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Property profile & analytics
OFF-MARKET
Flex space
3451 Flood Ave Norman, OK 73069-8240
Entity Owned
2-yr Hold
Free & Clear
Property ID
US69-0283661
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,000 SF
Lot
0.88 ac (38,333 SF)
APN
NC29NTRP3 6 1002
UPID
US69-0283661
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
-
EWS Everything Welding & Safety Inc. Big Box & Wholesale Store Building Supply
-
Care Trailers Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
J & M 3451 LLC · 2 yrs held
J & M 3451 LLC
since 2024
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,096
Tax year 2023
Assessed value
$34,115
Assessed 2023
Previous assessed
$34,115
+0.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$13,790
Assessed improvement
$20,325
Land market value
$192,390
Improvement market value
$283,562
Total market value
$475,952
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
6,000 SF
Lot
0.88 ac (38,333 SF)
APN
NC29NTRP3 6 1002
UPID
US69-0283661
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
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
J & M 3451 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
600 MONOMOY CT, NORMAN, OK 73071-7109
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
—
J & M 3451 LLC
—
Deed
related
$350,000 · First United Bank & Trust Co
Jan 26, 2024
—
J & M 3451 LLC
Jim C Waggoner
Quit Claim Deed
related
—
May 31, 2019
—
Jimmie C Waggoner
—
Deed
related
$860,000 · Republic Bk&tr
May 29, 2018
—
Jimmie C Waggoner
—
Deed
related
$700,000 · Republic Bk&tr
May 11, 2016
—
Jimmie C Waggoner
—
Deed
related
$700,000 · Republic Bk&tr
—
—
Waggoner,jimmie C & Helen M
—
Loan Modification
related
$540,000 · Republic Bk&tr
—
—
Jimmie C Waggoner
—
Loan Modification
related
$860,000 · Republic Bk&tr
—
—
Jimmie C Waggoner
—
Loan Modification
related
$440,000 · Republic Bank & Trust
—
—
Jimmie C Waggoner
—
Loan Modification
related
$700,000 · Republic Bk&tr
—
—
Jimmie C Waggoner
—
Loan Modification
related
$700,000 · Republic Bk&tr
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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