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    405 W 2Nd St Edmond, OK 73003

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    405 W 2Nd St Edmond, OK 73003

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    • Retail space
    • 5,000 SF
    • 0.40 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Edmond Office Space Available For Lease
    $18 SF/Yr
    1,000 SF

    Edmond Office Space Available

    Office space available for lease in Edmond, Oklahoma.

    405 W 2nd St, Edmond, OK
    View Listing
    Property ID
    US69-0476154
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $900,000
    Cap Rate Potential
    5.3%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Miya Kramer / Building Supply
    • Weaver Contracting Inc / Construction Company / General Contractor

    Property Details for 405 W 2Nd St

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    0.40 lot acres
    Property size
    5,000 SF
    Property type
    Retail space
    APN
    18-265-3235
    APU
    182653235

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,000,000
      ML approach
      $995,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $880,000
      6.5%
      $810,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $783,000
      Market price range: $538k - $1.61M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,000,000
      Current use
      RESTAURANT
      $1,360,000
      Change: +36% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,225,000
      Change: +22% Conversion: Moderate
      MEDICAL BUILDING
      $955,000
      Change: -5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $825,000
      Change: -18% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4891
    Latitude
    35.654
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,275
    $6,394
    $44,206
    $50,600
    -
    $58,136
    $401,864
    $460,000

    Comparable in this City

    • Value Estimation
      $1,020,000
      7,020 SF

      2225 Edmond Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,020 SF
      2225 Edmond Rd, Edmond, OK 73003-6303
      View Details
    • Value Estimation
      $795,000
      5,500 SF

      1221 Kelly Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
      1221 Kelly Ave, Edmond, OK 73003-4865
      View Details
    • Value Estimation by Request
      3,447 SF

      2216 Edmond Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,447 SF
      2216 Edmond Rd, Edmond, OK 73003-6306
      View Details
    • Value Estimation by Request
      3,360 SF

      719 Edmond Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,360 SF
      719 Edmond Rd, Edmond, OK 73003-5626
      View Details
    • Value Estimation by Request
      5,400 SF

      717 Evergreen St

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      717 Evergreen St, Edmond, OK 73003-5728
      View Details
    • Value Estimation
      $1,345,000
      10,000 SF

      413 State St

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      413 State St, Edmond, OK 73003-5665
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      74,412 SF

      Edmond Retail Property for Sale

      Retail property available for purchase in Edmond, Oklahoma.
      730 W Danforth Rd, Edmond, OK 73003
      View Details
    • $995,000
      5,118 SF

      Edmond Restaurant Space with Drive-Thru

      5,118 SF restaurant space for sale with drive-thru.
      1801 West Edmond Rd, Edmond, OK 73003
      View Details
    • Contact for pricing

      Commercial Land Near Edmond North

      Corner commercial land near Edmond North High School and I-35.
      E Covell Rd, Edmond, OK 73003
      View Details
    • Contact for pricing
      12,680 SF

      Edmond Industrial Property For Sale

      Industrial property available for sale in Edmond, Oklahoma.
      8701 Summit Ridge Dr, Edmond, OK 73003
      View Details
    • Contact for pricing

      40 Acres Development Land

      40 acres of development land in Edmond, Oklahoma.
      Development Land 2Nd St, Edmond, OK 73003
      View Details
    • Contact for pricing

      Commercial Land Redevelopment Opportunity

      Commercial land available for redevelopment in Edmond, Oklahoma.
      800 S Santa Fe Ave, Edmond, OK 73003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Busy Corridor

      Retail space in a busy corridor with strong demographics.
      822 W Edmond Rd, Edmond, OK 73003
      View Details
    • Contact for pricing
      1,855 SF

      Retail Space with Drive-Thru Potential

      Retail spaces available with drive-thru and build-out options.
      1444 N Kelly Ave, Edmond, OK 73003
      View Details
    • Contact for pricing
      963 SF

      Edmond Retail Space For Rent

      Retail space available with strong recurring traffic generators.
      2201 W Edmond Rd, Edmond, OK 73003
      View Details
    • Contact for pricing
      1,498 SF

      Unique Mixed-Use Redevelopment Project

      Retail, restaurant, and creative office space in Edmond, OK.
      140 E 5Th St, Edmond, OK 73003
      View Details
    • Contact for pricing
      2,903 SF

      Retail Space in Busy Corridor

      Retail space in a busy, visible, and demographically strong area.
      320-836 W Edmond Rd, Edmond, OK 73003
      View Details
    • $17 SF/Yr
      2,000 SF

      Edmond Retail Space: 2,000 SF

      High-visibility Edmond retail suite, ample parking.
      201-285 S. Santa Fe Avenue, Edmond, OK 73003
      View Details
    View Listing
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    405 W 2Nd St
    Edmond, OK 73003
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    405 W 2Nd St, Edmond, OK, 73003

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