Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4720 Western Ave Oklahoma City, OK 73109-3834

    • Medical offices
    • 3,768 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    May 07, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0313123
    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

    • Neuropsychiatric Center / Physician
    • NPC Research / Medical Clinic
    • PCG Realty / Real Estate Agency
    • PCG Insurance / Financial Advisor / Insurance Agency
    • Mary Anne Secrist, MS / Physician

    Property Details for 4720 Western Ave

    Year built
    1973
    Construction
    BRICK
    Lot size
    0.24 lot acres
    Property size
    3,768 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    07-339-1155
    APU
    73391155

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5299
    Latitude
    35.4183
    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
    $3,865
    $3,278
    $29,387
    $32,665
    -
    $31,243
    $280,092
    $311,335

    Comparable in this City

    • Value Estimation
      $4,740,000
      42,767 SF

      4221 Western Ave

      MEDICAL BUILDING • 42,767 SF
      4221 Western Ave, Oklahoma City, OK 73109-3447
      View Details
    • Value Estimation by Request
      1,004 SF

      1000 44th St

      MEDICAL BUILDING • 1,004 SF
      1000 44th St, Oklahoma City, OK 73109-3630
      View Details
    • Value Estimation by Request
      1,170 SF

      2805 Harvey Ave

      MEDICAL BUILDING • 1,170 SF
      2805 Harvey Ave, Oklahoma City, OK 73109-6727
      View Details
    • Value Estimation
      $7,355,000
      64,658 SF

      1044 44th St

      MEDICAL BUILDING • 64,658 SF
      1044 44th St, Oklahoma City, OK 73109-3613
      View Details
    • Value Estimation by Request
      3,360 SF

      4805 Western Ave

      MEDICAL BUILDING • 3,360 SF
      4805 Western Ave, Oklahoma City, OK 73109-3835
      View Details
    • Value Estimation
      $555,000
      3,932 SF

      1024 44th St

      MEDICAL BUILDING • 3,932 SF
      1024 44th St, Oklahoma City, OK 73109-3614
      View Details

    Similar Nearby for Sale

    • $210,000
      3,500 SF

      Capitol Hill Restaurant/Bar Opportunity

      Oklahoma City eatery, 3,500 sq ft, $210,000
      2608 Harvey Ave, Oklahoma City, OK 73109
      View Details
    • Contact for pricing
      6,832 SF

      Historic Capitol Hill Restaurant/Bar

      Oklahoma City gem: 6,832 SF, multi-tenant potential.
      132 25Th St, Oklahoma City, OK 73109
      View Details
    • $547,200
      9,120 SF

      Capitol Hill Restaurant & Bar

      Prime OKC location, 9,120 SF, high potential.
      2604 Harvey Ave, Oklahoma City, OK 73109
      View Details
    • $299,500
      0.21 Acres

      Residential Land Near Scissortail Park

      Building lot near Scissortail Park with potential for luxurious homes.
      316 SW 14Th St, Oklahoma City, OK 73109
      View Details
    • Contact for pricing

      Oklahoma City Commercial Land

      Prime 24,500 SF Commercial Lot
      611 Walker Ave, Oklahoma City, OK 73109
      View Details
    • Contact for pricing
      0.79 Acres

      Riverside District Development Lots

      0.79 Acres, DTD-2 Zoning, High Potential
      1320 Walker Ave, Oklahoma City, OK 73109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Capitol Hill Executive Office Space

      Prime Capitol Hill location, 3,500 sq ft.
      2608 Harvey Ave, Oklahoma City, OK 73109
      View Details
    • $15 SF/Yr
      25,373 SF

      Harvey Ave Executive Suites

      Prime OKC Office & Retail Space
      2701 Harvey Ave, Oklahoma City, OK 73109
      View Details
    • $6 SF/Yr
      4,769 SF

      Versatile Warehouse Space Available

      Warehouse with office, storage, and fenced lots for lease.
      824 SE 29Th St, Oklahoma City, OK 73109
      View Details
    • $10 SF/Yr
      12,902 SF

      12,902 SF Retail Building For Sale or Lease-2115 S. Memorial Drive

      12,902 SF Retail Building For Sale or Lease-2115 S. Memorial Drive
      2115 S. Memorial Drive, Tulsa, OK 73109
      View Details
    • $12 SF/Yr
      2,750 SF

      Retail Space on High-Traffic Corner

      Retail space available on a corner with high visibility.
      309 SW 59Th St, Oklahoma City, OK 73109
      View Details
    • $9 SF/Yr
      28,555 SF

      Oklahoma City Flex/Industrial Space

      Flex/Industrial space available for lease in Oklahoma City.
      1637 SE 29Th St, Oklahoma City, OK 73109
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4720 Western Ave
    Oklahoma City, OK 73109-3834
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.