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    Property profile & analytics

    6532 May Ave Oklahoma City, OK 73116-4812

    • Medical Office Space
    • 5,604 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0317218
    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.

    Current Use by Public Records

    • Dr. Ashley N. Lanman, DDS / Dental Office
    • Masterpiece Smiles / Dental Office
    • Baumann Robert E DDS / Dental Office
    • Dr. Bryce Baumann / Dental Office
    • Dr. Kristie B. Haller / Dental Office

    Property Details for 6532 May Ave

    Year built
    1986
    Construction
    BRICK
    Lot size
    0.47 lot acres
    Property size
    5,604 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    11-987-1275
    APU
    119871275

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $618,000
      Market price range: $470k - $1.42M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $875,000
      Current use
      COMMERCIAL (GENERAL)
      $835,000
      Change: -5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $835,000
      Change: -5% Conversion: Difficult
      OFFICE BUILDING
      $720,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5652
    Latitude
    35.5381
    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
    $7,329
    $9,909
    $49,763
    $59,672
    -
    $90,086
    $452,387
    $542,473

    Comparable in this City

    • Value Estimation
      $1,140,000
      6,974 SF

      4025 63rd St

      MEDICAL BUILDING • 6,974 SF
      4025 63rd St, Oklahoma City, OK 73116-1911
      View Details
    • Value Estimation
      $860,000
      3,187 SF

      7244 Classen Blvd

      MEDICAL BUILDING • 3,187 SF
      7244 Classen Blvd, Oklahoma City, OK 73116-7113
      View Details
    • Value Estimation by Request
      1,768 SF

      3621 63rd St

      MEDICAL BUILDING • 1,768 SF
      3621 63rd St, Oklahoma City, OK 73116-2042
      View Details
    • Value Estimation by Request
      1,148 SF

      3621 63rd St

      MEDICAL BUILDING • 1,148 SF
      3621 63rd St, Oklahoma City, OK 73116-2042
      View Details
    • Value Estimation
      $1,055,000
      9,500 SF

      3301 63rd St

      MEDICAL BUILDING • 9,500 SF
      3301 63rd St, Oklahoma City, OK 73116-3705
      View Details
    • Value Estimation by Request
      2,241 SF

      3621 63rd St

      MEDICAL BUILDING • 2,241 SF
      3621 63rd St, Oklahoma City, OK 73116-2042
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      165,000 SF

      Medical Office Business Park Development

      165,000 SF medical office park development opportunity.
      8516 S Portland Ave, Oklahoma City, OK 73116
      View Details
    • $3,895,000
      77,175 SF

      Garden-Style Office Building For Sale

      77,175 SF office building with convenient parking and landscaping.
      3033-3037 NW 63Rd St, Oklahoma City, OK 73116
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    • $350,000
      2,800 SF

      Office Condo on Western Avenue

      2,799 SF office condo with ample parking.
      6510 S Western Ave, Oklahoma City, OK 73116
      View Details
    • $1,450,000
      14,976 SF

      Edgewater Office Park Investment

      Oklahoma City Office Complex - 14,976 SF
      3801 N.W. 63rd Street, Buildings 2 & 3, Oklahoma City, OK 73116
      View Details
    • $2,000,000
      16,010 SF

      Oklahoma City Industrial Property

      Office/Warehouse, 16,010 SF, $2M
      7608 Hudson Ave, Oklahoma City, OK 73116
      View Details
    • $7,900,000

      Oklahoma City Office Building For Sale

      Four-story office building with atrium and Broadway views.
      6701 Broadway Ext, Oklahoma City, OK 73116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,389 SF

      Equipped Ambulatory Surgery Center

      Fully equipped Ambulatory Surgery Center in high-traffic area.
      3705 NW 63Rd St, Oklahoma City, OK 73116
      View Details
    • $20 SF/Yr
      7,985 SF

      NW Expressway Retail Space

      Oklahoma City retail space, prime location.
      4235 Expressway, Oklahoma City, OK 73116
      View Details
    • $18 SF/Yr
      27,602 SF

      Broadway North Office Building

      Oklahoma City Executive Suites
      7301 Broadway Ext, Oklahoma City, OK 73116
      View Details
    • $1,900 /Mo
      1,765 SF

      Oklahoma City Office Space Available

      Office space for lease in Santa Fe Square Office Park.
      6418 N Santa Fe Ave, Oklahoma City, OK 73116
      View Details
    • $21 SF/Yr
      45,541 SF

      Oklahoma City Executive Office Space

      Class A Office, 45,541 SF, 5 Spaces Available
      6015 Classen Blvd, Oklahoma City, OK 73116
      View Details
    • Contact for pricing
      2,800 SF

      Office Space Available For Rent

      2800 square feet of office space for lease.
      6801 N Classen Blvd, Oklahoma City, OK 73116
      View Details
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    6532 May Ave
    Oklahoma City, OK 73116-4812
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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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