3317 Memorial Rd Edmond, OK 73013-7105
Entity Owned
~
Est. High Equity
Estimated value (blended)
$1.12M
Range $1.01M – $1.23M (±10%)
Implied cap rate
7.80%
In-place · NOI ÷ last sale
Property ID
US69-0061463
Property summary
AI-generated overview
The property is a 9,603-square-foot office building in Edmond, Oklahoma, situated on 0.86 acres and zoned PUD-455 (O-1). The building is configured with tenant space on the first floor and additional space on the second floor; the second floor contains 3,600 square feet that can function as either one contiguous unit or be divided into two 1,800-square-foot suites (Suite 201 and Suite 202). The first floor is arranged to accommodate multiple offices and common areas for two established tenants, with suite-level reception and shared space. The second floor includes eight large private offices, wood flooring, built-in workstations in four offices, abundant natural light, a break room with a full kitchen, and two ADA-compliant restrooms. The property is designed for office use and supports ongoing occupancy through lease-up and potential interior updates.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Construction
WOOD FRAME
Total area
9,603 SF
Lot
2.32 ac (101,190 SF)
APN
20-242-1000
UPID
US69-0061463
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Music Venue Theater & Performing Art Venue
-
Orthotics & Prosthetics Service
-
Counselor
-
Charitable Organization Social Service Agency
-
Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.12M
Owner & transaction history
since 2026
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Medical building
$1.8M
+15.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.12M
Value range
$1.01M – $1.23M
±10% around blend
Estimated value / SF
$117 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$1.01M
blend $1.12M
$1.23M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,603 SF
Lot area
2.32 ac
Year built
1999
Stories
2
APN
20-242-1000
Assessed value
$92,739
Annual tax
$11,038
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.34M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.45M
@ 6.5% CAP return
$1.34M
@ 7% CAP return
$1.24M
4
Sales comparison
Partial preview
Sales approach indication
$1.11M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.0 mi away · 7,826 SF
8.4 mi away · 8,490 SF
9.0 mi away · 9,000 SF
9.3 mi away · 9,903 SF
9.8 mi away · 9,055 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.12M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 93 sales
$165
-29%
Submarket 200 sales
$163
-29%
County 984 sales
$144
-19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $117/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+16%
vs current-use indication
Commercial (general) · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
7.80%
Implied, in-place cap rate for this other commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.80%
9.0%
NOI (est.)
$70k *
Last sale · Jan 2026
$1.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$897k
Move the market yield to see immediate price impact.
Value / SF
$93
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.30%7.80%8.30%
$63k
$863k
$808k
$759k
$70k
$959k
$897k
$843k
$77k
$1.05M
$987k
$928k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$1.05M
3.0 mi · Oct 2025 · $108/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,038
Tax year 2023
Assessed value
$92,739
Assessed 2023
Previous assessed
$92,739
+0.0% YoY
Effective rate
11.90%
On assessed value
Assessed land
$9,498
Assessed improvement
$83,241
Land market value
$86,346
Improvement market value
$756,743
Total market value
$843,089
Applied tax rate
212.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
5
Total area
9,603 SF
Lot
2.32 ac (101,190 SF)
APN
20-242-1000
UPID
US69-0061463
Jurisdiction
OKLAHOMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
5
Lot
2.32 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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