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Property profile & analytics
OFF-MARKET
Estimated value
$12,050,000
Strip malls
4528 Pennsylvania Ave Oklahoma City, OK 73119-4903
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US69-0306516
Property summary
AI-generated overview
This exceptional retail property, located at 4528 South Pennsylvania Avenue in Oklahoma City, Oklahoma, offers a prime opportunity for businesses seeking a high-visibility location. The property is situated in Oklahoma County, zip code 73119, and boasts a flexible floor plan ideal for a variety of retail uses. Currently, there is 7,500 square feet of vacant space available, with a maximum contiguous space of 9,500 square feet. The building previously housed an Aaron's store, leaving a wide-open floor plan ready for customization. This multi-tenant building presents a unique chance to establish a strong presence in a busy commercial area. The property's location provides excellent access to major thoroughfares and a substantial customer base. The ample square footage allows for creative space planning to suit diverse business needs. Serious inquiries are encouraged to explore the potential of this exceptional retail opportunity. The property is classified as commercial retail and is ready for immediate occupancy. Contact us today to schedule a viewing and discuss your business needs.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
81,730 SF
Lot
8.61 ac (375,226 SF)
APN
07-492-0200
UPID
US69-0306516
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
-
Outlet Depot Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.73M
Blend (final)
Blend
$12.05M
Owner & transaction history
Square Two LLC · 9 yrs held
Square Two LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.8M
+37.7%
Auto repair, garage
$12.2M
+31.2%
Office building
$10.5M
+13.2%
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
NEIGHBORHOOD: SHOPPING CENTER
$9,265,000
Current use
MEDICAL BUILDING
$12,760,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,150,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$10,485,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$8,860,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$12.05M
Range $10.85M – $13.26M · ±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
$147 / 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
$68,790
Tax year 2023
Assessed value
$581,337
Assessed 2023
Previous assessed
$581,337
+0.0% YoY
Effective rate
11.83%
On assessed value
Assessed land
$144,460
Assessed improvement
$436,877
Land market value
$1,313,277
Improvement market value
$3,971,610
Total market value
$5,284,887
Applied tax rate
300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
22
Total area
81,730 SF
Lot
8.61 ac (375,226 SF)
APN
07-492-0200
UPID
US69-0306516
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$12.2M
OFFICE BUILDING
Est. value
$10.5M
RETAIL STORES
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE 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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
22
Lot
8.61 ac
Current owner
From public records · entity-resolved
Square Two LLC
Entity
Mailing address
17206 DOCTOR BIRD RD, SANDY SPRING, MD 20860-1205
Ownership since
2016
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
Dec 19, 2016
$5,270,000
Square Two LLC
Ips Grant Square Okc LLC
Grant Deed
$3,800,000 · * Other Institutional Lenders
Dec 2, 2014
—
Ips Grant Square Okc LLC
Bradys Plaza LLC
Grant Deed
related
$3,800,000 · Ladder Cap Fin
May 4, 2006
$4,800,000
Ips Grant Square Okc LLC
Bradys Plaza LLC
Grant Deed
$3,765,435 · First United Bank
—
—
Square Two LLC
—
Deed Of Trust
related
$1,500,000 · Bancfirst
—
—
Ips Grant Square Okc LLC
—
Deed Of Trust
related
$3,759,336 · First United Bank
—
—
Bradys Plaza LLC
—
Deed Of Trust
related
$1,513,102 · First National Bank
—
—
Ips Grant Square Okc LLC
—
Deed Of Trust
related
$3,726,451 · First United Bank
—
—
Ips Grant Square Okc LLC
—
Deed Of Trust
related
$3,650,988 · First United Bank
—
—
Ips Grant Square Okc LLC
—
Deed Of Trust
related
$3,762,469 · First United Bank
—
—
Ips Grant Square Okc LLC
—
Deed Of Trust
related
$3,765,435 · First United 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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