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Property profile & analytics
FOR SALE
Turn key restaurants
400 S Air Depot Blvd Midwest City, OK 73110
Entity Owned
8-yr Hold
Free & Clear
Property ID
US69-0552838
For Sale
1 / 43
$400,000
400 S Air Depot Blvd, Midwest City, OK 73110
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,978 SF
Lot
0.57 ac (24,786 SF)
APN
15-041-4520
UPID
US69-0552838
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ripley Properties INC · 8 yrs held
Ripley Properties INC
since 2017
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 Midwest City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midwest 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,726
Tax year 2023
Assessed value
$40,151
Assessed 2023
Previous assessed
$37,905
+5.9% YoY
Effective rate
11.77%
On assessed value
Assessed land
$8,169
Assessed improvement
$31,982
Land market value
$74,550
Improvement market value
$291,855
Total market value
$366,405
Applied tax rate
552.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
1,978 SF
Lot
0.57 ac (24,786 SF)
APN
15-041-4520
UPID
US69-0552838
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
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Ripley Properties INC
Entity
Free & Clear · 8 yrs held
Mailing address
400 S AIR DEPOT BLVD, MIDWEST CITY, OK 73110-4435
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Dec 6, 2023
—
Ripley Properties INC
—
Deed
related
$253,902 · First State Bank
Dec 5, 2023
—
Ripley Properties INC
—
Deed
related
$315,901 · First State Bank
Jul 13, 2023
—
Ripley Properties INC
—
Deed
related
$315,901 · First State Bank
Sep 7, 2017
$285,000
Ripley Properties INC
Lol Properties LLC
Warranty Deed
—
Nov 20, 2015
$208,000
Lol Properties LLC
Cassie Properties LLC
Warranty Deed
$194,461 · Rcb Bk
Mar 12, 2015
$240,000
Cassie Properties LLC
Fife Mary R Family Trust
Warranty Deed
—
Dec 16, 2011
—
Fife Mary R Family Trust
Fife,mary
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.
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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