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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office Spaces
5001 23rd St, Oklahoma City, OK 73121-6802
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US69-0444886
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,200 SF
Lot
39.09 ac (1,702,717 SF)
APN
14-115-7755
UPID
US69-0444886
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
-
SWE, Inc Car Dealership
-
Southwest Logistics Management Inc Logistics Company Freight Service
-
CTC, INC. Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$675k
Owner & transaction history
Ttp Holdings LLC · 1 yrs held
Ttp Holdings LLC
since 2025
Last sale
$675,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$500,000
+10.4%
Auto repair, garage
$475,000
+5.1%
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
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
$505,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$455,000
Current use
MEDICAL BUILDING
$500,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$475,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$410,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $676k (May 20 2025)
Last sale anchor
$676k
May 20 2025
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
$211 / 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
$6,471
Tax year 2023
Assessed value
$52,632
Assessed 2023
Previous assessed
$52,632
+0.0% YoY
Effective rate
12.29%
On assessed value
Assessed land
$17,723
Assessed improvement
$34,909
Land market value
$161,127
Improvement market value
$317,349
Total market value
$478,476
Applied tax rate
252.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Rooms
6
Bathrooms
2
Total area
3,200 SF
Lot
39.09 ac (1,702,717 SF)
APN
14-115-7755
UPID
US69-0444886
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
COMMERCIAL (GENERAL) Current
Est. value
$455,000
MEDICAL BUILDING
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$475,000
OFFICE BUILDING
Est. value
$410,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
39.09 ac
Current owner
From public records · entity-resolved
Ttp Holdings LLC
Entity
Mailing address
4901 NE 23RD ST, OKLAHOMA CITY, OK 73121-6814
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
$675,500
Ttp Holdings LLC
5001 Ne 23rd Street LLC
Special Warranty Deed
—
Mar 31, 2022
—
500 Ne 23rd Street LLC
Ofs INC
Quit Claim Deed
related
—
Jan 7, 2019
—
Ofs INC
—
Deed
related
$650,000 · First Oklahoma Bk
Dec 26, 2018
—
Ofs INC
—
Deed
related
$500,000 · First Oklahoma Bank
Nov 7, 2018
—
Ofs INC
—
Deed
related
$500,000 · First Liberty Bk
Oct 22, 2018
—
Vital Outdoor Advertising INC
—
Deed
related
$150,000 · First United Bk
Sep 19, 2017
—
Vital Outdoor Advertising INC
—
Grant Deed
related
$1,080,000 · First United Bk
Aug 2, 2017
—
Ofs INC
—
Deed
related
$500,000 · First Liberty Bank & Trust
Nov 13, 2013
—
Ofs INC
Cox Donald G Trust
Quit Claim Deed
related
—
Feb 17, 2011
—
Cox Donald G Trust
Ctc INC
Warranty Deed
—
Mar 9, 1999
$175,000
Sw Leasing & Mangement INC
Bayard Drilling LP
Grant Deed
—
—
—
Sw Leasing & Management INC
—
Deed Of Trust
related
$213,000 · Bank One NA
—
—
Ofs INC
—
Loan Modification
related
$650,000 · First Oklahoma Bk
—
—
Vital Outdoor Advertising INC
—
Loan Modification
related
$150,000 · First United Bk
—
—
Ofs INC
—
Loan Modification
related
$500,000 · First Liberty Bk
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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