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    6000 S Western Ave Oklahoma City, OK 73139
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    Property profile & analytics

    6000 S Western Ave, Oklahoma City, OK 73139

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    • Banks
    • 22,657 SF
    • 1.83 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Turn-Key Office Space Available For Lease
    $18 SF/Yr
    4,500 SF

    Turn-Key Office Space Available

    Ready-to-occupy office space with convenient highway access.

    6000 S Western Ave, Oklahoma City, OK
    View Listing
    Property ID
    US69-0154894
    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.
    Value Estimations
    $800,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hofener Michael / Civil Engineer
    • Traffic Engineering Consultants / Engineer
    • Butler Todd / Engineer
    • Chesapeake Fitness Center / Gym & Fitness Center
    • First United Bank - OKC South Western / Bank / Loan Service

    Property Details for 6000 S Western Ave

    Year built
    1964
    Construction
    BRICK
    Lot size
    1.83 lot acres
    Property type
    Banks
    APN
    10-522-1000
    APU
    105221000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $947,000
      Market price range: $948k - $2.54M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5295
    Latitude
    35.4057
    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
    $42,509
    $105,303
    $253,940
    $359,243
    -
    $957,300
    $2,308,547
    $3,265,847

    Comparable in this City

    • Value Estimation by Request
      3,243 SF

      121 89th St

      FINANCIAL BUILDING
      121 89th St, Oklahoma City, OK 73139-8511
      View Details
    • Value Estimation
      $715,000
      20,265 SF

      7701 Western Ave

      FINANCIAL BUILDING
      7701 Western Ave, Oklahoma City, OK 73139-2432
      View Details
    • Value Estimation by Request
      2,400 SF

      7500 Western Ave

      FINANCIAL BUILDING
      7500 Western Ave, Oklahoma City, OK 73139-2408
      View Details
    • Value Estimation
      $860,000
      26,764 SF

      10201 Western Ave

      FINANCIAL BUILDING
      10201 Western Ave, Oklahoma City, OK 73139-2931
      View Details
    • Value Estimation by Request
      7,199 SF

      8812 Walker Ave

      FINANCIAL BUILDING
      8812 Walker Ave, Oklahoma City, OK 73139-9440
      View Details
    • Value Estimation by Request
      6,793 SF

      1245 I 240th Service Rd

      FINANCIAL BUILDING
      1245 I 240th Service Rd, Oklahoma City, OK 73139-2105
      View Details

    Similar Nearby for Sale

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      Retail Building on Walker Avenue

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      10,594 SF

      Retail Space with High Visibility

      Retail space in a busy corridor with ample parking.
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      5,000 SF

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      29,716 SF

      Oklahoma City Commercial Property For Sale

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      17,900 SF

      I-240 Frontage Property For Sale

      Automotive and retail property with I-240 frontage.
      613 W I-240 Service Rd, Oklahoma City, OK 73139
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    • $3,950,000

      I-240 Frontage Car Dealership

      Car dealership with showroom and maintenance shop on 4.95 acres.
      613 Service Rd, Oklahoma City, OK 73139
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    Similar Nearby for Lease

    • Contact for pricing
      2,840 SF

      Retail Space on S Western

      Retail space available along a busy corridor on S Western.
      7317-7435 S Western Ave, Oklahoma City, OK 73139
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      1,400 SF

      Neighborhood Shopping Center Retail Space

      Retail space available in established shopping center.
      804 W I-240 Service Rd E, Oklahoma City, OK 73139
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      48,000 SF

      Retail Space For Lease

      Retail space available for lease in Oklahoma City.
      1421 Penn Park Blvd, Oklahoma City, OK 73139
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      1,530 SF

      Retail Space Near I-240

      Retail space with high visibility and easy access.
      7701 S Walker Ave, Oklahoma City, OK 73139
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      1,300 SF

      Retail Suite on S. Western

      Retail space with high visibility and quality finishes.
      8605 S Western Ave, Oklahoma City, OK 73139
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    • Contact for pricing

      Retail Spaces in Southern Oaks

      Retail shopping center with spaces for lease in Oklahoma City.
      7390-7424 S Walker Ave, Oklahoma City, OK 73139
      View Details
    View Listing
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    6000 S Western Ave
    Oklahoma City, OK 73139
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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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    6000 S Western Ave, Oklahoma City, OK, 73139
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