, garage
$890,000
+93.6%
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 Oklahoma City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oklahoma City 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
$1,185,000
ML approach
$1,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,710,000
Change: +272% · Conversion: Difficult
MEDICAL BUILDING
$935,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$890,000
Change: +94% · Conversion: Easy
COMMERCIAL (GENERAL)
$850,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +61% · Conversion: Moderate
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10% · vs last sale $1.10M (Mar 27 2023)
Last sale anchor
$1.10M
Mar 27 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
$191 / 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
$3,941
Tax year 2023
Assessed value
$29,297
Assessed 2023
Previous assessed
$37,333
-21.5% YoY
Effective rate
13.45%
On assessed value
Assessed land
$2,987
Assessed improvement
$26,310
Land market value
$27,151
Improvement market value
$239,191
Total market value
$266,342
Applied tax rate
237.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1982
Construction
TILT-UP CONCRETE
Heating
SPACE
Stories
1
Units
1
Total area
6,000 SF
Lot
12.71 ac (553,648 SF)
APN
14-171-2715
UPID
US69-2364272
Jurisdiction
OKLAHOMA
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
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$850,000
OFFICE BUILDING
Est. value
$770,000
RETAIL STORES
Est. value
$740,000
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1982
Construction
TILT-UP CONCRETE
Heating
SPACE
Stories
1
Units
1
Lot
12.71 ac
Current owner
From public records · entity-resolved
Rvsg Okc LLC
Entity
Free & Clear · 3 yrs held
Mailing address
13238 S PEORIA AVE, BIXBY, OK 74008-4846
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2023
$1,100,000
Rvsg Okc LLC
Jesse Ray Cordray
Warranty Deed
—
Feb 10, 2023
—
Nancy J Cordray
Nancy J Cordray
Re-recorded Document
related
—
Dec 22, 2020
—
Jesse R Cordray
Cordray Nancy Family Trust
Quit Claim Deed
related
—
Oct 30, 2020
—
Cordray,nancy Family Trust
Nancy J Cordray
Quit Claim Deed
related
—
Feb 25, 2005
$201,500
Rick L Cordray
Black Oak Properties INC
Corporation Deed
$201,046 · Black Oak Properties INC
Aug 5, 1998
—
Black Oak Properties INC
Browning,jim & Laverna M
Grant Deed
related
—
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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