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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Medical Office Space
609 Virginia Ave Ponca City, OK 74601-2911
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US69-0345908
Property summary
AI-generated overview
This 9,643-square-foot, single-story office building at 609 Virginia Ave, Ponca City, OK 74601, is available for sale at $2,250,000. Built in 1997, this property boasts a 7.78% cap rate and a net operating income (NOI) of $175,000. Currently vacant, the building features six exam rooms, six offices, four bathrooms, multiple work areas, a spacious reception and lobby, and specialized oncological treatment centers. The property sits on a 1.35-acre lot with ample parking, making it ideal for a variety of medical practices. High-quality finishes include luxury vinyl flooring throughout. The C1 zoning allows for diverse uses. Its location directly across from a hospital provides unparalleled convenience and accessibility. The building offers abundant storage and expansive interiors. This presents a unique investment opportunity for healthcare professionals and investors seeking a prestigious location in Ponca City. The property is currently vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
9,487 SF
Lot
1.35 ac (58,806 SF)
APN
0030-00-004-012-0-001-00
UPID
US69-0345908
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
Current use
Occupant on record · Public records
-
Dr. Gayle A. Roberts, MD Physician
-
Supriya Koya Physician
-
Cancer & Blood Care: Mc Gee Sara Jane MD Physician
-
Dr. Troy A. Richards, MD Physician
-
Cancer And Blood Care Ponca City Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
Contemporary Property LLC · 7 yrs held
Contemporary Property LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+15.8%
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 Ponca City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ponca City 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$920,000
Current use
RESTAURANT
$1,065,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$910,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10%
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
$85 / 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
$14,520
Tax year 2023
Assessed value
$150,571
Assessed 2023
Previous assessed
$151,250
-0.4% YoY
Effective rate
9.64%
On assessed value
Assessed land
$34,931
Assessed improvement
$115,640
Land market value
$317,553
Improvement market value
$1,051,275
Total market value
$1,368,828
Applied tax rate
206.0000
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
1997
Heating
YES
Cooling
YES
Stories
1
Bathrooms
5
Total area
9,487 SF
Lot
1.35 ac (58,806 SF)
APN
0030-00-004-012-0-001-00
UPID
US69-0345908
Jurisdiction
KAY
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
MEDICAL BUILDING Current
Est. value
$920,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$910,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1997
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
5
Lot
1.35 ac
Current owner
From public records · entity-resolved
Contemporary Property LLC
Entity
Mailing address
1520 S MAIN ST, BLACKWELL, OK 74631-4921
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2021
—
Contemporary Property LLC
—
Deed
related
$716,500 · Rcb Bank
Mar 8, 2019
$1,375,000
Contemporary Property LLC
Abtcn III LLC
Special Warranty Deed
$1,100,000 · Rcb Bank
Mar 23, 2018
$1,679,500
Abtcn III LLC
Midwest Oncology Re LLC
Special Warranty Deed
$1,100,000 · Stanford FCU
Feb 12, 2015
$1,122,000
Midwest Oncology Re LLC
St Joseph Cancer Center Of Nthrn
Grant Deed
$1,100,000 · First St Bk
—
—
Midwest Oncology Re LLC
—
Deed Of Trust
related
$1,100,000 · First St Bk
—
—
St Joseph Cancer Center Of Nthrn
—
Deed Of Trust
related
$965,000 · Bank Of America
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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