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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Industrial properties
3800 Classen Blvd Norman, OK 73071-1559
Entity Owned
2-yr Hold
Free & Clear
Property ID
US69-0672569
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Construction
STEEL FRAME
Total area
5,125 SF
Lot
2.1 ac (91,476 SF)
Zoning code
I1
APN
NC29 8 2W 16009
UPID
US69-0672569
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
-
Norman Automotive Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
Fel 4425 LLC · 2 yrs held
Fel 4425 LLC
since 2023
Last sale
$650,000
3 recorded transactions
Zoning & alternative use
I1 · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+141.6%
Medical building
$1.0M
+140.1%
Office building
$875,000
+107.8%
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 Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman 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
$815,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$465,000
7%
$435,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$420,000
Current use
RETAIL STORES
$1,020,000
Change: +142% · Conversion: Moderate
MEDICAL BUILDING
$1,015,000
Change: +140% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: +108% · Conversion: Difficult
COMMERCIAL (GENERAL)
$855,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$845,000
Change: +100% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $650k (May 23 2024)
Last sale anchor
$650k
May 23 2024
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
$124 / 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
$2,725
Tax year 2023
Assessed value
$22,693
Assessed 2023
Previous assessed
$21,613
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$15,346
Assessed improvement
$7,347
Land market value
$411,642
Improvement market value
$197,087
Total market value
$608,729
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
5,125 SF
Lot
2.1 ac (91,476 SF)
Zoning code
I1
APN
NC29 8 2W 16009
UPID
US69-0672569
Jurisdiction
CLEVELAND
Zoning & alternative use
I1 · Norman, OK
Zoning I1 · permitted uses
I1 · Norman, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$420,000
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$845,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1995
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Fel 4425 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7500 E 6TH AVE, DENVER, CO 80230-6412
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
—
38000 Classen Blvd LLC
—
Deed
related
$552,500 · Sovereign Bank
Dec 22, 2023
$680,000
Fel 4425 LLC
Simpson Land Ltd
Warranty Deed
—
Apr 21, 2014
—
Simpson Land Ltd
Simpson Properties INC
Quit Claim Deed
related
—
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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