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Property profile & analytics
FOR LEASE
Retail space
5 S Council Rd Oklahoma City, OK 73127
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US69-1030916
For Lease
1 / 3
$9 SF/Yr
5 S Council Rd, Oklahoma City, OK 73127
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Property summary
AI-generated overview
This single-story industrial warehouse complex, located at 5 S Council Rd, Oklahoma City, OK 73127, offers multiple units for lease. The property, situated in Oklahoma County, comprises a total of 34,600 square feet and features two available spaces ranging from 3,000 to 3,280 square feet. Each unit offers a unique layout. Half of the complex features units with a single office and bathroom in the front, while the other half provides open spaces with a large garage door (14' tall x 12' wide) at the front. The West Reno Industrial Park boasts convenient access to I-40 West and ample parking. The property is conveniently located near the Oklahoma City Outlet Mall at the Northwest corner of North Council Road and West Reno. No elevators are present in this single-story building. The property is classified as both warehouse and manufacturing space, making it suitable for a variety of industrial uses. The property is easily accessible and offers a practical solution for businesses needing warehouse or manufacturing space in Oklahoma City.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Construction
STEEL FRAME
Total area
9,000 SF
Lot
0.73 ac (31,625 SF)
APN
14-797-5930
UPID
US69-1030916
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
-
Beyond Fitness and Performance Gym & Fitness Center
-
Auto Glass Now Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Elevate Property Management, LLC Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$493k
Blend (final)
Blend
$605k
Owner & transaction history
Bradys Plaza LLC · 12 yrs held
Bradys Plaza LLC
since 2014
2 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
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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)
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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
WAREHOUSE, STORAGE
$920,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$67 / 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
$8,576
Tax year 2023
Assessed value
$73,496
Assessed 2023
Previous assessed
$69,997
+5.0% YoY
Effective rate
11.67%
On assessed value
Assessed land
$11,545
Assessed improvement
$61,951
Land market value
$110,684
Improvement market value
$593,958
Total market value
$704,642
Applied tax rate
541.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2015
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
6
Total area
9,000 SF
Lot
0.73 ac (31,625 SF)
APN
14-797-5930
UPID
US69-1030916
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
WAREHOUSE, STORAGE
Est. value
$920,000
WAREHOUSE, STORAGE
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
2015
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
6
Lot
0.73 ac
Current owner
From public records · entity-resolved
Bradys Plaza LLC
Entity
Mailing address
10601 S WESTERN AVEA, OKLAHOMA CITY, OK 73170-6200
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2014
$182,466
Bradys Plaza LLC
Dpi Interests Co LLC
Warranty Deed
$1,460,000 · Midfirst Bank
Mar 4, 2008
$100,000
Dpi Interests Co LLC
Thoroughbred Investments Ltd
Warranty Deed
—
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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