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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office buildings
700 Asp Ave Norman, OK 73069-4900
Entity Owned
2-yr Hold
Free & Clear
Property ID
US69-0505230
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,746 SF
Lot
0.26 ac (11,369 SF)
APN
NCT3LAUNI 1 4002
UPID
US69-0505230
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
-
Transition House Inc Crisis Center Medical Clinic
-
Candice Patterson Foster Care Service Social Service Agency
-
Katie Bottoms Foster Care Service Social Service Agency
-
Dr. H G. Ritchey Sr, DDS Dental Office
-
H. Ritchey Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$543k
Blend (final)
Blend
$825k
Owner & transaction history
700a LLC · 2 yrs held
700a LLC
since 2024
Last sale
$825,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$995,000
+31.2%
Medical building
$940,000
+23.4%
Commercial (general)
$815,000
+7.4%
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 Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman 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
$825,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$760,000
Current use
RETAIL STORES
$995,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$940,000
Change: +23% · Conversion: Easy
COMMERCIAL (GENERAL)
$815,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$780,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $825k (Jan 8 2024)
Last sale anchor
$825k
Jan 8 2024
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
$174 / 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
$3,300
Tax year 2023
Assessed value
$27,487
Assessed 2023
Previous assessed
$26,178
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$4,164
Assessed improvement
$23,323
Land market value
$77,350
Improvement market value
$433,175
Total market value
$510,525
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
YES
Stories
1
Bathrooms
4
Total area
4,746 SF
Lot
0.26 ac (11,369 SF)
APN
NCT3LAUNI 1 4002
UPID
US69-0505230
Jurisdiction
CLEVELAND
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
OFFICE BUILDING Current
Est. value
$760,000
RETAIL STORES
Est. value
$995,000
MEDICAL BUILDING
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$780,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.26 ac
Current owner
From public records · entity-resolved
700a LLC
Entity
Free & Clear · 2 yrs held
Mailing address
14708 STONE MNR DR, OKLAHOMA CITY, OK 73142-7822
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
$825,000
700a LLC
Linda Lankister Properties LLC
Special Warranty Deed
—
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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