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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Retail space
622 Porter Ave Norman, OK 73071-6030
Entity Owned
Free & Clear
Property ID
US69-0532659
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,600 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R2
APN
NC29JONES 2 17001
UPID
US69-0532659
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
-
Boomer Express Grocery & Convenience Store
-
Krispy Krunchy Chicken Restaurant
-
ATM Atm
-
Bitcoin Depot | Bitcoin ATM Atm Crypto Atm
-
National Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.09M
Owner & transaction history
Raja Sooner Properties INC
Raja Sooner Properties INC
since 2025
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
R2 · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman 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
$1,325,000
ML approach
$1,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$715,000
Current use
MEDICAL BUILDING
$710,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.00M (Aug 11 2023)
Last sale anchor
$1.00M
Aug 11 2023
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
$303 / 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
$9,793
Tax year 2023
Assessed value
$81,552
Assessed 2023
Previous assessed
$77,668
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$11,345
Assessed improvement
$70,207
Land market value
$142,880
Improvement market value
$884,191
Total market value
$1,027,071
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
YES
Stories
1
Bathrooms
2
Total area
3,600 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R2
APN
NC29JONES 2 17001
UPID
US69-0532659
Jurisdiction
CLEVELAND
Zoning & alternative use
R2 · Norman, OK
Zoning R2 · permitted uses
R2 · Norman, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$715,000
MEDICAL BUILDING
Est. value
$710,000
RETAIL STORES Current
MEDICAL BUILDING
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Raja Sooner Properties INC
Entity
Free & Clear · 0 yrs held
Mailing address
4209 NW 29TH ST, OKLAHOMA CITY, OK 73127
Ownership since
2025
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
Aug 7, 2025
$2,375,000
Raja Sooner Properties INC
Malik Brothers LLC
Warranty Deed
—
Dec 7, 2023
—
Malik Brothers LLC
—
Deed
related
$561,500 · First National Bank Of Oklahoma
Aug 11, 2023
$1,000,000
Malik Brothers LLC
Boomers Epress Corp
Warranty Deed
$800,000 · First National Bank Of Oklahoma
Dec 8, 2016
$650,000
Boomers Express Corp
Sunshine Capital Mgmt LLC
Warranty Deed
$487,500 · Quail Creek Bk
Dec 30, 2011
$1,500,001
Sunshine Capital Mgmnt LLC
Nguyen,trang T
Grant Deed
related
—
—
—
Sunshine Capital Mgmt LLC
—
Loan Modification
related
$699,422 · Quail Creek 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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