500 Meridian Ave Oklahoma City, OK 73107-5700
Entity Owned
2-yr Hold
~
Est. High Equity
Estimated value (blended)
$1.75M
Range $1.58M – $1.93M (±10%)
Property ID
US69-0364289
Property summary
AI-generated overview
This exceptional 24,579 square foot office complex, located at 500 N Meridian Ave, Oklahoma City, OK 73107 (near Meridian and 4th Street), offers a variety of spaces to suit diverse business needs. The property features multiple tenancies, with available suites ranging from 300 to 1,685 square feet, catering to startups and established enterprises alike. The building is zoned commercial and sits on 2 acres of land, providing ample parking with 70 spaces. The property includes 13,500 square feet of vacant space ready for immediate occupancy. Building amenities include 24/7 on-site security and keycard access. Its convenient location offers easy access to major highways, simplifying commutes. The property is currently undergoing renovations to common areas and restrooms to maintain a professional atmosphere. The building's power supply is single-phase. This Yukon submarket location provides a thriving business environment and networking opportunities. The property is ideal for medical offices, coworking spaces, traditional offices, and executive suites. Flexible lease options are available.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,569 SF
Lot
12.62 ac (549,771 SF)
APN
14-782-2940
UPID
US69-0364289
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Firm
-
Loan Service Bank
-
Tech Support Center (Bike/Boat/Book/etc) Store
-
Law Firm
-
Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.75M
Owner & transaction history
since 2024
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Neighborhood: shopping center
$2.9M
+31.5%
Retail stores
$2.3M
+5.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.75M
Value range
$1.58M – $1.93M
±10% around blend
Estimated value / SF
$68 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$1.58M
blend $1.75M
$1.93M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
25,569 SF
Lot area
12.62 ac
Year built
1973
Stories
2
APN
14-782-2940
Assessed value
$330,837
Annual tax
$40,332
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.75M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 37 sales
$86
-21%
Submarket 743 sales
$141
-52%
County 984 sales
$144
-52%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $68/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+31%
vs current-use indication
Retail Stores
Commercial (general) · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.75M
Move the market yield to see immediate price impact.
Value / SF
$68
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$110k
$2.21M
$1.57M
$1.23M
$123k
$2.45M
$1.75M
$1.36M
$135k
$2.70M
$1.92M
$1.50M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$40,332
Tax year 2023
Assessed value
$330,837
Assessed 2023
Previous assessed
$330,837
+0.0% YoY
Effective rate
12.19%
On assessed value
Assessed land
$60,942
Assessed improvement
$269,895
Land market value
$671,924
Improvement market value
$2,975,788
Total market value
$3,647,712
Applied tax rate
501.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
25,569 SF
Lot
12.62 ac (549,771 SF)
APN
14-782-2940
UPID
US69-0364289
Jurisdiction
OKLAHOMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Lot
12.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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