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Property profile & analytics
OFF-MARKET
Estimated value
$6,395,000
Medical Office Space
5940 Expy Expressway Warr Acres, OK 73132-5101
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-0226640
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Construction
BRICK
Total area
16,300 SF
Lot
4.14 ac (180,469 SF)
APN
18-851-2540
UPID
US69-0226640
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$6.40M
Owner & transaction history
Lcg2hc Nw Expressway Okc LLC · 3 yrs held
Lcg2hc Nw Expressway Okc LLC
since 2023
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+82.8%
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 Warr Acres submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warr Acres 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
$6,730,000
ML approach
$6,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,650,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$6.40M
Range $5.76M – $7.03M · ±10% · vs last sale $6.18M (Mar 7 2023)
Last sale anchor
$6.18M
Mar 7 2023
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
$392 / 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
$47,305
Tax year 2023
Assessed value
$401,435
Assessed 2023
Previous assessed
$401,435
+0.0% YoY
Effective rate
11.78%
On assessed value
Assessed land
$123,777
Assessed improvement
$277,658
Land market value
$1,125,252
Improvement market value
$2,524,163
Total market value
$3,649,415
Applied tax rate
601.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1994
Construction
BRICK
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
16,300 SF
Lot
4.14 ac (180,469 SF)
APN
18-851-2540
UPID
US69-0226640
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
RESTAURANT
Est. value
$4.7M
RESTAURANT
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
1994
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
4.14 ac
Current owner
From public records · entity-resolved
Lcg2hc Nw Expressway Okc LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
$6,175,000
Lcg2hc Nw Expressway Okc LLC
Western Charm LLC
Special Warranty Deed
$3,850,000 · Dominion Bank
Aug 28, 2020
—
Western Charm LLC
—
Deed
related
$4,863,815 · Rcb Bk
May 15, 2020
—
Western Charm LLC
Western Charm LLC
Quit Claim Deed
related
—
Dec 13, 2017
—
Western Charm LLC
Roger Boyvey
Grant Deed
related
$5,054,950 · Rcb Bk
Nov 27, 2017
—
Western Charm LLC
Evans Equities LLC
Quit Claim Deed
related
—
Jun 8, 2017
$1,735,000
Evans Equities LLC
Fastcash Pawn LLC
Warranty Deed
related
—
Oct 30, 2009
$1,475,000
Roger Boyvey
Sovereign Jcs II LLC
Grant Deed
$826,000 · Zions First National Bank
Mar 29, 2007
$1,887,500
Sovereign Jcs II LLC
Joes Crab Shack R/e Holdings
Grant Deed
$200,000,000 · Bmo Capital Markets Corp
Dec 4, 2006
$1,771,500
Joes Crab Shack R/e Holdings
Crab Addison INC
Grant Deed
related
—
Jun 9, 2005
—
Landrys Seafood Hse-oklahoma
—
Deed Of Trust
related
$450,000,000 · Wachovia Bank NA
—
—
Western Charm LLC
—
Loan Modification
related
$4,863,815 · Rcb 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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