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

    3405 29th St Del City, OK 73115-1609

    • Flex space
    • 66,442 SF
    • 9.43 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2024
    Value Estimations
    $3,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0524197
    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

    • Flex space

    Property Details for 3405 29th St

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.43 lot acres
    Property size
    66,442 SF
    Property type
    Flex space
    APN
    15-394-7285
    APU
    153947285

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,020,000
      Market price range: $3.02M - $7.44M
      AI Estimate
      $2,391,000
      Market price range: $2.39M - $4.48M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,105,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Del City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.454
    Latitude
    35.436
    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
    $20,984
    $27,567
    $159,020
    $186,587
    -
    $353,414
    $2,038,675
    $2,392,089

    Comparable in this City

    • Value Estimation by Request
      4,225 SF

      3401 Tinker Diagonal St

      Distribution properties • 4,225 SF
      3401 Tinker Diagonal St, Del City, OK 73115
      View Details
    • Value Estimation by Request
      6,720 SF

      3025 Holliday Ave

      LIGHT INDUSTRIAL • 6,720 SF
      3025 Holliday Ave, Del City, OK 73115-3415
      View Details
    • Value Estimation by Request
      3,200 SF

      3921 Bryant Ave

      LIGHT INDUSTRIAL • 3,200 SF
      3921 Bryant Ave, Del City, OK 73115-1841
      View Details
    • Value Estimation by Request
      6,000 SF

      3701 Bryant Ave

      LIGHT INDUSTRIAL • 6,000 SF
      3701 Bryant Ave, Del City, OK 73115-1813
      View Details
    • Value Estimation by Request
      3,960 SF

      401 Sunnylane Rd

      LIGHT INDUSTRIAL • 3,960 SF
      401 Sunnylane Rd, Del City, OK 73115-2941
      View Details
    • Value Estimation
      $610,000
      11,600 SF

      224 Bryant Pl

      LIGHT INDUSTRIAL • 11,600 SF
      224 Bryant Pl, Del City, OK 73115-1002
      View Details

    Similar Nearby for Sale

    • $560,000
      6,000 SF

      6,000 SF on 0.71 Acres Investment Property/Industrial Warehouse For Sale-327 S. Scott Street (UNDER CONTRACT)

      6,000 SF on 0.71 Acres Investment Property/Industrial Warehouse For Sale-327 S. Scott Street (UNDER CONTRACT)
      327 S. Scott Street, Del City, OK 73115
      View Details
    • $1,150,000
      13,200 SF

      Del City Cannabis Facilities

      Two industrial buildings suitable for cannabis cultivation and processing.
      225-229 Bryant Pl, Del City, OK 73115
      View Details
    • $125,000
      1 SF

      Industrial Land with Billboard Lease

      One acre of land with existing billboard lease income.
      321 Bryant Pl, Del City, OK 73115
      View Details
    • $435,600
      10.00 Acres

      Prime Commercial Tract on I-20

      10-acre commercial tract with high visibility and endless potential.
      I-20 Service Rd, Oklahoma City, OK 73115
      View Details
    • Contact for pricing
      15,000.00 Acres

      15,000 Sq. Ft. pad site

      Prced Right 3300 SE 15th St. - Del City, OK
      3300 15Th St, Del City, OK 73115
      View Details
    • $297,300
      0.50 Acres

      Del City Commercial Land - 0.5 Acres

      Prime Del City land near Tinker AFB. Seller financing available.
      5400 S.E. 29th Street, Del City, OK 73115
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      18,384 SF

      Ponderosa Plaza: Del City Retail

      Prime Del City retail space available.
      4330 29 St, Del City, OK 73115
      View Details
    • $14 SF/Yr
      1,933 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease near Del City High.
      1911 S Sunnylane Rd, Oklahoma City, OK 73115
      View Details
    • $16 SF/Yr
      12,139 SF

      Mid Del Plaza Retail Space

      Oklahoma City Retail Center, 2 Suites Available
      5529 15Th St, Oklahoma City, OK 73115
      View Details
    • $15 SF/Yr
      17,220 SF

      Del City Retail Center Investment

      Prime Retail Space, High Traffic Area
      5001 Main St, Del City, OK 73115
      View Details
    • $10 SF/Yr
      4,124 SF

      Del City Office Space for Lease

      Versatile office space, ideal for various uses.
      2820 Linda Ln, Del City, OK 73115
      View Details
    • Contact for pricing
      23,415 SF

      Prime Del City Retail Center

      High-traffic location, 2,801 SF available
      4407 29 St, Del City, OK 73115
      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.
    3405 29th St
    Del City, OK 73115-1609
    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.