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Property profile & analytics
OFF-MARKET
Estimated value
$4,100,000
Retail space
423 23rd St Oklahoma City, OK 73103-1507
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US69-0528497
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,400 SF
Lot
0.42 ac (18,469 SF)
APN
04-660-1280
UPID
US69-0528497
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
-
Miracle Bar at Ponyboy Grocery & Convenience Store Food Market
-
Ponyboy Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.95M
Blend (final)
Blend
$4.10M
Owner & transaction history
Suite T LLC · 11 yrs held
Suite T LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+53.8%
Medical building
$4.0M
+26.5%
Auto repair, garage
$3.8M
+20.5%
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
RETAIL STORES
$3,135,000
Current use
COMMERCIAL (GENERAL)
$4,820,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$3,965,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,775,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$3,260,000
Change: +4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,880,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$4.10M
Range $3.69M – $4.51M · ±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
$161 / 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
$39,417
Tax year 2023
Assessed value
$320,933
Assessed 2023
Previous assessed
$305,649
+5.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$9,198
Assessed improvement
$311,735
Land market value
$92,250
Improvement market value
$3,126,604
Total market value
$3,218,854
Applied tax rate
200.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
10
Total area
25,400 SF
Lot
0.42 ac (18,469 SF)
APN
04-660-1280
UPID
US69-0528497
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
RETAIL STORES Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
10
Lot
0.42 ac
Current owner
From public records · entity-resolved
Suite T LLC
Entity
Mailing address
718 W SHERIDAN AVE, OKLAHOMA CITY, OK 73102-2412
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
—
Suite T LLC
—
Deed
related
$443,461 · Legacy Bank
Mar 13, 2023
—
Suite T LLC
—
Deed
related
$500,000 · Citizens Bank Of Edmond
Mar 1, 2022
—
Suite T LLC
—
Deed
related
$340,000 · Citizens Bank Of Edmond
Apr 9, 2018
—
Suite T LLC
—
Deed
related
$51,970 · Citizens Bk/edmond
May 24, 2017
—
Suite T LLC
—
Deed
related
$255,968 · Citizens Bk/edmond
May 9, 2017
—
Suite T LLC
—
Deed
related
$5,454,017 · Citizens Bk/edmond
Oct 19, 2016
—
Suite T LLC
—
Deed
related
$5,400,000 · Frontier St Bk
Oct 8, 2014
$1,350,000
Suite T LLC
Uptown Dev Group LLC
Grant Deed
$3,500,000 · Bank Of Ok
Feb 12, 2007
—
Uptown Dev Group LLC
—
Trustees Deed
related
$1,000,000 · Quail Creek Bank
Nov 3, 2005
$512,500
Uptown Dev Group LLC
Excelsior Trust
Warranty Deed
$461,250 · Excelsior Trust (tr)
—
—
Uptown Dev Group LLC
—
Deed Of Trust
related
$447,391 · Quail Creek Bank
—
—
Suite T LLC
—
Loan Modification
related
$4,975,000 · Bank Of Ok
—
—
Suite T LLC
—
Deed Of Trust
related
$5,400,000 · Frontier St Bk
—
—
Suite T LLC
—
Deed Of Trust
related
$5,454,017 · Citizens Bk/edmond
—
—
Suite T LLC
—
Deed Of Trust
related
$255,968 · Citizens Bk/edmond
—
—
Suite T LLC
—
Loan Modification
related
$51,970 · Citizens Bk/edmond
—
—
Uptown Dev Group LLC
—
Deed Of Trust
related
$1,000,000 · Quail Creek Bank
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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