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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    450 Eastern Ave Moore, OK 73160-5833

    • Medical offices
    • 9,325 SF
    • 2.23 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2024
    Value Estimations
    $1,330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1225848
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 450 Eastern Ave

    Year built
    2016
    Lot size
    2.23 lot acres
    Property size
    9,325 SF
    Zone code
    R1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    MC2 10 3W 13005
    APU
    MC2103W13005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,790,000
      6.5%
      $1,655,000
      7%
      $1,535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $841,000
      Market price range: $365k - $842k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,455,000
      Current use
      AUTO REPAIR, GARAGE
      $1,385,000
      Change: -5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,320,000
      Change: -9% Conversion: Easy
      RETAIL STORES
      $1,225,000
      Change: -16% Conversion: Difficult
      OFFICE BUILDING
      $1,195,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Moore
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.476
    Latitude
    35.3424
    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
    $37,139
    $44,301
    $260,418
    $304,719
    -
    $388,556
    $2,284,031
    $2,672,587

    Comparable in this City

    • Value Estimation by Request
      0.77 Acres

      1110 Magnolia Ct

      MEDICAL BUILDING • 0.77 Acres
      1110 Magnolia Ct, Moore, OK 73160-1386
      View Details
    • Value Estimation by Request
      4,085 SF

      1404 4th St

      MEDICAL BUILDING • 4,085 SF
      1404 4th St, Moore, OK 73160-7308
      View Details
    • Value Estimation by Request
      2,025 SF

      1816 Eastern Ave

      MEDICAL BUILDING • 2,025 SF
      1816 Eastern Ave, Moore, OK 73160-5614
      View Details
    • Value Estimation by Request
      4,254 SF

      500 Eastern Ave

      MEDICAL BUILDING • 4,254 SF
      500 Eastern Ave, Moore, OK 73160-5851
      View Details
    • Value Estimation by Request
      1,716 SF

      808 19th St

      MEDICAL BUILDING • 1,716 SF
      808 19th St, Moore, OK 73160-6302
      View Details
    • Value Estimation by Request
      3,015 SF

      705 City Ave

      MEDICAL BUILDING • 3,015 SF
      705 City Ave, Moore, OK 73160-3819
      View Details

    Similar Nearby for Sale

    • $4,200,000
      9,600 SF

      Freestanding Medical Office Building For Sale

      NNN leased medical office building with long-term tenant.
      400 N Eastern Ave, Moore, OK 73160
      View Details
    • $699,000
      5,620 SF

      Established Office Building with Tenants

      Landmark office building with long-term tenants and high traffic.
      504 Tower Dr, Moore, OK 73160
      View Details
    • $347,000
      2,000 SF

      Prime Moore Office Building

      High-potential office space, under $350k
      9224 Shields Blvd, Moore, OK 73160
      View Details
    • $799,000
      0.64 Acres

      Highway Frontage Commercial Building

      Commercial building with highway frontage and high visibility in Moore.
      N Interstate Highway 35, Oklahoma City, OK 73160
      View Details
    • $376,000
      4,000 SF

      Prime Moore Office Building

      Spacious Office, Shop, & Parking
      2128 Pole Rd, Moore, OK 73160
      View Details
    • $950,000
      7,720 SF

      High-Visibility Moore Medical Office

      Prime I-35 location, established medical practice.
      320 I-35 Service Rd, Moore, OK 73160
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      11,900 SF

      19th Street Plaza: Moore Office Space

      Modern Moore Office & Retail Suites
      2990 19Th Pl, Moore, OK 73160
      View Details
    • $28 SF/Yr
      10,000 SF

      Prime Moore Executive Office Space

      Modern 2-story office building, 3,145 sq ft available.
      420 6Th Ter, Moore, OK 73160
      View Details
    • $11 SF/Yr
      59,250 SF

      Eastern OKC Industrial Space Available

      Modern Flex/Warehouse Units, Moore OK
      9341-9353 Eastern Ave, Oklahoma City, OK 73160
      View Details
    • $20 SF/Yr
      10,000 SF

      Prime Location Office Space

      Office space for rent near key Oklahoma City landmarks.
      921 NE 23Rd St, Oklahoma City, OK 73160
      View Details
    • $11 SF/Yr
      21,200 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space with office, excellent I-35 access.
      2500 N Shields Blvd, Moore, OK 73160
      View Details
    • $22 SF/Yr
      4,400 SF

      Renovated Retail/Office Space Available

      Four-story, renovated retail/office space with impressive views.
      220 SE 4Th St, Oklahoma City, OK 73160
      View Details
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    450 Eastern Ave
    Moore, OK 73160-5833
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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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