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

    6001 63rd St Warr Acres, OK 73132-7504

    • Commercial real estate
    • 10,568 SF
    • 1.33 lot acres
    OFF-MARKET
    Last Sale
    Jul 14, 2023
    $1,870,000
    Value Estimations
    $1,780,000
    Show details
    Cap Rate Potential
    9%
    Commercial real estate
    Location Intelligence
    Property ID
    US69-0683881
    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

    • United States Postal Service / Shipping And Mailing Service / Post Office
    • Mr Fix It Oklahoma / Handyman/Handywoman/Handyperson / Construction Company
    • Bella Donna Business Solutions LLC / Service Establishment / Bookkeeping Service
    • All Custom Goods & Entertainment LLC / Multimedia And Electronic Book Publisher / Film Production Company
    • JLY Productions / Media Company

    Property Details for 6001 63rd St

    Year built
    1972
    Construction
    BRICK
    Lot size
    1.33 lot acres
    Property size
    10,568 SF
    Property type
    Commercial real estate
    APN
    18-909-5590
    APU
    189095590

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,625,000
      ML approach
      $1,720,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,430,000
      6.5%
      $2,245,000
      7%
      $2,085,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,230,000
      Current use
      MEDICAL BUILDING
      $1,650,000
      Change: +34% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,570,000
      Change: +28% Conversion: Difficult
      OFFICE BUILDING
      $1,355,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $1,305,000
      Change: +6% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,200,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Warr Acres
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6227
    Latitude
    35.5374
    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
    $9,574
    $16,401
    $64,845
    $81,246
    -
    $153,600
    $607,304
    $760,904

    Comparable in this City

    • Value Estimation by Request
      0.57 Acres

      5800 Expressway

      Land • 0.57 Acres
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      View Details
    • Value Estimation
      $270,000
      0.35 Acres

      7431 85th St

      COMMERCIAL (GENERAL) • 0.35 Acres
      7431 85th St, Oklahoma City, OK 73132
      View Details
    • Value Estimation
      $345,000
      5,505 SF

      8901 Commerce Park Dr

      COMMERCIAL (GENERAL) • 5,505 SF
      8901 Commerce Park Dr, Oklahoma City, OK 73132-3436
      View Details
    • Value Estimation
      $380,000
      2,958 SF

      7800 89th St

      COMMERCIAL (GENERAL) • 2,958 SF
      7800 89th St, Oklahoma City, OK 73132-3214
      View Details
    • Value Estimation
      $660,000
      20,411 SF

      8600 Silver Xing

      COMMERCIAL (GENERAL) • 20,411 SF
      8600 Silver Xing, Oklahoma City, OK 73132
      View Details
    • Value Estimation
      $1,020,000
      91,367 SF

      8525 Silver Xing

      COMMERCIAL (GENERAL) • 91,367 SF
      8525 Silver Xing, Oklahoma City, OK 73132-3380
      View Details

    Similar Nearby for Sale

    • $800,000
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      NW Expressway Pad Site - Warr Acres

      Prime .57-acre commercial lot, high visibility.
      5800 Expy, Warr Acres, OK 73132
      View Details
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      Oklahoma City Commercial Land Parcel

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    • $3,900,000
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      Prime OKC Retail Storefront

      High-traffic location, 33,597 SF, $3.9M
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    • $615,000
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      Warr Acres Office Building

      Office building in Warr Acres, Oklahoma, with ample parking.
      5749 NW 72Nd St, Warr Acres, OK 73132
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    • Contact for pricing

      Retail Investment Opportunity

      Retail property for sale in Oklahoma City.
      8301 Glade Ave, Oklahoma City, OK 73132
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      6,000 SF

      6,000 SF on 0.67 Acres Industrial Flex Space For Lease - 8200 Glade Avenue

      6,000 SF on 0.67 Acres Industrial Flex Space For Lease - 8200 Glade Avenue
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      View Details
    • Contact for pricing
      33,442 SF

      NW Expressway Retail Opportunity

      Prime Warr Acres Retail Space - 33,442 SF
      5930 Expy, Warr Acres, OK 73132
      View Details
    • $15 SF/Yr
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      56 Expressway Office Space

      Warr Acres, OK Office Suites Available
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      View Details
    • $15 SF/Yr
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      Oklahoma City Office Space For Lease

      Prime Office Building, 20,516 SF
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      View Details
    • $14 SF/Yr
      1,230 SF

      Retail Space on NW Expressway

      Well-maintained shopping center retail space for lease.
      6728 Expressway NW, Oklahoma City, OK 73132
      View Details
    • $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
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      View Details
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    Warr Acres, OK 73132-7504
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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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