Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    6200 3rd St Oklahoma City, OK 73128-1026
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6200 3rd St Oklahoma City, OK 73128-1026

    View on Map
    • Turn key restaurants
    • 7,705 SF
    • 1.80 lot acres
    Off-Market
    Property ID
    US69-2370146
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Texas Roadhouse / Restaurant

    Property Details for 6200 3rd St

    Year built
    2004
    Construction
    WOOD FRAME
    Lot size
    1.80 lot acres
    Property size
    7,705 SF
    Property type
    Turn key restaurants
    APN
    20-546-1010
    APU
    205461010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6232
    Latitude
    35.4609
    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
    $25,004
    $91,858
    $113,245
    $205,103
    -
    $862,488
    $1,063,290
    $1,925,778

    Comparable in this City

    • Value Estimation by Request
      3,726 SF

      401 Macarthur Blvd

      RESTAURANT • 3,726 SF
      401 Macarthur Blvd, Oklahoma City, OK 73128-1010
      View Details
    • Value Estimation by Request
      5,040 SF

      209 Outlet Shoppes Dr

      RESTAURANT • 5,040 SF
      209 Outlet Shoppes Dr, Oklahoma City, OK 73128-1029
      View Details
    • Value Estimation by Request
      4,492 SF

      6420 3rd St

      RESTAURANT • 4,492 SF
      6420 3rd St, Oklahoma City, OK 73128-2201
      View Details
    • Value Estimation
      $2,595,000
      7,310 SF

      6212 3rd St

      RESTAURANT • 7,310 SF
      6212 3rd St, Oklahoma City, OK 73128-1026
      View Details
    • Value Estimation
      $530,000
      6,687 SF

      300 Outlet Shoppes Dr

      RESTAURANT • 6,687 SF
      300 Outlet Shoppes Dr, Oklahoma City, OK 73128-1028
      View Details
    • Value Estimation
      $2,895,000
      2,206 SF

      200 Outlet Shoppes Dr

      RESTAURANT • 2,206 SF
      200 Outlet Shoppes Dr, Oklahoma City, OK 73128-1029
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,740 SF

      Freestanding Restaurant on Net Lease

      Freestanding restaurant with 7 years remaining on absolute net lease.
      6320 SW 3Rd St, Oklahoma City, OK 73128
      View Details
    • $2,500,000
      7.34 Acres

      Prime Commercial Land For Sale

      High-visibility commercial land suitable for retail, office, or restaurant development.
      1451 S Morgan Rd, Oklahoma City, OK 73128
      View Details
    • Contact for pricing
      44,000 SF

      New Flex Park For Sale

      New flex park suitable for office, warehouse, and industrial uses.
      5000 SW 20Th St, Oklahoma City, OK 73128
      View Details
    • $1,300,000

      Industrial Land For Sale

      Building under construction in established Industrial Park.
      4901 Bishop Dr, Oklahoma City, OK 73128
      View Details
    • $2,500,000

      Commercial Land For Sale

      Commercial land available on S Morgan Road, Oklahoma City.
      1451 S Morgan Rd, Oklahoma City, OK 73128
      View Details
    • Contact for pricing

      Accessible Commercial Property South of I-40

      Commercial property located near major transportation routes.
      8832 SW 15Th St, Oklahoma City, OK 73128
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      New Retail Space For Rent

      New construction retail space with ample parking in growing market.
      1600 S Morgan Rd, Oklahoma City, OK 73128
      View Details
    • Contact for pricing
      1,656 SF

      Oklahoma City Retail Space Available

      Retail space in a premier Oklahoma City shopping destination.
      5982-5920 SW 4Th Ter, Oklahoma City, OK 73128
      View Details
    • Contact for pricing
      5,000 SF

      Premier Oklahoma City Retail Hub

      Super-regional shopping destination in Oklahoma City MSA.
      6501 SW 3Rd St, Oklahoma City, OK 73128
      View Details
    • Contact for pricing
      1,291 SF

      Premier Retail Destination in Oklahoma

      Super-regional shopping center in Oklahoma City MSA.
      5924 SW 3Rd St, Oklahoma City, OK 73128
      View Details
    • $12 SF/Yr

      New Retail Space Available

      Brand new retail spaces for lease in Oklahoma City.
      2609 South Ann Arbor Ave, Oklahoma City, OK 73128
      View Details
    • Contact for pricing

      Industrial Single Tenant Opportunity

      16,000 SqFt industrial space available for single tenant.
      2415 S Nicklas Ave, Oklahoma City, OK 73128
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6200 3rd St
    Oklahoma City, OK 73128-1026
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!