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    Property profile & analytics

    5940 38th St Warr Acres, OK 73122-2008

    • Flex space
    • 6,600 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimation
    $470,000
    Last Sale
    Jan 08, 2021
    $462,500
    Location Intelligence
    Property ID
    US69-0060817
    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

    • Sale physical therapy / Physical Therapist
    • Complete Mechanical Services / Mechanical Contractor
    • Red Oak Contractors / Contractor

    Property Details for 5940 38th St

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    0.60 lot acres
    Property size
    6,600 SF
    Property type
    Flex space
    APN
    18-880-6001
    APU
    188806001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $530,000
      6.5%
      $540,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $575,000
      Retail
      $535,000
      Mixed-Use
      $460,000
      Hospitality
      $475,000
      Educational
      $610,000
      Residential Income
      $530,000
      Energy
      $565,000
      Income-Based Land
      $485,000
      Food Service
      $565,000

    Location Insight

    • Map
    • Local Demand
    City
    Warr Acres
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.622
    Latitude
    35.5095
    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
    $6,537
    $8,662
    $46,811
    $55,473
    -
    $78,750
    $425,552
    $504,302

    Comparable in this City

    • Value Estimation
      $165,000
      900 SF

      5840 37th St

      LIGHT INDUSTRIAL • 900 SF
      5840 37th St, Warr Acres, OK 73122-2106
      View Details
    • Value Estimation by Request
      5,751 SF

      3110 Macarthur Blvd

      LIGHT INDUSTRIAL • 5,751 SF
      3110 Macarthur Blvd, Oklahoma City, OK 73122-1004
      View Details
    • Value Estimation
      $365,000
      5,000 SF

      4012 Barr Ave

      LIGHT INDUSTRIAL • 5,000 SF
      4012 Barr Ave, Oklahoma City, OK 73122-3422
      View Details
    • Value Estimation
      $280,000
      2,400 SF

      5912 36th St

      LIGHT INDUSTRIAL • 2,400 SF
      5912 36th St, Warr Acres, OK 73122-2014
      View Details
    • Value Estimation
      $365,000
      4,800 SF

      4205 Saint Charles St

      LIGHT INDUSTRIAL • 4,800 SF
      4205 Saint Charles St, Warr Acres, OK 73122-3108
      View Details
    • Value Estimation by Request
      2,340 SF

      6309 Bryant Ct

      LIGHT INDUSTRIAL • 2,340 SF
      6309 Bryant Ct, Oklahoma City, OK 73122-7000
      View Details

    Similar Nearby for Sale

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      Warr Acres Light Industrial Property

      Commercial property with office, showroom, and warehouse space in Warr Acres.
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    • $375,000
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      Commercial building on 1.42 acres near city hall.
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      Located in high-traffic area, suitable for commercial use.
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    • $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
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    • $10,000,000
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      Oklahoma City Apartment Complex

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    • Contact for pricing
      Pending

      Warr Acres Commercial Property

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    Similar Nearby for Lease

    • $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
    • $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
    • $1,200 /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
    • $16 SF/Yr
      4,990 SF

      Warr Acres Retail Space - 650 SF

      Prime Retail Space, Immediate Occupancy, Excellent Location
      5801 50Th St, Oklahoma City, OK 73122
      View Details
    • $9 SF/Yr
      4,200 SF

      Retail Space on Route 66

      Retail property with frontage on Route 66 and ample parking.
      3900-5900 N Macarthur Blvd, Warr Acres, OK 73122
      View Details
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    Realmo Value Estimation

    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.

    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.

    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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