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Property profile & analytics
OFF-MARKET
Estimated value
$5,920,000
Strip malls
3625 Expy Expressway Oklahoma City, OK 73112-4405
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US69-0436397
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,646 SF
Lot
13.91 ac (605,702 SF)
APN
14-985-1255
UPID
US69-0436397
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.20M
Blend (final)
Blend
$5.92M
Owner & transaction history
Desert Hm Cmntys Of Oklahoma LLC · 19 yrs held
Desert Hm Cmntys Of Oklahoma LLC
since 2006
Last sale
$5.7M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.1M
+37.7%
Auto repair, garage
$6.8M
+31.2%
Office building
$5.9M
+13.2%
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 Oklahoma City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oklahoma City 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
$6,100,000
ML approach
$6,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,175,000
Current use
MEDICAL BUILDING
$7,125,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,785,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$5,855,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$5,635,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,290,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$5.92M
Range $5.33M – $6.51M · ±10% · vs last sale $5.67M (Dec 15 2023)
Last sale anchor
$5.67M
Dec 15 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
$130 / 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
$66,241
Tax year 2023
Assessed value
$543,356
Assessed 2023
Previous assessed
$543,356
+0.0% YoY
Effective rate
12.19%
On assessed value
Assessed land
$172,154
Assessed improvement
$371,202
Land market value
$1,565,043
Improvement market value
$3,374,564
Total market value
$4,939,607
Applied tax rate
501.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
45,646 SF
Lot
13.91 ac (605,702 SF)
APN
14-985-1255
UPID
US69-0436397
Jurisdiction
OKLAHOMA
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.8M
OFFICE BUILDING
Est. value
$5.9M
RETAIL STORES
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
13.91 ac
Current owner
From public records · entity-resolved
Desert Hm Cmntys Of Oklahoma LLC
Entity
Mailing address
4045 NW 64TH ST STE #410, OKLAHOMA CITY, OK 73116-2617
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2006
$5,900,000
Desert Hm Cmntys Of Oklahoma LLC
Circuit Okla Prop Invtrs
Grant Deed
$3,900,000 · Artesia Mortgage Capital Corp
—
—
Desert Hm Cmntys Of Oklahoma LLC
—
Deed Of Trust
related
$5,000,000 · Citigroup Global Markets Rlty
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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