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Property profile & analytics
OFF-MARKET
Estimated value
$8,845,000
Commercial real estate
6700 59th St, Oklahoma City, OK 73135-5524
Entity Owned
2-yr Hold
Free & Clear
Property ID
US69-0419017
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
40,025 SF
Lot
4.94 ac (215,230 SF)
APN
14-390-0605
UPID
US69-0419017
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
L3 Simulators Aviation Consultant
-
CAE Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.61M
CAP Approach
CAP
$8.50M
Comparable Approach
Comparable
$6.50M
Blend (final)
Blend
$8.85M
Owner & transaction history
Cep St Industrial LLC · 2 yrs held
Cep St Industrial LLC
since 2023
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.4M
+101.8%
Medical building
$6.3M
+10.4%
Auto repair, garage
$6.0M
+5.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oklahoma City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oklahoma City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,170,000
ML approach
$8,605,000
CAP Approach
CAP Return
Estimation
6%
$9,205,000
6.5%
$8,500,000
7%
$7,890,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,660,000
Current use
RESTAURANT
$11,420,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$6,250,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,950,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$8.85M
Range $7.96M – $9.73M · ±10% · vs last sale $9.14M (Oct 9 2023)
Last sale anchor
$9.14M
Oct 9 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$221 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$70,420
Tax year 2023
Assessed value
$572,797
Assessed 2023
Previous assessed
$572,797
+0.0% YoY
Effective rate
12.29%
On assessed value
Assessed land
$33,658
Assessed improvement
$539,139
Land market value
$305,985
Improvement market value
$4,901,268
Total market value
$5,207,253
Applied tax rate
252.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
40,025 SF
Lot
4.94 ac (215,230 SF)
APN
14-390-0605
UPID
US69-0419017
Jurisdiction
OKLAHOMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.7M
RESTAURANT
Est. value
$11.4M
MEDICAL BUILDING
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$6.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
4.94 ac
Current owner
From public records · entity-resolved
Cep St Industrial LLC
Entity
Free & Clear · 2 yrs held
Mailing address
17328 VENTURA BLVD, ENCINO, CA 91316-3904
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2023
—
Cep St Industrial LLC
Cep Industrial LLC
Intrafamily Transfer
related
—
Feb 26, 2021
$9,138,000
Okc Aerospace 2 Industrial LLC
Jcg LLC II
Special Warranty Deed
$5,940,000 · Standard Insurance Co
Feb 25, 2020
—
Jcg LLC II
Jcg LLC II
Quit Claim Deed
related
—
Jan 8, 2020
—
Okc Aerospace I Industrial LLC
Jcg LLC II
Grant Deed
related
—
Mar 23, 2017
—
Jcg LLC II
—
Loan Modification
related
$36,000,000 · Bank Snb NA
Feb 23, 2017
—
Jcg LLC II
—
Deed
related
$36,000,000 · Bank Snb NA
—
—
Jcg LLC II
—
Deed Of Trust
related
$26,000,000 · Comerica Bk
—
—
Jcg LLC II
—
Deed Of Trust
related
$36,000,000 · Bank Snb NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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