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

    3701 High Ave Oklahoma City, OK 73129-5235

    • Retail space
    • 2,562 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Nov 07, 2022
    $1,170,500
    Value Estimations
    $1,055,000
    Show details
    Cap Rate Potential
    4.4%
    Retail space
    Location Intelligence
    Property ID
    US69-2392595
    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

    • El Buen Pastor / Mexican Restaurant
    • ATM / Atm
    • Sinclair / Gas Station
    • SUPER MART / Gas Station / Convenience Store
    • Bitcoin Depot | Bitcoin ATM / Atm

    Property Details for 3701 High Ave

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.43 lot acres
    Property size
    2,562 SF
    Property type
    Retail space
    APN
    07-355-0100
    APU
    73550100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,145,000
      ML approach
      $1,180,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $845,000
      6.5%
      $780,000
      7%
      $720,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4951
    Latitude
    35.4276
    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
    $6,670
    $7,285
    $49,079
    $56,364
    -
    $66,234
    $446,166
    $512,400

    Comparable in this City

    • Value Estimation
      $240,000
      2,800 SF

      2331 15th St

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      2331 15th St, Oklahoma City, OK 73129-8172
      View Details
    • Value Estimation
      $265,000
      512 SF

      935 15th St

      RETAIL STORES (PERSONAL SERVICES) • 512 SF
      935 15th St, Oklahoma City, OK 73129-6001
      View Details
    • Value Estimation
      $240,000
      3,114 SF

      2318 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,114 SF
      2318 Central Ave, Oklahoma City, OK 73129-1832
      View Details
    • Value Estimation
      $310,000
      1,170 SF

      315 29th St

      RETAIL STORES (PERSONAL SERVICES) • 1,170 SF
      315 29th St, Oklahoma City, OK 73129-1855
      View Details
    • Value Estimation
      $325,000
      8,400 SF

      900 15th St

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      900 15th St, Oklahoma City, OK 73129-6002
      View Details
    • Value Estimation
      $335,000
      5,908 SF

      501 29th St

      RETAIL STORES (PERSONAL SERVICES) • 5,908 SF
      501 29th St, Oklahoma City, OK 73129-4711
      View Details

    Similar Nearby for Sale

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      Commercial property near Plaza Calle Dos Cinco, suitable for various ventures.
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    • $1,500,000
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      2,460 SF on 0.57 Retail Building For Sale - 142 S.E. 44th Street

      2,460 SF on 0.57 Retail Building For Sale - 142 S.E. 44th Street
      142 S.E. 44th Street, Oklahoma City, OK 73129
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    • $10,500,000
      18.00 Acres

      Oklahoma City Industrial Portfolio

      21 Buildings, 167,225 SF, High ROI
      I-35 St To High Ave, Oklahoma City, OK 73129
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    Similar Nearby for Lease

    • $13 SF/Yr
      3,240 SF

      Retail Space Near Midwest City

      Retail space available near Midwest City High School.
      7100 SE 15Th St, Oklahoma City, OK 73129
      View Details
    • $16 SF/Yr
      2,000 SF

      Retail Space with Highway Access

      Well-maintained retail space with excellent visibility and ample parking.
      1317 SE 44Th St, Oklahoma City, OK 73129
      View Details
    • $7,500 /Mo
      1,406 SF

      Former Sonic Drive-In For Rent

      Redevelopment opportunity in high-traffic corridor south of downtown.
      3000 I 35 Service Rd, Oklahoma City, OK 73129
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    • $8 SF/Yr
      5,470 SF

      Capitol Hill Restaurant Space

      Restaurant space in prime Capitol Hill location with strong foot traffic.
      322-324 SW 25Th St, Oklahoma City, OK 73129
      View Details
    • $3,250,000
      54,800 SF

      Spacious Warehouse with Fenced Yard

      Large warehouse with ample parking, storage, and heavy power.
      1545 SE 29Th St, Oklahoma City, OK 73129
      View Details
    • $8 SF/Yr
      14,000 SF

      Industrial Warehouse with Mezzanine

      14,000 SF warehouse space with 2,000 SF mezzanine.
      2020-2020 SE 18Th St, Oklahoma City, OK 73129
      View Details
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    3701 High Ave
    Oklahoma City, OK 73129-5235
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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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