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Property profile & analytics
OFF-MARKET
Estimated value
$3,035,000
Strip malls
546 Memorial Rd, Oklahoma City, OK 73114-2215
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-2398576
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,600 SF
Lot
1.83 ac (79,671 SF)
APN
12-147-1100
UPID
US69-2398576
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
-
Carver Chiropractic Clinic, Inc Alternative Medicine Practice
-
John G. Carver, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$3.04M
Owner & transaction history
Brookstart Investments LLC · 4 yrs held
Brookstart Investments LLC
since 2022
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+47.9%
Medical building
$3.4M
+37.7%
Auto repair, garage
$3.2M
+31.2%
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
$2,985,000
ML approach
$3,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,450,000
Current use
COMMERCIAL (GENERAL)
$3,620,000
Change: +48% · Conversion: Easy
MEDICAL BUILDING
$3,370,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,210,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$2,770,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$2,665,000
Change: +9% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,035,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.73M – $3.34M · ±10% · vs last sale $3.05M (Feb 22 2022)
Last sale anchor
$3.05M
Feb 22 2022
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
$141 / 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
$44,150
Tax year 2023
Assessed value
$370,943
Assessed 2023
Previous assessed
$234,670
+58.1% YoY
Effective rate
11.90%
On assessed value
Assessed land
$37,078
Assessed improvement
$333,865
Land market value
$337,080
Improvement market value
$3,035,138
Total market value
$3,372,218
Applied tax rate
212.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
16
Total area
21,600 SF
Lot
1.83 ac (79,671 SF)
APN
12-147-1100
UPID
US69-2398576
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
16
Lot
1.83 ac
Current owner
From public records · entity-resolved
Brookstart Investments LLC
Entity
Mailing address
PO BOX 30172, EDMOND, OK 73003-0003
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2022
$3,050,000
Brookstart Investments LLC
R R P Properties LLC
Warranty Deed
—
Oct 30, 2017
—
Mrp Properties LLC
—
Deed
related
$150,000 · Great Plains Nat'l Bk
Jul 18, 2017
—
Mrp Properties LLC
—
Deed
related
$1,600,000 · All America Bk
Apr 7, 2017
—
Mrp Properties LLC
—
Deed
related
$79,682 · Prosperity Bk
Mar 23, 2015
—
Mrp Properties LLC
—
Trustees Deed
related
$80,000 · Prosperity Bk
Mar 31, 2010
—
Mrp Properties LLC
—
Trustees Deed
related
$150,000 · Coppermark Bank
Nov 9, 2007
—
Outdoor Advertising L Lindmark
—
Deed Of Trust
related
$40,000,000 · Rei New Mkts Invs LLC
Jun 7, 2005
$1,650,000
Mrp Properties LLC
Sooner Diagonal INC
Grant Deed
$1,237,500 · Union Bank
Mar 8, 2002
—
Sooner Diagonal INC
—
Deed Of Trust
related
$1,050,018 · Legacy Bank
—
—
Mrp Properties LLC
—
Deed Of Trust
related
$1,328,000 · Prosperity Bk
—
—
Sooner Diagonal INC
—
Deed Of Trust
related
$1,050,018 · Legacy Bank
—
—
Mrp Properties LLC
—
Deed Of Trust
related
$1,600,000 · All America Bk
—
—
Mrp Properties LLC
—
Loan Modification
related
$79,682 · Prosperity Bk
—
—
Mrp Properties LLC
—
Deed Of Trust
related
$150,000 · Great Plains Nat'l 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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