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    Property profile & analytics

    3517 Owen K Garriott Rd Enid, OK 73703-4952

    • Office buildings
    • 15,088 SF
    • 1.80 lot acres
    OFF-MARKET
    Value Estimations
    $2,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0847471
    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

    • Mitchel Gaston Riffel & Riffel: Mc Vay Dalen / Law Firm
    • St. Mary's Family Physicians / Medical Clinic
    • Dr. Kristy M. Petersen, MD / Pediatrician / Physician
    • Renah Gibson, DO / Pediatrician / Physician
    • Emily J Cooper, MD / Pediatrician / Physician

    Property Details for 3517 Owen K Garriott Rd

    Year built
    1972
    Lot size
    1.80 lot acres
    Property size
    15,088 SF
    Property type
    Office buildings
    APN
    4660-00-001-002-0-002-00
    APU
    466000001002000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,540,000
      6.5%
      $3,265,000
      7%
      $3,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,212,000
      Market price range: $706k - $2.66M
      AI Estimate
      $2,353,000
      Market price range: $836k - $2.66M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,670,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Enid
    County
    Garfield
    State
    Oklahoma
    Longitude
    -97.922
    Latitude
    36.3899
    CBSA code
    21420
    CBSA name
    ENID, OK MICROPOLITAN 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
    $21,076
    $53,346
    $146,359
    $199,705
    -
    $426,770
    $1,170,870
    $1,597,640

    Comparable in this City

    • Value Estimation by Request
      1,647 SF

      1710 Willow Rd

      OFFICE BUILDING • 1,647 SF
      1710 Willow Rd, Enid, OK 73703-2438
      View Details
    • Value Estimation by Request
      1,900 SF

      429 Cleveland St

      OFFICE BUILDING • 1,900 SF
      429 Cleveland St, Enid, OK 73703-5522
      View Details
    • Value Estimation by Request
      1,040 SF

      502 Cleveland St

      OFFICE BUILDING • 1,040 SF
      502 Cleveland St, Enid, OK 73703-5523
      View Details
    • Value Estimation by Request
      1,274 SF

      Owen K Garriott Rd

      OFFICE BUILDING • 1,274 SF
      Owen K Garriott Rd, Enid, OK 73703
      View Details
    • Value Estimation by Request
      1,650 SF

      2623 Van Buren St

      OFFICE BUILDING • 1,650 SF
      2623 Van Buren St, Enid, OK 73703-1713
      View Details
    • Value Estimation
      $545,000
      3,600 SF

      3825 Owen K Garriott Rd

      OFFICE BUILDING • 3,600 SF
      3825 Owen K Garriott Rd, Enid, OK 73703-4916
      View Details

    Similar Nearby for Sale

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      0.26 Acres

      Versatile Commercial Space in Enid

      Adaptable commercial property with income potential in Enid, Oklahoma.
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    • $220,000

      Enid Commercial Property for Sale

      Versatile commercial property suitable for various business opportunities in Enid.
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    • $550,000

      Enid Office Building with Amenities

      Centrally located office building with functional layout and ample amenities.
      1710 W Willow Bldg 3, Enid, OK 73703
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      9,000 SF

      Adaptable Commercial Space in Enid

      Spacious, two-story commercial property in downtown Enid with multi-use potential.
      221 W Randolph Ave, Enid, OK 73703
      View Details
    • $79,000
      0.81 Acres

      Enid, OK Land For Sale

      Land for sale in Chisholm School District, Chisholm Ranch neighborhood.
      7061 Chestwood Ln, Enid, OK 73703
      View Details
    • $59,900

      Residential Lots in Quiet Cul-de-Sac

      Two side-by-side residential lots in established neighborhood.
      4314 Zachary Ln, Enid, OK 73703
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    Similar Nearby for Lease

    • Contact for pricing
      4,918 SF

      Enid Office Space For Rent

      Office space available in Enid, multiple size options.
      1420 W Owen K Garriott Rd, Enid, OK 73703
      View Details
    • $10 SF/Yr

      Retail Space on Highway 60

      1,600 SF retail space with high visibility.
      2126 N Van Buren St, Enid, OK 73703
      View Details
    • Contact for pricing
      3,328 SF

      3,328 SF on 0.92 Acres Restaurant Building For Lease - 606 S. Garland Road

      3,328 SF on 0.92 Acres Restaurant Building For Lease - 606 S. Garland Road
      606 S. Garland Road, Enid, OK 73703
      View Details
    • $10 SF/Yr
      1,600 SF

      Retail Space in Growing Market

      Retail space ideal for retail, service, or restaurant use.
      2126 N Van Buren St, Enid, OK 73703
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in High Traffic Area

      Retail spaces available in a high-traffic shopping center.
      2311-2333 W Willow Rd, Enid, OK 73703
      View Details
    • $22 SF/Yr
      1,600 SF

      Retail Space For Lease

      Retail space available, anchored by national retailers, high traffic location.
      4406 W Owen K Garriott Rd, Enid, OK 73703
      View Details
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    Enid, OK 73703-4952
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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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