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Property profile & analytics
FOR LEASE
Industrial properties
718 Research Park Blvd Norman, OK 73069
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-2173750
For Lease
1 / 2
$12 SF/Yr
718 Research Park Blvd, Norman, OK 73069
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2018
Total area
8,700 SF
Lot
2.3 ac (100,188 SF)
APN
NC29NORRP 3 33B001
UPID
US69-2173750
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$983k
Blend (final)
Blend
$810k
Owner & transaction history
Equity Commercial Realty LLC · 3 yrs held
Equity Commercial Realty LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$680,000
Current use
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$93 / 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
$18,509
Tax year 2023
Assessed value
$154,150
Assessed 2023
Previous assessed
$146,809
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$48,919
Assessed improvement
$105,231
Land market value
$601,128
Improvement market value
$1,293,087
Total market value
$1,894,215
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2018
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
8,700 SF
Lot
2.3 ac (100,188 SF)
APN
NC29NORRP 3 33B001
UPID
US69-2173750
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
INDUSTRIAL (GENERAL) Current
Est. value
$680,000
INDUSTRIAL (GENERAL) Current
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
2018
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
2.3 ac
Current owner
From public records · entity-resolved
Equity Commercial Realty LLC
Entity
Mailing address
600 NW 23RD ST STE #200, OKLAHOMA CITY, OK 73103-1464
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
—
Equity Commercial Realty LLC
—
Deed
related
$2,560,000 · City National Bank & Trust Co Of Lawton
Apr 7, 2021
—
Equity Commercial Realty LLC
—
Deed
related
$50,000 · Oklahoma State Bank
May 13, 2020
—
Equity Commercial Realty LLC
—
Deed
related
$631,476 · Oklahoma St Bk
Jan 14, 2020
—
Equity Commercial Realty LLC
—
Deed
related
$25,000 · Oklahoma St Bk
Oct 26, 2017
—
Equity Commercial Realty LLC
—
Deed
related
$918,000 · Oklahoma St Bk
Jan 9, 2017
—
Equity Commercial Realty LLC
—
Deed
related
$245,000 · Republic Bk&tr
Dec 29, 2016
—
Equity Commercial Realty LLC
—
Deed
related
$250,000 · Republic Bk&tr
—
—
Equity Commercial Realty LLC
—
Loan Modification
related
$245,000 · Republic Bk&tr
—
—
Equity Commercial Realty LLC
—
Deed Of Trust
related
$25,000 · Oklahoma St Bk
—
—
Equity Commercial Realty LLC
—
Loan Modification
related
—
—
—
Equity Commercial Realty LLC
—
Loan Modification
related
$245,000 · Republic Bk&tr
—
—
Equity Commercial Realty LLC
—
Loan Modification
related
$250,000 · Republic Bk&tr
—
—
Equity Commercial Realty LLC
—
Deed Of Trust
related
$918,000 · Oklahoma St Bk
—
—
Equity Commercial Realty LLC
—
Loan Modification
related
—
—
—
Equity Commercial Realty LLC
—
Deed Of Trust
related
$631,476 · Oklahoma St Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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