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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Warehouses
4515 16th St, Oklahoma City, OK 73127-2501
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US69-0029390
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,620 SF
Lot
1.63 ac (71,003 SF)
APN
14-786-8400
UPID
US69-0029390
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
-
16th Street Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
4515 Nw 16 Re LLC · 1 yrs held
4515 Nw 16 Re LLC
since 2024
Last sale
$1.2M
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$55 / 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
$15,900
Tax year 2023
Assessed value
$130,427
Assessed 2023
Previous assessed
$130,427
+0.0% YoY
Effective rate
12.19%
On assessed value
Assessed land
$16,011
Assessed improvement
$114,416
Land market value
$145,560
Improvement market value
$1,040,141
Total market value
$1,185,701
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
9
Total area
21,620 SF
Lot
1.63 ac (71,003 SF)
APN
14-786-8400
UPID
US69-0029390
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
9
Lot
1.63 ac
Current owner
From public records · entity-resolved
4515 Nw 16 Re LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2616 SW 139TH ST, OKLAHOMA CITY, OK 73170-5783
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2025
—
4515 Nw 16 Re LLC
—
Deed
related
$1,000,000 · Midfirst Bank
Nov 21, 2024
$1,186,000
4515 Nw 16 Re LLC
Rin Lee Kang
Special Warranty Deed
—
Aug 22, 2023
—
Rin Lee Kang
Rin Lee Kang
Deed
related
—
Feb 28, 2019
$550,000
1711 N Meridian LLC
Lee,kang R & Young S
Warranty Deed
$762,221 · Central Bk/ok
Jul 23, 2009
—
Kang R Lee
—
Trustees Deed
related
$153,016 · Quail Creek Bank
May 3, 2006
$1,900,000
Kang R Lee
Perrin,nuel D & Judy
Grant Deed
$1,406,066 · Quail Creek Bank
—
—
Kang R Lee
—
Deed Of Trust
related
$1,258,166 · Quail Creek Bank
—
—
Kang R Lee
—
Deed Of Trust
related
—
—
—
Nuel D Perrin
—
Deed Of Trust
related
$25,000 · Commercial Federal Bank
—
—
Kang R Lee
—
Deed Of Trust
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.
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