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    6401 I 35th Frontage Rd Edmond, OK 73034-7301
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    Property profile & analytics

    6401 I 35th Frontage Rd, Edmond, OK 73034-7301

    View on Map
    • Warehouses
    • 123,420 SF
    • 8.85 lot acres
    Off-Market
    Last Sale Aug 16, 2024
    $14,500,000
    Property ID
    US69-0189636
    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
    $12,005,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 6401 I 35th Frontage Rd

    Year built
    2006
    Lot size
    8.85 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    26-304-2001
    APU
    263042001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 16, 2024 $14,500,000 Istorage Jv II Okc Holdings LLC Rogers Equity Group II LLC Special Warranty Deed —
    Mar 10, 2021 — Rogers Equity Group LLC — Deed · related $8.8M · Signature Bank Of Arkansas
    Nov 5, 2020 — Henderson Lavi LLC — Deed · related $10M · First Bk & Tr Co
    Feb 22, 2017 — Henderson Lavi LLC — Deed · related $5.8M · First Florida Integrity Bank
    Sep 21, 2016 $825,000 Henderson Lavi LLC Blue Sky Capital LLC Warranty Deed —
    Jul 5, 2016 — Blue Sky Capital LLC — Trustees Deed · related $497k · Oklahoma St Bk
    Jan 27, 2016 $150,500 Mark Latham Blue Sky Capital LLC Grant Deed —
    Jan 27, 2016 — Blue Sky Capital LLC Blue Sky Capital LLC Quit Claim Deed · related —
    Aug 27, 2015 $1,050,000 Blue Sky Capital LLC Smithbuilt Rock & Stone LLC Warranty Deed · related —
    Dec 27, 2012 — Smithbuilt Rock & Stone LLC Smithbuilt Rock & Stone LLC Quit Claim Deed · related —
    Nov 23, 2005 $300,000 Smithbuilt Rock & Stone LLC Parkhurst,gerald & Paula Warranty Deed $225k · Kirkpatrick Bank
    Mar 4, 1999 $15,000 Dan Webb Parkhurst,gerald & Paula Grant Deed —
    — — Henderson Lavi LLC — Deed Of Trust · related $10M · First Bk & Tr Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $17,745,000
      6.5%
      $16,380,000
      7%
      $15,210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,356,000
      Market price range: $1.73M - $12.6M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $19,470,000
      INDUSTRIAL (GENERAL)
      $11,585,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4177
    Latitude
    35.7203
    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
    $87,978
    $82,744
    $761,246
    $843,990
    -
    $752,225
    $6,920,415
    $7,672,640

    Comparable in this City

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      2616 Coltrane Pl

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    • Value Estimation by Request
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    • Value Estimation
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      1008 Waterwood Pkwy

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    • Value Estimation
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      1323 Broadway

      MINI-WAREHOUSE, STORAGE
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    • Value Estimation
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      13,400 SF

      11625 Broadway

      MINI-WAREHOUSE, STORAGE
      11625 Broadway, Edmond, OK 73034-8678
      View Details

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      4,000 SF steel building on 1 acre in Edmond.
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    • $523,000
      6,000 SF

      Industrial Building in Koloa Park

      6,000 SqFt industrial building in Edmond, OK for sale.
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      3,250 SF

      Industrial Warehouse for Sale

      Industrial warehouse offered for sale with convenient access via S Broadway Extension in Edmond, Oklahoma.
      116 S Broadway Ext, Edmond, OK 73034
      View Details
    • $1,950,000
      17,200 SF

      Edmond Industrial/Flex Property For Sale

      Industrial/flex property with highway access and high visibility.
      3875 E Waterloo Rd, Edmond, OK 73034
      View Details
    • Contact for pricing
      24,000 SF

      Edmond Industrial Building For Sale

      24,000 sqft industrial building in Koloa Industrial Park.
      11535 S Sooner Rd, Edmond, OK 73034
      View Details

    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
    • 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
      6,519 SF

      Industrial Space Available For Lease

      6,519 SF warehouse/industrial space for lease in Edmond, OK.
      5740 Industrial Blvd, Edmond, OK 73034
      View Details
    • Contact for pricing

      Windsor Office Park Leases Available

      Office and warehouse spaces for lease in Windsor Office Park.
      307 E Danforth Rd, Edmond, OK 73034
      View Details
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    Edmond, OK 73034-7301
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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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