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Property profile & analytics
OFF-MARKET
Estimated value
$10,055,000
Commercial real estate
7210 29th St Oklahoma City, OK 73179
Entity Owned
10-yr Hold
Free & Clear
Property ID
US69-0325104
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Construction
STEEL FRAME
Total area
51,952 SF
Lot
29.84 ac (1,299,830 SF)
APN
16-865-2725
UPID
US69-0325104
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
-
Hobby Lobby Transportation Offices Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.03M
Comparable Approach
Comparable
$11.55M
Blend (final)
Blend
$10.06M
Owner & transaction history
Hl American Investments LLC · 10 yrs held
Hl American Investments LLC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.8M
+101.8%
Medical building
$8.1M
+10.4%
Auto repair, garage
$7.7M
+5.1%
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%
$11,950,000
6.5%
$11,030,000
7%
$10,240,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,345,000
Current use
RESTAURANT
$14,825,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$8,110,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,725,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$6,665,000
Change: -9% · Conversion: Easy
RETAIL STORES
$6,415,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$10.06M
Range $9.05M – $11.06M · ±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
$194 / 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
$169,553
Tax year 2023
Assessed value
$1,457,764
Assessed 2023
Previous assessed
$1,457,764
+0.0% YoY
Effective rate
11.63%
On assessed value
Assessed land
$143,112
Assessed improvement
$1,314,652
Land market value
$1,301,024
Improvement market value
$11,951,381
Total market value
$13,252,405
Applied tax rate
341.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
51,952 SF
Lot
29.84 ac (1,299,830 SF)
APN
16-865-2725
UPID
US69-0325104
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
COMMERCIAL (GENERAL) Current
Est. value
$7.3M
RESTAURANT
Est. value
$14.8M
MEDICAL BUILDING
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.7M
OFFICE BUILDING
Est. value
$6.7M
RETAIL STORES
Est. value
$6.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
1997
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
29.84 ac
Current owner
From public records · entity-resolved
Hl American Investments LLC
Entity
Free & Clear · 10 yrs held
Mailing address
7707 SW 44TH ST, OKLAHOMA CITY, OK 73179-4808
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2016
$3,390,000
Hl American Investments LLC
Hobby Lobby Stores INC
Warranty Deed
—
Oct 15, 2015
—
Hl Campus LLC
Hobby Lobby Stores INC
Warranty Deed
related
—
Jul 15, 2014
$3,400,000
Hobby Lobby Stores INC
Western Heights Properties LLC
Grant 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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