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    6355 Boucher Dr Edmond, OK 73034-9258
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    Property profile & analytics

    6355 Boucher Dr, Edmond, OK 73034-9258

    View on Map
    • Flex space
    • 7,440 SF
    • 1.33 lot acres
    Off-Market
    Last Sale Oct 25, 2022
    $840,000
    Property ID
    US69-0018063
    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
    $820,000
    Show details
    Cap Rate Potential
    4.9%
    Flex space
    Location Intelligence

    Current Use by Public Records

    • CD Designs autobody / Auto Repair Shop

    Property Details for 6355 Boucher Dr

    Year built
    2011
    Construction
    STEEL FRAME
    Lot size
    1.33 lot acres
    Property type
    Flex space
    APN
    20-131-1020
    APU
    201311020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 29, 2024 — Rjs4 Industrial LLC — Deed · related $250k · Nbc Oklahoma
    Oct 25, 2022 $840,000 Rjs4 Industrial LLC Charles E Degand Special Warranty Deed $682k · Nbc Oklahoma
    Jun 8, 2020 — Charles E Degand — Deed · related $134k · First United Bk
    Dec 4, 2015 — Charles E Degand — Trustees Deed · related $90k · First United Bk
    Jan 20, 2011 $83,000 Charles E Degand Cedar Hill Properties LLC Warranty Deed —
    Apr 28, 2006 $62,500 Cedar Hill Properties LLC Kirby,larry & Elaine Warranty Deed —
    Jun 12, 2000 $45,000 Splicer Supply Oklahoma INC Parkhurst,gerald & Paula Grant Deed $40k · Seller
    — — Cedar Hill Properties LLC — Deed Of Trust · related $235k · Prime Bank
    — — Charles E Degand — Deed Of Trust · related $134k · First United Bk
    — — Charles E Degand — Deed Of Trust · related $50k · First American Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $935,000
      ML approach
      $875,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $770,000
      6.5%
      $710,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,086,000
      Market price range: $312k - $1.09M
      AI Estimate
      $711,000
      Market price range: $308k - $712k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $700,000
      Current use
      COMMERCIAL (GENERAL)
      $1,355,000
      Change: +94% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,175,000
      Change: +68% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4202
    Latitude
    35.72
    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
    $9,640
    $15,948
    $76,531
    $92,479
    -
    $144,988
    $695,732
    $840,720

    Comparable in this City

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      5,000 SF

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    • Value Estimation by Request
      5,000 SF

      6709 I 35th Frontage Rd

      LIGHT INDUSTRIAL
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      $720,000
      7,500 SF

      6230 Industrial Blvd

      LIGHT INDUSTRIAL
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    • Value Estimation by Request
      6,519 SF

      5740 Industrial Blvd

      LIGHT INDUSTRIAL
      5740 Industrial Blvd, Edmond, OK 73034-9473
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    • Value Estimation by Request
      3,830 SF

      821 Royal Way

      LIGHT INDUSTRIAL
      821 Royal Way, Edmond, OK 73034-5501
      View Details
    • Value Estimation
      $585,000
      6,000 SF

      6277 Boucher Dr

      LIGHT INDUSTRIAL
      6277 Boucher Dr, Edmond, OK 73034-9257
      View Details

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      Edmond Industrial/Flex Property For Sale

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      Industrial Building in Koloa Park

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    Similar Nearby for Lease

    • $2,800 /Mo

      Office/Warehouse Flex Space Available

      Flex space with office and warehouse components for lease.
      2800 South Coltrane Pl, Edmond, OK 73034
      View Details
    • Contact for pricing

      Versatile Industrial Property with Warehouses

      Office and warehouse space with convenient highway access.
      3712 E 2Nd St, Edmond, OK 73034
      View Details
    • $1,475 /Mo

      Coltrane Place Flex Space

      Flex space available for lease on Coltrane Place.
      2700 Coltrane Pl, Edmond, OK 73034
      View Details
    • Contact for pricing

      Industrial Development Pre-Leasing Opportunity

      New industrial development in Edmond, OK, with flexible spaces.
      2690 East Waterloo Rd, Edmond, OK 73034
      View Details
    • Contact for pricing

      New Flex Space in Edmond

      New construction flex space available for lease in Edmond, OK.
      11401 Black Sand Dr, Edmond, OK 73034
      View Details
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    Edmond, OK 73034-9258
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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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