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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Flex space
3826 Newcastle Rd Oklahoma City, OK 73119-1211
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US69-0465392
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,600 SF
Lot
6.18 ac (269,375 SF)
APN
08-985-5220
UPID
US69-0465392
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
-
Comfortworks, Inc. HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$851k
Blend (final)
Blend
$660k
Owner & transaction history
Ellison Holdings LLC · 7 yrs held
Ellison Holdings LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$975,000
+67.1%
Neighborhood: shopping center
$860,000
+47.6%
Retail stores
$825,000
+41.1%
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
$440,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$585,000
Current use
OFFICE BUILDING
$975,000
Change: +67% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$825,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$635,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$87 / 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
$22,315
Tax year 2023
Assessed value
$188,581
Assessed 2023
Previous assessed
$178,524
+5.6% YoY
Effective rate
11.83%
On assessed value
Assessed land
$38,891
Assessed improvement
$149,690
Land market value
$353,556
Improvement market value
$1,360,825
Total market value
$1,714,381
Applied tax rate
300.0000
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
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
1
Total area
7,600 SF
Lot
6.18 ac (269,375 SF)
APN
08-985-5220
UPID
US69-0465392
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
$585,000
OFFICE BUILDING
Est. value
$975,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$860,000
RETAIL STORES
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$635,000
INDUSTRIAL (GENERAL) Current
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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
6.18 ac
Current owner
From public records · entity-resolved
Ellison Holdings LLC
Entity
Mailing address
3826 NEWCASTLE RD, OKLAHOMA CITY, OK 73119-1211
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2019
$1,375,000
Ellison Holdings LLC
Hartwig Investment LLC
Warranty Deed
$1,100,000 · Bancfirst
Mar 8, 2016
$1,000,000
Hartwig Investments LLC
Total Equipment & Rental Of Oklah
Warranty Deed
$1,000,000 · Nbc Ok
Oct 5, 2012
$875,000
Total Equipment & Rental LLC
Grant,rosa L
Warranty Deed
$1,400,000 · First National Bank Oklahoma
Oct 5, 2012
—
Rosa L Grant
Grant,wayne
Affidavit Of Death
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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