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Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
Strip malls
7009 Classen Blvd, Oklahoma City, OK 73116-7211
Entity Owned
7-yr Hold
Free & Clear
Property ID
US69-1133800
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,000 SF
Lot
0.95 ac (41,426 SF)
APN
08-567-1800
UPID
US69-1133800
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
-
Tim Hughes Custom Homes, LLC. Construction Company General Contractor
-
Box Talent Agency Theater & Performing Art Venue Music Venue
-
Box Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$1.93M
Owner & transaction history
7000 Classen Partners LLC · 7 yrs held
7000 Classen Partners LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+37.7%
Commercial (general)
$1.8M
+31.5%
Auto repair, garage
$1.8M
+31.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,360,000
Current use
MEDICAL BUILDING
$1,875,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,790,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,785,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$1,540,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$1,480,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±10%
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
$161 / 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
$28,050
Tax year 2023
Assessed value
$228,379
Assessed 2023
Previous assessed
$54,667
+317.8% YoY
Effective rate
12.28%
On assessed value
Assessed land
$54,667
Assessed improvement
$173,712
Land market value
$496,980
Improvement market value
$1,579,196
Total market value
$2,076,176
Applied tax rate
200.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
12,000 SF
Lot
0.95 ac (41,426 SF)
APN
08-567-1800
UPID
US69-1133800
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
7000 Classen Partners LLC
Entity
Free & Clear · 7 yrs held
Mailing address
7009 N CLASSEN BLVD, OKLAHOMA CITY, OK 73116-7211
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2020
—
7000 Classen Partners LLC
—
Deed Of Trust
related
$150,000 · Valor Bk
Nov 13, 2018
$750,000
7000 Classen Partners LLC
Bay,michael
Warranty Deed
—
Feb 18, 2014
—
Michael Bay
Bays,michael
Quit Claim Deed
related
—
Jul 12, 2013
$500,500
Michael Bays
Coventry Land Co Lc
Warranty Deed
—
Jan 11, 2013
—
Coventry Land Co Lc
Berry Carolyn B 1989 Trust
Quit Claim Deed
related
—
Apr 17, 2012
$5,000
Coventry Land Co Lc
Melson,sheila & Cody
Quit Claim Deed
related
—
Mar 13, 2012
$69,500
Coventry Land Co Lc
Harris Mary L Trust
Quit Claim Deed
related
—
Jul 10, 2008
—
Judith H Garrett
Jp Morgan Chase Bank NA
Quit Claim Deed
related
—
Apr 15, 2008
$6,000
Coventry Land Co Lc
Shank,robyn L
Quit Claim Deed
related
—
Feb 26, 2008
—
City Of Oklahoma City
Green & Sons Plumbing Heating
Quit Claim Deed
related
—
Nov 26, 2007
$1,000
Coventry Land Co Lc
Barker,terrence R & Amy
Quit Claim Deed
related
—
May 22, 2006
—
Coventry Land Co Lc
Stratford Land Co Lc
Quit Claim Deed
related
—
Apr 10, 2006
—
Coventry Land Co Lc
Stratford Land Co Lc
Quit Claim Deed
related
—
Apr 5, 2006
$1,000
Stratford Land Co Lc
Harris,betty J
Quit Claim Deed
related
—
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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