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Property profile & analytics
FOR SALE
Flex space
3701 N Meridian Ave Oklahoma City, OK 73112
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US69-0604773
For Sale
1 / 39
$950,000
3701 N Meridian Ave, Oklahoma City, OK 73112
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2008
Construction
STEEL FRAME
Total area
6,600 SF
Lot
3.61 ac (157,208 SF)
APN
14-194-4055
UPID
US69-0604773
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
-
Capps Van & Truck Rental Car Rental Facility
-
Jim Hoffhines - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$635k
Owner & transaction history
Mcfarland Real Estate LLC · 6 yrs held
Mcfarland Real Estate LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+103.3%
Auto repair, garage
$980,000
+93.6%
Office building
$845,000
+67.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$615,000
7%
$575,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$505,000
Current use
MEDICAL BUILDING
$1,030,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$980,000
Change: +94% · Conversion: Easy
OFFICE BUILDING
$845,000
Change: +67% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$750,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$715,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$550,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
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
$96 / 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
$9,797
Tax year 2023
Assessed value
$84,231
Assessed 2023
Previous assessed
$80,220
+5.0% YoY
Effective rate
11.63%
On assessed value
Assessed land
$35,929
Assessed improvement
$48,302
Land market value
$364,490
Improvement market value
$490,010
Total market value
$854,500
Applied tax rate
341.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
2008
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
6,600 SF
Lot
3.61 ac (157,208 SF)
APN
14-194-4055
UPID
US69-0604773
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
INDUSTRIAL (GENERAL) Current
Est. value
$505,000
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$980,000
OFFICE BUILDING
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$750,000
RETAIL STORES
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$550,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
3.61 ac
Current owner
From public records · entity-resolved
Mcfarland Real Estate LLC
Entity
Free & Clear · 6 yrs held
Mailing address
8555 JOHN W CARPENTER FWY, DALLAS, TX 75247-4630
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2020
—
Mcfarland Real Estate LLC
Joyce A Mcfarland
Deed
related
—
Apr 20, 2020
—
Joyce A Mcfarland
Donald R Mcfarland
Quitclaim Deed
related
—
Mar 30, 2009
—
Dave Capps Family
—
Trustees Deed
related
$372,000 · Frost National Bank
Jan 31, 2008
$465,000
Dave Capps Family
Pcaa Sp LLC
Warranty Deed
$372,000 · Frost National Bank
—
—
Dave Capps Family LP|hinsey,bryan L
—
Loan Modification
related
$509,012 · Frost Bk
—
—
Dave Capps Family
—
Deed Of Trust
related
$720,000 · Frost Nat'l Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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