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

    6601 May Ave Oklahoma City, OK 73116

    • Retail space
    • 6,280 SF
    • 0.19 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimations
    $350,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0730176
    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

    • Bed Man / Mattress Store / Bedding Store
    • The Clive SR22 Insurance / Commercial Agent / Auto Insurance Agency

    Property Details for 6601 May Ave

    Year built
    1957
    Construction
    CONCRETE BLOCKS
    Lot size
    0.19 lot acres
    Property size
    6,280 SF
    Property type
    Retail space
    APN
    11-215-2000
    APU
    112152000

    Description

    This exceptional 6,280-square-foot commercial property, located at 6601 N May Ave in Oklahoma City, OK 73116, presents a unique blend of retail showroom and warehouse space. Situated on a 0.2-acre lot at the intersection of NW 66th St & May Avenue, this single-tenant building boasts a recently renovated approximately 2,800-square-foot showroom, perfect for showcasing products or services. The remaining approximately 3,480-square-foot area is dedicated to warehouse space, featuring three overhead doors for efficient loading and unloading. Built in 1957 and extensively renovated in 2024, the property is classified as Class B and zoned C-3. The building is a single-story structure offering ample parking with 15 spaces. Two convenient restrooms are included. Property taxes are $0.66 per square foot. This prime location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a versatile and well-maintained space to establish or expand their operations. The property's features, combined with its strategic location, represent a valuable asset in the Oklahoma City market. APN: R112152000. Oklahoma County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $402,000
      Market price range: $402k - $1.22M
      AI Estimate
      $245,000
      Market price range: $246k - $677k

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.566
    Latitude
    35.5385
    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
    $3,951
    $3,661
    $28,504
    $32,165
    -
    $49,980
    $389,136
    $439,116

    Comparable in this City

    • Value Estimation
      $320,000
      6,600 SF

      6400 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,600 SF
      6400 Western Ave, Oklahoma City, OK 73116-7322
      View Details
    • Value Estimation
      $345,000
      6,372 SF

      241 Wilshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,372 SF
      241 Wilshire Blvd, Oklahoma City, OK 73116-7742
      View Details
    • Value Estimation
      $285,000
      7,080 SF

      415 Wilshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,080 SF
      415 Wilshire Blvd, Oklahoma City, OK 73116-7702
      View Details
    • Value Estimation
      $415,000
      2,464 SF

      101 63rd St

      RETAIL STORES (PERSONAL SERVICES) • 2,464 SF
      101 63rd St, Oklahoma City, OK 73116-8233
      View Details
    • Value Estimation
      $305,000
      7,480 SF

      6415 Meridian Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,480 SF
      6415 Meridian Ave, Oklahoma City, OK 73116-1402
      View Details
    • Value Estimation
      $355,000
      1,404 SF

      7727 May Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,404 SF
      7727 May Ave, Oklahoma City, OK 73116-3113
      View Details

    Similar Nearby for Sale

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      Retail property with ample parking and pole signage available for sale.
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    • Contact for pricing

      May Ave Parking Lot Investment

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    Similar Nearby for Lease

    • $18 SF/Yr
      1,280 SF

      Retail Space Available For Lease

      Retail space available for lease in Oklahoma City, OK.
      6600 N Western Ave, Oklahoma City, OK 73116
      View Details
    • $20 SF/Yr
      1,516 SF

      Retail Space Near Nichols Hills

      Retail space adjacent to Starbucks, located on N May Avenue.
      7518 N May Ave, Oklahoma City, OK 73116
      View Details
    • $13 SF/Yr
      1,600 SF

      Retail Space on N May

      Well-maintained retail space with excellent visibility and access.
      7708 N May Ave, Oklahoma City, OK 73116
      View Details
    • $22 SF/Yr
      3,715 SF

      Grand Blvd Executive Office Space

      Oklahoma City Office/Retail, 3715 SF
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    • $5 SF/Yr
      217,834 SF

      Broadway Business Park: Premier OKC Space

      Flexible industrial space, North OKC.
      210 Wilshire Blvd, Oklahoma City, OK 73116
      View Details
    • $8 SF/Yr
      6,280 SF

      May Ave Warehouse/Showroom

      Oklahoma City Flex Space, 6,280 SF
      6601 May Ave, Oklahoma City, OK 73116
      View Details
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    Oklahoma City, OK 73116
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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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