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

    721 Memorial Rd Oklahoma City, OK 73114-2013

    • Warehouses
    • 77,276 SF
    • 2.53 lot acres
    OFF-MARKET
    Value Estimations
    $1,020,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0481495
    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

    • U-Haul Moving & Storage of Quail Springs / Moving Supply Store / Self-Storage Facility
    • U-Haul Trailer Hitches / Trailer Supply Store / Truck Accessories Store
    • Truck Sales at U-Haul / Used Truck Dealer / Trailer Dealer
    • Propane Refill at U-Haul / Propane Supplier / Moving And Storage Service
    • U-Box at U-Haul / Moving And Storage Service / Moving Supply Store

    Property Details for 721 Memorial Rd

    Year built
    1997
    Construction
    BRICK
    Lot size
    2.53 lot acres
    Property size
    77,276 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    14-056-2515
    APU
    140562515

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $790,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,252,000
      Market price range: $983k - $1.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5266
    Latitude
    35.6099
    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
    $52,019
    $37,650
    $399,414
    $437,064
    -
    $406,880
    $4,316,488
    $4,723,368

    Comparable in this City

    • Value Estimation
      $795,000
      60,660 SF

      802 Hefner Rd

      MINI-WAREHOUSE, STORAGE • 60,660 SF
      802 Hefner Rd, Oklahoma City, OK 73114-6925
      View Details
    • Value Estimation
      $715,000
      31,864 SF

      721 Memorial Rd

      MINI-WAREHOUSE, STORAGE • 31,864 SF
      721 Memorial Rd, Oklahoma City, OK 73114-2013
      View Details
    • Value Estimation
      $4,275,000
      73,500 SF

      1401 122nd St

      MINI-WAREHOUSE, STORAGE • 73,500 SF
      1401 122nd St, Oklahoma City, OK 73114-8028
      View Details
    • Value Estimation
      $810,000
      157,658 SF

      421 Hefner Rd

      MINI-WAREHOUSE, STORAGE • 157,658 SF
      421 Hefner Rd, Oklahoma City, OK 73114-6730
      View Details
    • Value Estimation
      $525,000
      21,950 SF

      13524 Railway Dr

      MINI-WAREHOUSE, STORAGE • 21,950 SF
      13524 Railway Dr, Oklahoma City, OK 73114-2260
      View Details
    • Value Estimation
      $1,025,000
      65,460 SF

      13601 Santa Fe Ave

      MINI-WAREHOUSE, STORAGE • 65,460 SF
      13601 Santa Fe Ave, Oklahoma City, OK 73114-2240
      View Details

    Similar Nearby for Sale

    • $399,000
      3,040 SF

      Clear Span Warehouse For Sale

      3,040 SF clear span warehouse with offices.
      11305 N Western Ave, Oklahoma City, OK 73114
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    • $3,450,000
      28,445 SF

      Industrial Warehouse with Commercial Zoning

      Renovated industrial warehouse with community commercial zoning.
      1137 E Hefner Rd, Oklahoma City, OK 73114
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    • $486,000
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      Oklahoma City Industrial Land

      1.74 Acres, $486K, I-2 Zoning
      11429 Broadway Ext, Oklahoma City, OK 73114
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    • $560,000
      5,040 SF

      Hefner Road Auto Repair Shop

      Oklahoma City investment opportunity: 5,040 SF auto repair shop.
      800 W. Hefner Road, Oklahoma City, OK 73114
      View Details
    • Contact for pricing
      12,652 SF

      Oklahoma City Retail Investment Opportunity

      Two buildings, 12,652 SF, sale or lease.
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      View Details
    • $399,000
      1,676 SF

      Updated Office Space For Sale

      Updated office space with high visibility and traffic.
      1225 W Britton Rd, Oklahoma City, OK 73114
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      3,720 SF

      Climate Controlled Flex Space

      3,720 SF climate-controlled flex space, ideal for small business.
      913 NW 79Th St, Oklahoma City, OK 73114
      View Details
    • $12 SF/Yr
      5,000 SF

      5,000 SF Warehouse Available

      5,000 SF warehouse with I-2 zoning for lease.
      13600 Railway Dr, Oklahoma City, OK 73114
      View Details
    • $3,950 /Mo
      2,824 SF

      Industrial Space with Drive-Thru Doors

      2,824 SF industrial space featuring drive-thru doors and fenced yard.
      136 NW 122Nd St, Oklahoma City, OK 73114
      View Details
    • $10 SF/Yr
      28,298 SF

      28,298 SF Warehouse Available

      28,298 SF warehouse for lease at $10.00/SF.
      13241 Broadway Ext, Oklahoma City, OK 73114
      View Details
    • $5 SF/Yr
      108,964 SF

      Warehouse/Distribution Property For Rent

      Warehouse/Distribution property with freezer, cooler, office, and storage space.
      37 NE 122Nd St, Oklahoma City, OK 73114
      View Details
    • $10 SF/Yr
      192,353 SF

      Oklahoma City Warehouse Investment Opportunity

      192,353 SF Warehouse, Multiple Spaces Available
      615 Wilshire Blvd, Oklahoma City, OK 73114
      View Details
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    721 Memorial Rd
    Oklahoma City, OK 73114-2013
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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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