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Property profile & analytics
OFF-MARKET
Estimated value
$6,795,000
Warehouses
4801 Main St Norman, OK 73072-3835
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-0546255
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,160 SF
Lot
5.32 ac (231,739 SF)
Zoning code
C2
APN
NC29CAM#6 5 2001
UPID
US69-0546255
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
-
Village at Cambridge Mini Storage - Northstar Properties Storage Facility
-
Cambridge Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.80M
Owner & transaction history
Cross Heritage Storage Xii LP · 3 yrs held
Cross Heritage Storage Xii LP
since 2022
Last sale
$7.0M
1 recorded transaction
Zoning & alternative use
C2 · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
zoning ordinance 09 23 2022
Top alternative use upside
Commercial (general)
$10.5M
+142.1%
Office building
$9.1M
+109.8%
Restaurant
$7.7M
+77.2%
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 Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman 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
$6,205,000
ML approach
$6,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,335,000
Current use
COMMERCIAL (GENERAL)
$10,500,000
Change: +142% · Conversion: Difficult
OFFICE BUILDING
$9,095,000
Change: +110% · Conversion: Difficult
RESTAURANT
$7,685,000
Change: +77% · Conversion: Difficult
MEDICAL BUILDING
$7,420,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,765,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$6.80M
Range $6.12M – $7.47M · ±10% · vs last sale $7.05M (Dec 20 2022)
Last sale anchor
$7.05M
Dec 20 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
$85 / 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
$50,642
Tax year 2023
Assessed value
$421,742
Assessed 2023
Previous assessed
$390,438
+8.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$97,330
Assessed improvement
$324,412
Land market value
$811,087
Improvement market value
$2,703,434
Total market value
$3,514,521
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
827
Total area
80,160 SF
Lot
5.32 ac (231,739 SF)
Zoning code
C2
APN
NC29CAM#6 5 2001
UPID
US69-0546255
Jurisdiction
CLEVELAND
Zoning & alternative use
C2 · Norman, OKZoning C2 · permitted uses
C2 · Norman, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning ordinance 09 23 2022
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$10.5M
OFFICE BUILDING
Est. value
$9.1M
RESTAURANT
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$6.8M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
827
Lot
5.32 ac
Current owner
From public records · entity-resolved
Cross Heritage Storage Xii LP
Entity
Mailing address
4336 MARSH RDG RD, CARROLLTON, TX 75010-4447
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
$7,045,000
Cross Heritage Storage Xii LP
Elm Properties INC
Special Warranty Deed
$5,800,000 · Presidential Bank Fsb
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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