Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5816 Expy Expressway Warr Acres, OK 73132-5239

    • Individual retail properties
    • 2,160 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Jul 19, 2023
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0634161
    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

    • Individual retail properties

    Property Details for 5816 Expy Expressway

    Year built
    1974
    Construction
    CONCRETE BLOCKS
    Lot size
    0.31 lot acres
    Property size
    2,160 SF
    Property type
    Individual retail properties
    APN
    18-845-1013
    APU
    188451013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $221,000
      Market price range: $103k - $222k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $175,000
      AUTO REPAIR, GARAGE
      $170,000
      COMMERCIAL (GENERAL)
      $170,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Warr Acres
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6175
    Latitude
    35.5483
    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
    $4,841
    $11,968
    $29,113
    $41,081
    -
    $108,800
    $264,666
    $373,466

    Comparable in this City

    • Value Estimation by Request
      46,009 SF

      8300 Glade Ave

      GYM, HEALTH SPA • 46,009 SF
      8300 Glade Ave, Oklahoma City, OK 73132-4278
      View Details
    • Value Estimation
      $940,000
      19,050 SF

      7001 63rd St

      GYM, HEALTH SPA • 19,050 SF
      7001 63rd St, Oklahoma City, OK 73132-7034
      View Details
    • Value Estimation
      $340,000
      4,000 SF

      8609 Council Rd

      LAUNDROMAT (SELF-SERVICE) • 4,000 SF
      8609 Council Rd, Oklahoma City, OK 73132-3241
      View Details
    • Value Estimation by Request
      33,597 SF

      6627 Expressway

      Individual retail properties • 33,597 SF
      6627 Expressway, Oklahoma City, OK 73132
      View Details
    • Value Estimation
      $280,000
      600 SF

      4528 Expy Expressway

      FINANCIAL BUILDING • 600 SF
      4528 Expy Expressway, Oklahoma City, OK 73132-5201
      View Details
    • Value Estimation
      $545,000
      5,676 SF

      8000 Wilshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,676 SF
      8000 Wilshire Blvd, Oklahoma City, OK 73132-4500
      View Details

    Similar Nearby for Sale

    • $3,900,000
      33,597 SF

      Prime OKC Retail Storefront

      High-traffic location, 33,597 SF, $3.9M
      6627 Expressway, Oklahoma City, OK 73132
      View Details
    • $346,500

      New Construction Warehouse/Shop For Sale

      2,100 SF warehouse/shop for sale, completion February 2026.
      7716 NW 81St Cir, Oklahoma City, OK 73132
      View Details
    • $695,000

      New Commercial Building For Sale

      4,620 SF new construction warehouse/shop, completion February 2026.
      7720 NW 81St Cir, Oklahoma City, OK 73132
      View Details
    • Contact for pricing

      Retail Investment Opportunity

      Retail property for sale in Oklahoma City.
      8301 Glade Ave, Oklahoma City, OK 73132
      View Details
    • $1,252,174
      1,632 SF

      Take 5 Oil Change - Warr Acres

      High-Yield Auto Shop Investment, OK
      5930 Expy, Warr Acres, OK 73132
      View Details
    • $650,000
      1,575 SF

      OKC Auto Repair Center - $650K

      Profitable auto shop, prime OKC location.
      8324 Candlewood Dr, Oklahoma City, OK 73132
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      3,587 SF

      2,859 SF-3,587 SF Retail Space For Lease - Courtyard Plaza

      2,859 SF-3,587 SF Retail Space For Lease - Courtyard Plaza
      6401 N.W. Expressway, Oklahoma City, OK 73132
      View Details
    • $15 SF/Yr
      5,659 SF

      983 SF-5,659 SF Retail Space For Lease at Brixton Square

      983 SF-5,659 SF Retail Space For Lease at Brixton Square
      7101 NW Expressway, Oklahoma City, OK 73132
      View Details
    • $12 SF/Yr
      1,733 SF

      Retail Space on NW Expressway

      Retail space available on NW Expressway and Rockwell Avenue.
      7005 Expressway NW, Oklahoma City, OK 73132
      View Details
    • Contact for pricing
      4,542 SF

      Retail Space on Northwest Expy

      Retail space with high visibility and traffic counts.
      6900 Expressway Northwest, Oklahoma City, OK 73132
      View Details
    • $14 SF/Yr
      2,000 SF

      Retail Space on NW Expressway

      Well-located retail space in a thriving Oklahoma City area.
      6720 Expressway NW, Oklahoma City, OK 73132
      View Details
    • $17 SF/Yr
      1,170 SF

      Retail Space Near Northwest Expressway

      Retail space near Northwest Expressway and Lake Hefner.
      9120-9134 N Macarthur Blvd, Oklahoma City, OK 73132
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5816 Expy Expressway
    Warr Acres, OK 73132-5239
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.