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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3409 I 240th Service Rd Oklahoma City, OK 73135-1728

    • Auto shops
    • 8,000 SF
    • 21.64 lot acres
    OFF-MARKET
    Last Sale
    Aug 18, 2022
    $1,180,000
    Value Estimations
    $1,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0391200
    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

    • Auto shops

    Property Details for 3409 I 240th Service Rd

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    21.64 lot acres
    Property size
    8,000 SF
    Property type
    Auto shops
    APN
    13-168-6070
    APU
    131686070

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,155,000
      ML approach
      $1,140,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $984,000
      Market price range: $315k - $984k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,190,000
      Current use
      MEDICAL BUILDING
      $1,250,000
      Change: +5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,130,000
      Change: -5% Conversion: Moderate
      OFFICE BUILDING
      $1,025,000
      Change: -14% Conversion: Difficult
      RETAIL STORES
      $990,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4535
    Latitude
    35.394
    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
    $26,524
    $78,519
    $137,443
    $215,962
    -
    $720,000
    $1,260,316
    $1,980,316

    Comparable in this City

    • Value Estimation
      $2,930,000
      26,400 SF

      6917 Air Depot Blvd

      AUTO REPAIR, GARAGE • 26,400 SF
      6917 Air Depot Blvd, Oklahoma City, OK 73135-5907
      View Details
    • Value Estimation by Request
      3,780 SF

      3719 89th St

      AUTO REPAIR, GARAGE • 3,780 SF
      3719 89th St, Oklahoma City, OK 73135-6243
      View Details
    • Value Estimation
      $565,000
      4,000 SF

      3608 59th St

      AUTO REPAIR, GARAGE • 4,000 SF
      3608 59th St, Oklahoma City, OK 73135-1504
      View Details
    • Value Estimation
      $880,000
      15,200 SF

      3200 I 240th Service Rd

      AUTO REPAIR, GARAGE • 15,200 SF
      3200 I 240th Service Rd, Oklahoma City, OK 73135-1729
      View Details
    • Value Estimation
      $1,180,000
      19,170 SF

      6560 74th St

      AUTO REPAIR, GARAGE • 19,170 SF
      6560 74th St, Oklahoma City, OK 73135-1098
      View Details
    • Value Estimation
      $1,190,000
      8,400 SF

      7000 Sunnylane Rd

      AUTO REPAIR, GARAGE • 8,400 SF
      7000 Sunnylane Rd, Oklahoma City, OK 73135-1714
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      37,210 SF

      Oklahoma City Multi-Tenant Portfolio

      Seven-building portfolio, 37,210 SF, 5 acres
      8810-8880 S. Sunnylane Road, Oklahoma City, OK 73135
      View Details
    • $4,650,000
      77,500 SF

      Oklahoma City Industrial Complex

      77,500 SF Industrial Property - Sale/Lease
      6420 S. Air Depot Boulevard, Oklahoma City, OK 73135
      View Details
    • $650,000
      5.05 Acres

      Prime Industrial Land - OKC

      5.05 Acres, I-3 Zoning, Ready to Develop
      4300 59Th St, Oklahoma City, OK 73135
      View Details
    • $1,395,000
      7 SF

      I-240 Frontage Development Site

      7-acre commercial/industrial land with I-240 frontage, ready for development.
      I-240 Service Rd & Sunnylane Rd, Oklahoma City, OK 73135
      View Details
    • Contact for pricing

      Industrial Land Near Tinker AFB

      32+ acres of industrial land for development or build-to-suit.
      8030 Mid America Blvd, Oklahoma City, OK 73135
      View Details
    • $350,000
      2 SF

      2.8 Acres Office Land

      2.8 acres of commercial land with Sooner Road visibility.
      4601 S Sooner Rd, Oklahoma City, OK 73135
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      8,000 SF

      Retail Space For Rent

      8,000 square feet retail space available for lease.
      4500-4700 S Bryant Ave, Oklahoma City, OK 73135
      View Details
    • $17 SF/Yr
      3,185 SF

      Oklahoma City Retail Space

      High-traffic retail space, excellent visibility.
      5104 Sooner Rd, Oklahoma City, OK 73135
      View Details
    • $12 SF/Yr
      775 SF

      Oklahoma City Office Space Available

      775 square feet office space for rent in Oklahoma City.
      4101 SE 85Th St, Oklahoma City, OK 73135
      View Details
    • $27 SF/Yr
      12,171 SF

      Oklahoma City Office Space Available

      Office space available for lease in Oklahoma City, OK.
      7919 Mid America Blvd, Oklahoma City, OK 73135
      View Details
    • Contact for pricing
      60,000 SF

      Medical Office Space Available Soon

      Medical office space near Tinker AFB, delivery 4th Quarter 2024.
      5700 SE 77Th St, Oklahoma City, OK 73135
      View Details
    • Contact for pricing
      60,000 SF

      Medical Office Building for Lease

      Modern medical office space near Tinker AFB
      5700 77Th St, Oklahoma City, OK 73135
      View Details
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    Oklahoma City, OK 73135-1728
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    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
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