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Property profile & analytics
OFF-MARKET
Turn key restaurants
500 Ed Noble Pkwy Norman, OK 73072-4875
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US69-2354965
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,300 SF
Lot
1.62 ac (70,567 SF)
APN
NC29PARPL 1 3001
UPID
US69-2354965
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
-
Denny's Restaurant
-
Applebee's Neighborhood Grill & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cd 2007-cd5 Ed Noble Parkway L · 7 yrs held
Cd 2007-cd5 Ed Noble Parkway L
since 2019
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,756
Tax year 2023
Assessed value
$122,879
Assessed 2023
Previous assessed
$117,028
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$57,923
Assessed improvement
$64,956
Land market value
$705,670
Improvement market value
$791,339
Total market value
$1,497,009
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
5,300 SF
Lot
1.62 ac (70,567 SF)
APN
NC29PARPL 1 3001
UPID
US69-2354965
Jurisdiction
CLEVELAND
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.62 ac
Current owner
From public records · entity-resolved
Cd 2007-cd5 Ed Noble Parkway L
Individual
Free & Clear · 7 yrs held
Mailing address
1741 W 33RD ST STE #120, EDMOND, OK 73013-3838
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2019
$15,400,000
Cd 2007-cd5 Ed Noble Parkway L
Sheriff Of Cleveland County|gemini Parkway Plaza S
Correction Deed
—
Feb 27, 2018
$15,400,000
Ed Noble Parkway LLC
Sheriff Of Cleveland County|gemini Parkway Plaza S
Trustees Deed
—
Sep 11, 2017
$925,000
Kitty,lucky Trust
Mdo Properties INC
Warranty Deed
—
Nov 8, 2012
—
Mdo Properties INC
Mdo Properties One LLC
Quit Claim Deed
related
$957,000 · Bank Of America
Apr 19, 2012
$957,000
Mdo Props One LLC
Mdo Properties INC
Grant Deed
related
—
Sep 28, 2007
$20,101,500
Gemini Parkway Plaza 1 LLC
Gemini Parkway Plaza S LLC
Grant Deed
related
—
—
—
Lucky Kitty Trust
—
Loan Modification
related
$2,300,000 · First Franchise Cap
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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