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

    5800 34Th St Oklahoma City, OK 73122

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0017153
    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

    • GSorce LLC / Hydroponics Equipment Supplier
    • Five star copperwood apartments LLC / Apartment Complex
    • Superior Hood Cleaning & Fire Protection / Fire Protection Service / Service Establishment

    Property Details for 5800 34Th St

    Year built
    1967
    Property type
    Commercial real estate

    Description

    This exceptional 34-unit apartment complex in Oklahoma City, OK presents a compelling investment opportunity. The property, located at 5800 NW 34th St, zip code 73122, comprises three buildings constructed in 1967 and underwent a complete renovation in 2023-2024. The unit mix includes 15 two-bedroom, 18 one-bedroom, and 1 three-bedroom apartment, catering to a diverse tenant base. Currently, the complex boasts 27% occupancy, projected to reach 80% within two weeks of listing. All renovations, including new above-ground plumbing, electrical systems (panels and wiring), and HVAC units, were fully permitted. The property features on-site coin-operated laundry facilities, adding convenience for tenants and generating supplemental income. The asking price is $3,600,000. This turnkey investment offers minimal upkeep and strong rental demand in a desirable location, promising consistent cash flow and potential for rent increases. The property is available for occupancy starting September 19, 2024. This is an ideal opportunity for investors seeking a well-maintained, income-generating asset with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.61727
    Latitude
    35.5052344

    Comparable in this City

    • $10,000,000
      102,980 SF

      Oklahoma City Apartment Complex

      126-unit, renovated garden-style apartments
      5811 34Th St, Oklahoma City, OK 73122
      View Details
    • $1,675,000
      15,344 SF

      Multifamily Property with Renovation Updates

      Fully occupied apartment complex with recent upgrades and income potential.
      5825 NW 34Th St, Oklahoma City, OK 73122
      View Details
    • $2,970,000
      36,356 SF

      High-Visibility Office Building For Sale

      36,356 SF office building on a 74,480 SF lot.
      3131 N Macarthur Blvd, Oklahoma City, OK 73122
      View Details
    • $365,000
      1.42 Acres

      Warr Acres Commercial Development Opportunity

      1.42-acre commercial property near City Hall, suitable for redevelopment.
      5707 NW 42Nd St, Oklahoma City, OK 73122
      View Details

    Similar Nearby for Sale

    • $10,000,000
      102,980 SF

      Oklahoma City Apartment Complex

      126-unit, renovated garden-style apartments
      5811 34Th St, Oklahoma City, OK 73122
      View Details
    • $1,675,000
      15,344 SF

      Multifamily Property with Renovation Updates

      Fully occupied apartment complex with recent upgrades and income potential.
      5825 NW 34Th St, Oklahoma City, OK 73122
      View Details
    • $2,970,000
      36,356 SF

      High-Visibility Office Building For Sale

      36,356 SF office building on a 74,480 SF lot.
      3131 N Macarthur Blvd, Oklahoma City, OK 73122
      View Details
    • $365,000
      1.42 Acres

      Warr Acres Commercial Development Opportunity

      1.42-acre commercial property near City Hall, suitable for redevelopment.
      5707 NW 42Nd St, Oklahoma City, OK 73122
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      5,632 SF

      Retail Space Available For Rent

      Retail property with great tenant mix and pylon sign.
      5730-5800 NW 39Th St, Oklahoma City, OK 73122
      View Details
    • $9 SF/Yr
      74,143 SF

      Hard Corner Retail Space

      Retail space with frontage along Route 66.
      3939 N Macarthur Blvd, Oklahoma City, OK 73122
      View Details
    • $10 SF/Yr
      2,750 SF

      Retail Space with Pylon Signage

      Recently remodeled retail space with ample parking and great accessibility.
      3804 N Macarthur Blvd, Warr Acres, OK 73122
      View Details
    • $8,000 /Mo
      9,000 SF

      Bethany Auto Dealership Property

      Auto dealership property for lease on Route 66 in Bethany.
      5959 NW 39Th Expy, Oklahoma City, OK 73122
      View Details
    • $9 SF/Yr
      1,250 SF

      Retail Space on Route 66

      Retail space with frontage on Route 66 and ample parking.
      3939 Macarthur Blvd, Warr Acres, OK 73122
      View Details
    • $1,000 /Mo
      10,000 SF

      Oklahoma City Automotive Shops For Lease

      Automotive shops for lease, ideal for car-related businesses.
      5959 NW 39Th Expy, Oklahoma City, OK 73122
      View Details
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    5800 34Th St
    Oklahoma City, OK 73122
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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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