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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5016 Reno Ave Oklahoma City, OK 73127-6326

    • Warehouses
    • 67,370 SF
    • 4.81 lot acres
    OFF-MARKET
    Value Estimations
    $4,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0527008
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Public Storage / Storage Facility

    Property Details for 5016 Reno Ave

    Year built
    1974
    Construction
    CONCRETE BLOCKS
    Lot size
    4.81 lot acres
    Property size
    67,370 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    14-198-1505
    APU
    141981505

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,743,000
      Market price range: $2.59M - $11.5M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,875,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6083
    Latitude
    35.4632
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,427
    $19,253
    $230,335
    $249,588
    -
    $209,550
    $2,506,963
    $2,716,513

    Comparable in this City

    • Value Estimation by Request
      4,256 SF

      6616 11th St

      MINI-WAREHOUSE, STORAGE • 4,256 SF
      6616 11th St, Oklahoma City, OK 73127-4222
      View Details
    • Value Estimation
      $685,000
      19,200 SF

      704 Council Rd

      MINI-WAREHOUSE, STORAGE • 19,200 SF
      704 Council Rd, Oklahoma City, OK 73127-4938
      View Details
    • Value Estimation
      $1,245,000
      17,100 SF

      8401 10th St

      MINI-WAREHOUSE, STORAGE • 17,100 SF
      8401 10th St, Oklahoma City, OK 73127-2909
      View Details
    • Value Estimation
      $1,590,000
      21,340 SF

      1424 Rockwell Ave

      MINI-WAREHOUSE, STORAGE • 21,340 SF
      1424 Rockwell Ave, Oklahoma City, OK 73127-3343
      View Details
    • Value Estimation
      $4,930,000
      85,131 SF

      5110 10th St

      MINI-WAREHOUSE, STORAGE • 85,131 SF
      5110 10th St, Oklahoma City, OK 73127-5708
      View Details
    • Value Estimation
      $1,695,000
      59,520 SF

      6590 Melrose Ln

      MINI-WAREHOUSE, STORAGE • 59,520 SF
      6590 Melrose Ln, Oklahoma City, OK 73127-5538
      View Details

    Similar Nearby for Sale

    • $2,275,000
      20,000 SF

      Oklahoma City Warehouse - $2.275M

      20,000 SF Warehouse, High Traffic Location
      400 Macarthur Blvd, Oklahoma City, OK 73127
      View Details
    • $3,875,000
      20,800 SF

      Manufacturing Space with Crane Systems

      20,800 SF manufacturing space on 4.2 acres with crane systems.
      9505 West Reno Ave, Oklahoma City, OK 73127
      View Details
    • $5,490,000
      84,190 SF

      Oklahoma City Warehouse - $5.49M

      84,190 SF Warehouse, Excellent Location
      10500 Reno Ave, Oklahoma City, OK 73127
      View Details
    • $850,000
      10,250 SF

      Renovated Industrial Building in Oklahoma

      10,250 SF industrial building renovated in 2024, Oklahoma City.
      8516 W Reno Ave, Oklahoma City, OK 73127
      View Details
    • $650,000
      11,350 SF

      Two Warehouses on Large Lot

      Two warehouses on 1.04 acres with fenced yard.
      4713 NW 10Th St, Oklahoma City, OK 73127
      View Details
    • $1,000,000
      14,850 SF

      Oklahoma City Warehouse - $1M

      14,850 SF Warehouse, NNN Lease
      4621 10Th St, Oklahoma City, OK 73127
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      16,140 SF

      Oklahoma City Industrial Space

      16,140 SF Manufacturing/Warehouse
      8130 Reno Ave, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      8,659 SF

      Office and Warehouse Space Available

      Office and warehouse space featuring 15 offices and a breakroom.
      3600 S Macarthur Blvd, Oklahoma City, OK 73127
      View Details
    • $11 SF/Yr
      1,984 SF

      New Warehouse Space Available

      Newly constructed warehouse bays with office space for lease.
      3617 S Council Rd, Oklahoma City, OK 73127
      View Details
    • $649,000
      10,125 SF

      Oklahoma City Industrial Property

      Industrial property in prime Oklahoma City location for lease.
      500 Beacon Dr, Oklahoma City, OK 73127
      View Details
    • $8 SF/Yr
      19,712 SF

      Oklahoma City Warehouse Space Available

      19,712 SF warehouse space for lease in Oklahoma City.
      621 N Morgan Rd, Oklahoma City, OK 73127
      View Details
    • $8 SF/Yr
      34,600 SF

      Oklahoma City Industrial Warehouse

      Multiple Units, 3,000-3,280 sqft
      5 Council Rd, Oklahoma City, OK 73127
      View Details
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    5016 Reno Ave
    Oklahoma City, OK 73127-6326
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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