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

    600 62nd St Oklahoma City, OK 73118-5822

    • Warehouses
    • 53,264 SF
    • 4.34 lot acres
    OFF-MARKET
    Value Estimations
    $3,590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0855635
    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

    • Warehouses

    Property Details for 600 62nd St

    Year built
    2011
    Construction
    CONCRETE
    Lot size
    4.34 lot acres
    Property size
    53,264 SF
    Property type
    Warehouses
    APN
    08-559-5750
    APU
    85595750

    Description

    This exceptional Oklahoma City data center, located at 600 NW 62nd St, offers 82,417 square feet of flexible space in a single-tenant building on 3.25 acres. Built in 2014 by Chesapeake Energy, this Tier III facility boasts a 12,000 square foot raised floor, 500kW of current critical load, and a 2.9MW ultimate capacity. The building is designed for 320 cabinets at 8kW per rack and features a concurrently maintainable design, certified by the Uptime Institute. The facility also includes a robust 6,000-ton chilled water plant and 6MW of critical power, supporting an existing campus of approximately 800,000 square feet. The building is F5 rated, withstanding 318 mph winds. Ample parking is available with 20 spaces. This property presents a unique opportunity for wholesale or retail colocation, situated in the North submarket of Oklahoma County (Oklahoma City), zip code 73118. The property is currently 100% vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,675,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5218
    Latitude
    35.5357
    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
    $65,957
    $57,592
    $479,431
    $537,023
    -
    $567,000
    $4,720,052
    $5,287,052

    Comparable in this City

    • Value Estimation by Request
      5,315 SF

      4500 Sewell Ave

      WAREHOUSE, STORAGE • 5,315 SF
      4500 Sewell Ave, Oklahoma City, OK 73118-7826
      View Details
    • Value Estimation
      $760,000
      15,000 SF

      4619 Santa Fe Ave

      WAREHOUSE, STORAGE • 15,000 SF
      4619 Santa Fe Ave, Oklahoma City, OK 73118-7905
      View Details
    • Value Estimation
      $4,425,000
      188,166 SF

      3813 Santa Fe Ave

      WAREHOUSE, STORAGE • 188,166 SF
      3813 Santa Fe Ave, Oklahoma City, OK 73118-8508
      View Details
    • Value Estimation
      $2,065,000
      37,454 SF

      4440 Cooper Ave

      WAREHOUSE, STORAGE • 37,454 SF
      4440 Cooper Ave, Oklahoma City, OK 73118-8004
      View Details
    • Value Estimation
      $630,000
      25,112 SF

      4901 Cooper Ave

      WAREHOUSE, STORAGE • 25,112 SF
      4901 Cooper Ave, Oklahoma City, OK 73118-7810
      View Details
    • Value Estimation
      $1,300,000
      43,200 SF

      4400 Santa Fe Ave

      MINI-WAREHOUSE, STORAGE • 43,200 SF
      4400 Santa Fe Ave, Oklahoma City, OK 73118-8002
      View Details

    Similar Nearby for Sale

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      103 AC Expand Energy Campus

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    Similar Nearby for Lease

    • $6 SF/Yr
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      Industrial Space with National Tenant

      18,900 SF industrial space with national credit tenant.
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      Richmond Square Office Space

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    • $14 SF/Yr

      Retail Space in Oklahoma City

      Retail property with high foot traffic and competitive rates.
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      View Details
    • $19 SF/Yr
      2,321 SF

      Class A Office Space Available

      Premium office space with modern design and convenient access.
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    • $252 SF/Yr
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      Oklahoma City Auto Repair Shop

      4,800 SF Retail Space, High Visibility
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      View Details
    • $21 SF/Yr
      52,290 SF

      Class A Executive Office Space

      52,290 SF Available Now
      6201 Classen Blvd, Oklahoma City, OK 73118
      View Details
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    600 62nd St
    Oklahoma City, OK 73118-5822
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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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