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

    6701 Hudson Ave Oklahoma City, OK 73116-7917

    • Warehouses
    • 48,825 SF
    • 10.19 lot acres
    OFF-MARKET
    Last Sale
    Sep 15, 2022
    $999,000
    Value Estimations
    $990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0558440
    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

    • Alexander Marchant Warehouse / Warehouse
    • Okie Rooter & Plumbing / Plumber / Outdoor Bath
    • Discount Home Supply / Home Goods Store
    • Caston Architectural Millwork / Professional Services / Woodworker

    Property Details for 6701 Hudson Ave

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.19 lot acres
    Property size
    48,825 SF
    Property type
    Warehouses
    APN
    13-296-7600
    APU
    132967600

    Description

    This exceptional 48,837-square-foot industrial property, located at 6701 N Hudson Ave, offers multiple tenancy options in a single, one-story building. Built in 1964, this Class B manufacturing facility sits on a generous 10.19 acres of land and features a 16-foot ceiling height, ideal for various industrial uses. The warehouse boasts 3 loading docks and 3 dock-high doors, along with 2 drive-in doors, ensuring efficient loading and unloading. Currently, 35,400 square feet of space is available, with minimum divisible units of 5,400 square feet and a maximum contiguous space of 30,000 square feet. The property is zoned I-2 and has an APN of R132967600. This former lumber warehouse features insulated CMU block construction and an arched TPO roof, providing ample column-free space. A significant benefit is the inclusion of an active BNSF rail spur, enhancing logistical capabilities. The property also includes a large parking lot and additional land. A virtual tour is available for a detailed view of the property's layout and features. This prime location in North Oklahoma City, near the intersection of NW 63rd and I-235, offers excellent accessibility and visibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $975,000
      ML approach
      $1,200,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $988,000
      Market price range: $989k - $1.94M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5201
    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
    $27,755
    $36,619
    $189,360
    $225,979
    -
    $332,900
    $1,721,462
    $2,054,362

    Comparable in this City

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      $740,000
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      6415 Olie Ave

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      View Details
    • Value Estimation by Request
      2,236 SF

      7701 Classen Blvd

      WAREHOUSE, STORAGE • 2,236 SF
      7701 Classen Blvd, Oklahoma City, OK 73116-7011
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    • Value Estimation
      $800,000
      10,060 SF

      901 71st Pl

      WAREHOUSE, STORAGE • 10,060 SF
      901 71st Pl, Oklahoma City, OK 73116-7131
      View Details
    • Value Estimation by Request
      5,565 SF

      745 68th St

      MINI-WAREHOUSE, STORAGE • 5,565 SF
      745 68th St, Oklahoma City, OK 73116
      View Details
    • Value Estimation
      $7,960,000
      193,320 SF

      615 Wilshire Blvd

      WAREHOUSE, STORAGE • 193,320 SF
      615 Wilshire Blvd, Oklahoma City, OK 73116-7722
      View Details
    • Value Estimation by Request
      6,000 SF

      6500 Shartel Ave

      WAREHOUSE, STORAGE • 6,000 SF
      6500 Shartel Ave, Oklahoma City, OK 73116-7626
      View Details

    Similar Nearby for Sale

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      1.3 acre of developable land in Nichols Hills.
      6401 N Pennsylvania Ave, Nichols Hills, OK 73116
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    • Contact for pricing

      Oklahoma City Land For Sale

      Land available for sale in Oklahoma City, Oklahoma.
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      View Details
    • $3,250,000
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      Prime Development Land in Nichols Hills

      1.3 acres of developable land suitable for office or multi-family.
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    Similar Nearby for Lease

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      Industrial Flex Space For Rent

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    • $6,000,000
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      Oklahoma City Warehouse For Lease

      Climate-controlled warehouse with ample parking and versatile loading options.
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    • $8 SF/Yr
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      Industrial Space Available For Lease

      23,351 square foot industrial space for lease.
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    • $8 SF/Yr
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      May Ave Warehouse/Showroom

      Oklahoma City Flex Space, 6,280 SF
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    • Contact for pricing
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      Oklahoma City Warehouse Space

      144,500 square foot warehouse space in Oklahoma City.
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    • $5 SF/Yr
      217,834 SF

      Broadway Business Park: Premier OKC Space

      Flexible industrial space, North OKC.
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      View Details
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    Oklahoma City, OK 73116-7917
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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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