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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Flex space
3431 Macdonnell Dr Norman, OK 73069-8286
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US69-0236657
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Construction
STEEL FRAME
Total area
10,500 SF
Lot
0.53 ac (23,087 SF)
APN
NC29NTRP4 2 5002
UPID
US69-0236657
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
-
Twist & Shout Norman - Cheerleading and Tumbling Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$948k
Blend (final)
Blend
$950k
Owner & transaction history
Orson T Sykes · 2 yrs held
Orson T Sykes
since 2024
Last sale
$948,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman 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
$1,260,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$890,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$820,000
Current use
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $948k (Jun 22 2023)
Last sale anchor
$948k
Jun 22 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
$90 / 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
$8,492
Tax year 2023
Assessed value
$70,725
Assessed 2023
Previous assessed
$67,357
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$9,446
Assessed improvement
$61,279
Land market value
$115,435
Improvement market value
$748,802
Total market value
$864,237
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
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
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
10,500 SF
Lot
0.53 ac (23,087 SF)
APN
NC29NTRP4 2 5002
UPID
US69-0236657
Jurisdiction
CLEVELAND
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
INDUSTRIAL (GENERAL) Current
Est. value
$820,000
INDUSTRIAL (GENERAL) Current
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
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Orson T Sykes
Individual
Mailing address
5313 CANAAN CRK RD, EDMOND, OK 73034-9521
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2024
—
Orson T Sykes
Norman Shouters INC
Deed
related
—
Jun 22, 2023
$948,000
Norman Shouters INC
Orange Power Investments LLC
Special Warranty Deed
$758,400 · Crossfirst Bank
Jul 20, 2022
—
Orange Power Investments LLC
—
Deed
related
$327,219 · Mcclain Bank
Aug 23, 2018
—
Orange Power Investments LLC
—
Deed
related
$387,500 · Arvest Mtg
Jul 3, 2017
—
Orange Power Investments LLC
—
Deed
related
—
Dec 1, 2009
$560,000
Orange Power Invs LLC
Cesi Manufacturing LLC
Grant Deed
related
—
—
—
Orange Power Investments LLC
—
Deed Of Trust
related
$736,974 · Valliance Bank NA
—
—
Orange Power Investments LLC
—
Loan Modification
related
—
—
—
Orange Power Investments LLC
—
Deed Of Trust
related
$387,500 · Arvest Mtg
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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