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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6601 29th St Midwest City, OK 73110-3002

    • Showrooms
    • 29,549 SF
    • 8.40 lot acres
    OFF-MARKET
    Value Estimations
    $5,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0590384
    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

    • Showrooms

    Property Details for 6601 29th St

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.40 lot acres
    Property size
    29,549 SF
    Property type
    Showrooms
    APN
    15-139-4895
    APU
    151394895

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,795,000
      6.5%
      $6,275,000
      7%
      $5,825,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,779,000
      Market price range: $1.72M - $4.78M
      AI Estimate
      $4,794,000
      Market price range: $1.36M - $5.27M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,450,000
      Current use
      RESTAURANT
      $8,435,000
      Change: +144% Conversion: Difficult
      MEDICAL BUILDING
      $4,615,000
      Change: +34% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,395,000
      Change: +27% Conversion: Difficult
      OFFICE BUILDING
      $3,790,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $3,650,000
      Change: +6% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,350,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Midwest City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4123
    Latitude
    35.4361
    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
    $44,454
    $105,534
    $272,125
    $377,659
    -
    $959,400
    $2,473,866
    $3,433,266

    Comparable in this City

    • Value Estimation
      $1,010,000
      21,700 SF

      8911 29th St

      SHOW ROOM, WAREHOUSE • 21,700 SF
      8911 29th St, Midwest City, OK 73110-8305
      View Details
    • Value Estimation
      $2,475,000
      13,448 SF

      6450 Tinker Diagonal

      SHOW ROOM, WAREHOUSE • 13,448 SF
      6450 Tinker Diagonal, Midwest City, OK 73110-2874
      View Details
    • Value Estimation
      $6,210,000
      38,794 SF

      5800 Tinker Diagonal

      SHOW ROOM, WAREHOUSE • 38,794 SF
      5800 Tinker Diagonal, Midwest City, OK 73110-2826
      View Details
    • Value Estimation
      $2,185,000
      37,352 SF

      7609 29th St

      SHOW ROOM, WAREHOUSE • 37,352 SF
      7609 29th St, Midwest City, OK 73110-5802
      View Details
    • Value Estimation
      $900,000
      10,066 SF

      6100 Tinker Diagonal

      SHOW ROOM, WAREHOUSE • 10,066 SF
      6100 Tinker Diagonal, Midwest City, OK 73110-2832
      View Details
    • Value Estimation
      $3,215,000
      91,820 SF

      6000 Tinker Diagonal

      SHOW ROOM, WAREHOUSE • 91,820 SF
      6000 Tinker Diagonal, Midwest City, OK 73110-2830
      View Details

    Similar Nearby for Sale

    • $450,000
      3,562 SF

      Retail Space on High-Traffic Corridor

      Retail space with utilities included and pylon signage available.
      7101-7117 E Reno Ave, Oklahoma City, OK 73110
      View Details
    • $375,000
      2,500 SF

      Commercial Buildings with Parking, Easy Access

      Two commercial buildings with ample parking and easy highway access.
      325 S Sooner Rd, Oklahoma City, OK 73110
      View Details
    • Contact for pricing
      2,170 SF

      Retail Space with Drive Thru

      2,171 SF retail space with drive-thru and national co-tenants.
      1420 S Air Depot Blvd, Oklahoma City, OK 73110
      View Details
    • Contact for pricing
      4,162 SF

      Retail Space Near Air Force Base

      Retail property with high traffic exposure near Tinker Air Force Base.
      212 S Air Depot Blvd, Oklahoma City, OK 73110
      View Details
    • Contact for pricing
      2,000 SF

      Gateway Plaza Retail Opportunity

      Well-maintained shopping center with national and local tenants.
      1300-1401 Gateway Plz, Oklahoma City, OK 73110
      View Details
    • Contact for pricing
      7,825 SF

      Turnkey Car Wash For Sale

      Operating car wash with equipment included, located in Midwest City.
      208 S Air Depot Blvd, Oklahoma City, OK 73110
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,377 SF

      Midwest City Office Building

      Freestanding Office, High Visibility, 1,377 SF
      7117 Reno Ave, Midwest City, OK 73110
      View Details
    • $18 SF/Yr
      1,248 SF

      Retail Space Available For Lease

      Retail space for lease with 1248 square feet.
      801 S Air Depot Blvd, Oklahoma City, OK 73110
      View Details
    • Contact for pricing
      1,410 SF

      Retail Space with Grease Trap

      Retail space available for rent with existing grease trap.
      7450 E Reno Ave, Oklahoma City, OK 73110
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space with Drive-Thru

      Retail spaces available, one with drive-thru, ample parking.
      1017 S Air Depot Blvd, Midwest City, OK 73110
      View Details
    • Contact for pricing
      31,481 SF

      Retail Pad Site For Lease

      31,481 SF pad site available for ground lease.
      1009 S Air Depot Blvd, Oklahoma City, OK 73110
      View Details
    • Contact for pricing
      1,527 SF

      Retail Space on Air Depot

      Retail space available in high-traffic Oklahoma City location.
      911-915 S Air Depot Blvd, Oklahoma City, OK 73110
      View Details
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    6601 29th St
    Midwest City, OK 73110-3002
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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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