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

    3400 Kelly Ave Edmond, OK 73013

    • Warehouses
    • 350,000 SF
    • 28.69 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0346901
    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

    • The Petra B2B Store / Big Box & Wholesale Store
    • Morrison Cup Solutions / Big Box & Wholesale Store

    Property Details for 3400 Kelly Ave

    Year built
    1972
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    28.69 lot acres
    Property size
    350,000 SF
    Property type
    Warehouses
    APN
    18-250-1951
    APU
    182501951

    Description

    This exceptional 5.35-acre (233,046 sq ft) Class A industrial property, located at 3400 S Kelly Ave, Edmond, OK 73013 (33rd & Kelly), presents a prime opportunity for fleet vehicle parking and outdoor storage. Zoned I-2, this single-tenancy site boasts 518 parking spaces and offers unparalleled access to major transportation arteries, including I-35, US-77, and the Kilpatrick Turnpike, ensuring seamless logistics. Situated in Edmond's thriving commercial and industrial hub, the property benefits from proximity to supporting amenities such as vehicle service centers, fuel providers, and restaurants. Security features include gated access, complemented by Edmond's low crime rate. The property's ample space and strategic location, combined with Oklahoma County's supportive municipal infrastructure, create a compelling investment for businesses seeking a secure and efficient fleet management solution. The APN is R182501951. This exceptional offering provides a hassle-free, strategically located, and secure parking facility in a business-friendly environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,687,000
      Market price range: $5.69M - $12.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4931
    Latitude
    35.6224
    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
    $107,902
    $100,085
    $935,047
    $1,035,132
    -
    $1,114,150
    $10,409,015
    $11,523,165

    Comparable in this City

    • Value Estimation
      $720,000
      13,000 SF

      509 Westland Dr

      WAREHOUSE, STORAGE • 13,000 SF
      509 Westland Dr, Edmond, OK 73013-3724
      View Details
    • Value Estimation
      $2,030,000
      32,020 SF

      700 100th Oaks Dr

      WAREHOUSE, STORAGE • 32,020 SF
      700 100th Oaks Dr, Edmond, OK 73013
      View Details
    • Value Estimation
      $1,625,000
      79,785 SF

      401 33rd St

      WAREHOUSE, STORAGE • 79,785 SF
      401 33rd St, Edmond, OK 73013-3802
      View Details
    • Value Estimation
      $3,120,000
      148,368 SF

      14000 I 35th Frontage Rd

      MINI-WAREHOUSE, STORAGE • 148,368 SF
      14000 I 35th Frontage Rd, Oklahoma City, OK 73013
      View Details
    • Value Estimation
      $7,335,000
      140,000 SF

      2101 Kelly Ave

      WAREHOUSE, STORAGE • 140,000 SF
      2101 Kelly Ave, Edmond, OK 73013-3665
      View Details
    • Value Estimation
      $615,000
      39,600 SF

      309 Centennial Blvd

      MINI-WAREHOUSE, STORAGE • 39,600 SF
      309 Centennial Blvd, Edmond, OK 73013-3714
      View Details

    Similar Nearby for Sale

    • $1,100,000
      7,560 SF

      7,560 SF on 0.69 Acres Investment Property-Industrial Warehouse For Sale-14814-14816 Bristol Park Boulevard (UNDER CONTRACT)

      7,560 SF on 0.69 Acres Investment Property-Industrial Warehouse For Sale-14814-14816 Bristol Park Boulevard (UNDER CONTRACT)
      14814-14816 Bristol Park Boulevard, Edmond, OK 73013
      View Details
    • $871,200
      2.00 Acres

      Edmond Industrial Land - 2 Acres

      Prime Edmond location, I-35 access, buildable land.
      0 35.609676 -97.423076, Edmond, OK 73013
      View Details
    • $699,000
      3,105 SF

      Edmond Office Building - Great Investment

      Prime Edmond location, custom-built office space. High-traffic area, excellent access.
      912 139Th Street Pkwy, Edmond, OK 73013
      View Details
    • $990,000
      1.24 Acres

      Edmond Executive Office Building

      Prime Edmond location, 54,000 SF office space.
      and western 164Th St, Edmond, OK 73013
      View Details
    • Contact for pricing
      72,273 SF

      Prime Retail Location in Edmond

      High-quality retail center with market-leading tenants and excellent visibility.
      1189 E 15Th St, Edmond, OK 73013
      View Details
    • Contact for pricing
      1 SF

      Compact Dirt Development Opportunity

      Land with utilities, site plans, and PUD zoning.
      15200 Traditions Blvd, Edmond, OK 73013
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      12,000 SF

      Edmond Industrial Warehouse For Sale

      Modern 12,000 SF Warehouse in Edmond, OK
      304 145 Pl, Edmond, OK 73013
      View Details
    • $120 SF/Yr
      22,400 SF

      Edmond Warehouse Space Available

      Modern Edmond warehouse, flexible space options.
      7304 164Th St, Edmond, OK 73013
      View Details
    • $12 SF/Yr
      2,600 SF

      Industrial Unit with Climate-Controlled Office

      Industrial unit featuring climate-controlled office and heated warehouse space.
      14900 Bristol Park Blvd, Edmond, OK 73013
      View Details
    • $12 SF/Yr
      20,000 SF

      Edmond Industrial Flex Space

      20,000 SF Flex Space Available in Edmond, OK
      2600 Linda Ln, Edmond, OK 73013
      View Details
    • $10 SF/Yr
      5,560 SF

      Edmond Flex Space For Rent

      5,560 SF flex space with drive-in doors and A/C.
      14816 Bristol Park Blvd, Edmond, OK 73013
      View Details
    • $9 SF/Yr
      95,000 SF

      West Edmond Workshops: Multi-Use Space

      Versatile Edmond Industrial/Office Space
      7300 164Th St, Edmond, OK 73013
      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.
    3400 Kelly Ave
    Edmond, OK 73013
    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.