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Property profile & analytics
FOR LEASE
Medical Office Space
3705 NW 63Rd St, Oklahoma City, OK 73116
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US69-0364698
For Lease
1 / 8
$25 SF/Yr
3705 NW 63Rd St, Oklahoma City, OK 73116
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,641 SF
Lot
2.05 ac (89,298 SF)
APN
14-983-1340
UPID
US69-0364698
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
-
Victoria T. Bryant, RN Registered General Nurse
-
SSO Foot & Ankle Clinic Medical Clinic
-
Lange William A Employment Agency
-
Pflughoft Michael J Employment Agency
-
Alliance Health Medical Group Family Medicine on NW 63rd Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.59M
Blend (final)
Blend
$4.63M
Owner & transaction history
Alkat Investment Co · 22 yrs held
Alkat Investment Co
since 2003
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,655,000
Current use
COMMERCIAL (GENERAL)
$6,355,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,340,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$5,470,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$4.63M
Range $4.16M – $5.09M · ±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
$108 / 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
$65,759
Tax year 2023
Assessed value
$539,408
Assessed 2023
Previous assessed
$602,026
-10.4% YoY
Effective rate
12.19%
On assessed value
Assessed land
$62,468
Assessed improvement
$476,940
Land market value
$567,894
Improvement market value
$4,335,821
Total market value
$4,903,715
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
YES
Stories
2
Units
7
Total area
42,641 SF
Lot
2.05 ac (89,298 SF)
APN
14-983-1340
UPID
US69-0364698
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
MEDICAL BUILDING Current
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.5M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
Yes
Stories
2
Units
7
Lot
2.05 ac
Current owner
From public records · entity-resolved
Alkat Investment Co
Entity
Mailing address
4127 NW 122ND ST STE F, OKLAHOMA CITY, OK 73120-8880
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2016
—
63rd Associates LLC
—
Deed
related
$500,000 · Bank Of The West
Sep 16, 2003
—
Alkat Investment Co
Khalilian,mohsen & Teresa R
Grant Deed
related
—
—
—
63rd Associates LLC
—
Loan Modification
related
$7,064,290 · Bank Of The West
—
—
63rd Associates LLC
—
Deed Of Trust
related
$554,828 · Gold Bank NA
—
—
63rd Associates LLC
—
Deed Of Trust
related
$500,000 · Bank Of The West
—
—
63rd Associates LLC
—
Deed Of Trust
related
$6,240,000 · Commercial Federal Bank
—
—
63rd Associates LLC
—
Deed Of Trust
related
$960,000 · Bank Of The West
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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