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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Parking lots & garages
4401 Reno Ave Oklahoma City, OK 73107-6527
Entity Owned
4-yr Hold
Free & Clear
Property ID
US69-0561338
Property summary
AI-generated overview
This exceptional new construction project, located at 4401 & 4415 W Reno Ave, Oklahoma City, OK 73107, offers 8,800 square feet of flexible, modern warehouse and retail space. The property features two single-story buildings totaling 8,800 square feet, situated on a 1.72-acre lot (74,923 sq ft) with 296 feet of frontage. Building A (4415 W Reno Ave) comprises 8,080 square feet, divisible into units ranging from 2,000 to 5,040 square feet, or the entire space can be leased. The property includes two drive-in doors and one dock-high door, along with ample parking for 65 vehicles. The zoning is I-2, and the property is classified as Class B. Built in 2024, this property presents a unique opportunity for businesses seeking modern, adaptable space in the Central Oklahoma submarket. The minimum leasable space is 2,000 square feet, with a maximum contiguous space of 8,080 square feet. The building has a 0.24 FAR. Power specifications are to be determined. This prime location offers excellent access and visibility along W Reno Avenue and Meridian Avenue. Act quickly to secure your ideal space in this highly sought-after development.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1978
Construction
WOOD FRAME
Total area
9,167 SF
Lot
1.73 ac (75,489 SF)
APN
14-782-6170
UPID
US69-0561338
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
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Merica Properties LLC · 4 yrs held
Merica Properties LLC
since 2022
Last sale
$550,000
3 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 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
$540,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$890,000
Current use
MEDICAL BUILDING
$750,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$720,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $550k (Jul 18 2022)
Last sale anchor
$550k
Jul 18 2022
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
$59 / 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
$7,429
Tax year 2023
Assessed value
$60,935
Assessed 2023
Previous assessed
$45,160
+34.9% YoY
Effective rate
12.19%
On assessed value
Assessed land
$57,289
Assessed improvement
$3,646
Land market value
$520,812
Improvement market value
$33,151
Total market value
$553,963
Applied tax rate
501.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
9,167 SF
Lot
1.73 ac (75,489 SF)
APN
14-782-6170
UPID
US69-0561338
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
PARKING LOT Current
Est. value
$890,000
MEDICAL BUILDING
Est. value
$750,000
RETAIL STORES
Est. value
$720,000
PARKING LOT Current
MEDICAL BUILDING
RETAIL STORES
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
1978
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
Merica Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
701 MAPLE HL RD, NORMAN, OK 73069-3222
Ownership since
2022
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 10, 2025
—
Merica Properties LLC
—
Deed
related
$2,830,500 · First Citizens Bank & Trust Co
Apr 26, 2024
—
Merica Properties LLC
—
Deed
related
$2,060,250 · Shamrock Bank NA
Jul 18, 2022
$550,000
Merica Properties LLC
K & W Property Management LLC
Warranty Deed
—
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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