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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Retail space
614 Sheridan Ave Oklahoma City, OK 73102-2410
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0012231
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,240 SF
Lot
0.16 ac (7,013 SF)
APN
01-368-3240
UPID
US69-0012231
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
-
Lampstand Media Film Production Television Studio
-
Lampstand Story Co Film Production Television Studio
-
Sector 614 Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Watson & Jones LLC · 4 yrs held
Watson & Jones LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+131.2%
Medical building
$975,000
+26.5%
Auto repair, garage
$930,000
+20.5%
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 Oklahoma City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oklahoma 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
$1,270,000
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
$2,055,000
6.5%
$1,895,000
7%
$1,760,000
Alternative Use
Use
Estimation
RESTAURANT
$1,780,000
Change: +131% · Conversion: Easy
MEDICAL BUILDING
$975,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$930,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$880,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.40M (Oct 15 2021)
Last sale anchor
$1.40M
Oct 15 2021
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
$217 / 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
$7,479
Tax year 2023
Assessed value
$60,892
Assessed 2023
Previous assessed
$50,666
+20.2% YoY
Effective rate
12.28%
On assessed value
Assessed land
$7,608
Assessed improvement
$53,284
Land market value
$140,000
Improvement market value
$980,449
Total market value
$1,120,449
Applied tax rate
200.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
6,240 SF
Lot
0.16 ac (7,013 SF)
APN
01-368-3240
UPID
US69-0012231
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
$1.8M
MEDICAL BUILDING
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$880,000
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Watson & Jones LLC
Entity
Mailing address
614 W SHERIDAN AVE, OKLAHOMA CITY, OK 73102-2410
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
—
Watson And Jones LLC
—
Deed
related
$575,000 · Watermark Bank
Oct 15, 2021
$1,400,000
Watson & Jones LLC
Tietsort Investments LLC
Warranty Deed
$1,120,000 · Watermark Bank
Oct 15, 2021
—
Tietsort Investments LLC
Christopher Augustus Tietsort
Intrafamily Transfer
related
—
Mar 19, 2015
—
Tietsort Investments LLC
Tietsort Christopher A & Amanda L
Quit Claim Deed
related
—
Feb 19, 2009
—
Christopher A Tietsort
614 W Sheridan LLC
Warranty Deed
—
Aug 21, 2008
—
Christopher A Tietsort
Matthews,phillip
Quit Claim Deed
related
—
Jan 25, 2007
$410,000
614 W Sheridan LLC
Film Exchange Row LLC
Warranty Deed
$409,954 · Film Exchange Row LLC
Aug 23, 2004
$150,000
Film Exchange Row LLC
Armstrong,fred & Ginger G
Warranty Deed
$375,000 · Nbanc
—
—
Fred C Armstrong
—
Deed Of Trust
related
$147,073 · Midfirst Bank State Savings 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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