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

    3450 56th St Oklahoma City, OK 73112-4404

    • Assisted living facilities
    • 81,428 SF
    • 3.44 lot acres
    OFF-MARKET
    Last Sale
    Dec 08, 2022
    Value Estimations
    $6,175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0981944
    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

    • Assisted living facilities

    Property Details for 3450 56th St

    Lot size
    3.44 lot acres
    Property size
    81,428 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    14-854-1010
    APU
    148541010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,529,000
      Market price range: $4.66M - $11.7M
      AI Estimate
      $3,819,000
      Market price range: $1.30M - $7.34M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $8,530,000
      Current use
      RETAIL STORES
      $10,050,000
      Change: +18% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $9,230,000
      Change: +8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,655,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5818
    Latitude
    35.5275
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $925,000
      31,750 SF

      5301 Brookline Ave

      HOMES (RETIRED, NURSING) • 31,750 SF
      5301 Brookline Ave, Oklahoma City, OK 73112-3516
      View Details
    • Value Estimation
      $575,000
      22,923 SF

      2801 61st St

      HOMES (RETIRED, NURSING) • 22,923 SF
      2801 61st St, Oklahoma City, OK 73112-7007
      View Details
    • Value Estimation by Request
      6,212 SF

      3718 Portland Ave

      HOMES (RETIRED, NURSING) • 6,212 SF
      3718 Portland Ave, Oklahoma City, OK 73112-2924
      View Details
    • Value Estimation
      $5,410,000
      78,537 SF

      6110 Pennsylvania Ave

      HOMES (RETIRED, NURSING) • 78,537 SF
      6110 Pennsylvania Ave, Oklahoma City, OK 73112-7361
      View Details
    • Value Estimation
      $2,815,000
      47,215 SF

      6312 Portland Ave

      HOMES (RETIRED, NURSING) • 47,215 SF
      6312 Portland Ave, Oklahoma City, OK 73112-1463
      View Details
    • Value Estimation by Request
      251,628 SF

      3030 Expressway

      Office space • 251,628 SF
      3030 Expressway, Oklahoma City, OK 73112
      View Details

    Similar Nearby for Sale

    • $3,200,000
      32,727 SF

      Mayfair Center: Medical Office Building

      Oklahoma City Medical Office, 32,727-37,190 SF
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    • $1,100,000
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      NW OKC Retail Center

      High-traffic, 100% occupied multi-tenant retail/office complex
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    • $1,100,000

      Redevelopment Opportunity with Highway Frontage

      2.59 acres with 12,000 SF building, ideal for redevelopment.
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    • $3,500,000
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      Oklahoma City Office Investment Opportunity

      Stabilized office building with long-term tenants, 78% occupied.
      4200 Perimeter Center Dr, Oklahoma City, OK 73112
      View Details
    • $629,700
      1,712 SF

      Short-Term Rental Investment Opportunity

      Three fully furnished short-term rentals with established income and management systems.
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    • $222,750
      1,321 SF

      Renovated Office and Retail Space

      Newly renovated office and retail space on N. Meridian Avenue.
      4401 N Meridian Ave, Warr Acres, OK 73112
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      6,249 SF

      OKC Office Space for Lease

      Flexible Workspace Solutions in Oklahoma City
      5600 May Ave, Oklahoma City, OK 73112
      View Details
    • $14 SF/Yr
      4,132 SF

      May Avenue Office Suite

      Oklahoma City Office Space: 2,100 SF Available
      3601 May Ave, Oklahoma City, OK 73112
      View Details
    • Contact for pricing
      251,628 SF

      Union Plaza Class A Offices

      Modern Offices, Ample Amenities, Suburban Convenience
      3030 Expressway, Oklahoma City, OK 73112
      View Details
    • $13 SF/Yr
      300,000 SF

      Landmark Towers: OKC Office Space

      Prime OKC office space, flexible suites.
      3535 58Th St, Oklahoma City, OK 73112
      View Details
    • Contact for pricing
      38,162 SF

      Retail Space on NW Expressway

      Retail space with high visibility and ample parking.
      3621-3625 Expressway NW, Oklahoma City, OK 73112
      View Details
    • $18 SF/Yr
      3,147 SF

      Office Space with Ample Parking

      Office space for rent with utilities and maintenance included.
      3525 NW 56Th St, Oklahoma City, OK 73112
      View Details
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    3450 56th St
    Oklahoma City, OK 73112-4404
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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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