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    Property profile & analytics

    701 153Rd St Oklahoma City, OK 73170

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0061940
    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

    • Residential income homes

    Property Details for 701 153Rd St

    Year built
    1975
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of 24 buildings comprising 26 single-family rental units located at 701 SW 153rd St, Oklahoma City, OK 73170, within Cleveland County. The property, known as Project Vista, offers a compelling value-add proposition with a current asking price of $4,076,751 and a projected 6.50% capitalization rate. Built in 1975, the Class B property is currently vacant, presenting a unique chance for immediate renovation and lease-up to maximize rental income. The portfolio's strategic location in the Oklahoma City metropolitan statistical area (MSA) provides proximity to Tinker Air Force Base, a significant advantage for attracting tenants. This presents a strong potential for above-market rental rates following renovations. The portfolio's current vacancy status allows for a complete overhaul of the units, enabling the implementation of modern upgrades and improvements to enhance property value and rental appeal. This is an ideal opportunity for investors seeking to capitalize on the growing Oklahoma City rental market and benefit from the potential for significant returns on investment through property enhancement and increased occupancy. The portfolio's size and location make it an attractive investment for both individual and institutional investors. The property is situated at 35.3161488 latitude and -97.5254455 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5254455
    Latitude
    35.3161488

    Comparable in this City

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      Oklahoma City Retail Land Opportunity

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      Palermo Place Phase II Land

      Land and build-to-suit options available in Oklahoma City.
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    Similar Nearby for Sale

    • $1,700,000

      Compact Land Ready to Develop

      Dirt compact land ready to develop with utilities on site.
      NW 135Th St, Oklahoma City, OK 73170
      View Details
    • $350,000
      1.40 Acres

      Residential Land with Lake View

      1.4 acres in gated community, desirable Westmoore school district.
      11100 S Western Ave, Oklahoma City, OK 73170
      View Details
    • Contact for pricing
      0.31 Acres

      Oklahoma City Office Land

      Prime development site, build-to-suit.
      3200 119Th St, Oklahoma City, OK 73170
      View Details
    • $429,000
      1.97 Acres

      Prime Moore Commercial Land

      1.97 Acres, High-Traffic Location
      0 4Th St, Oklahoma City, OK 73170
      View Details
    • $2,258,586
      3.05 Acres

      Oklahoma City Retail Land Opportunity

      Prime I-44 frontage, 1300 SF building on 3.05 acres. Sale or lease.
      4136 S.W. 134th Street, Oklahoma City, OK 73170
      View Details
    • Contact for pricing

      Palermo Place Phase II Land

      Land and build-to-suit options available in Oklahoma City.
      13601 S Western Ave, Oklahoma City, OK 73170
      View Details

    Similar Nearby for Lease

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      119th & Western Retail Center

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      Oklahoma City Office Space Available

      Office space for lease in Oklahoma City, Oklahoma.
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    • $35 SF/Yr
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      Class A Retail Space Available

      New retail space in North Oklahoma City's major trade area.
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      Oklahoma City Office Space

      Office space with conference rooms and kitchen in Oklahoma City.
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      Palermo Place Retail Spaces

      Prime Retail Space, New Construction
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    • $14 SF/Yr
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      Stonebriar Retail Center: Oklahoma City

      Prime Retail Space Available: Oklahoma City
      13361 Western Ave, Oklahoma City, OK 73170
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    701 153Rd St
    Oklahoma City, OK 73170
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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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