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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Warehouses
7508 Melrose Ln, Oklahoma City, OK 73127-5143
Entity Owned
4-yr Hold
Free & Clear
Property ID
US69-0041725
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
STEEL FRAME
Total area
24,088 SF
Lot
2.64 ac (115,216 SF)
APN
14-794-9270
UPID
US69-0041725
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
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Hoitt Melrose LLC · 4 yrs held
Hoitt Melrose LLC
since 2022
Last sale
$1.6M
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 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
$1,515,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,460,000
Current use
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.55M (May 10 2022)
Last sale anchor
$1.55M
May 10 2022
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
$63 / 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
$19,912
Tax year 2023
Assessed value
$170,639
Assessed 2023
Previous assessed
$121,090
+40.9% YoY
Effective rate
11.67%
On assessed value
Assessed land
$32,956
Assessed improvement
$137,683
Land market value
$299,603
Improvement market value
$1,251,664
Total market value
$1,551,267
Applied tax rate
541.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
24,088 SF
Lot
2.64 ac (115,216 SF)
APN
14-794-9270
UPID
US69-0041725
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
WAREHOUSE, STORAGE Current
Est. value
$2.5M
WAREHOUSE, STORAGE 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
1985
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
Hoitt Melrose LLC
Entity
Free & Clear · 4 yrs held
Mailing address
54 JACONNET ST STE #100, NEWTON HIGHLANDS, MA 02461-1956
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
$1,550,000
Hoitt Melrose LLC
Hassan Properties LLC
Warranty Deed
—
Jun 15, 2021
$1,100,000
Hassan Mazrouee
Property Devleopment Company One Ll
Warranty Deed
—
Oct 16, 2018
—
Property Dev Co One LLC
—
Deed
related
—
Mar 8, 2010
$345,500
Jake Huber
Charles Dornbach
Warranty Deed
$347,082 · First National Bank Of Oklahoma
Mar 8, 2010
—
Property Dev Co One LLC
Huber,jake
Warranty Deed
related
—
Dec 26, 2002
$532,000
Charles R Dornbach
Comprehensive Community Svcs
Grant Deed
$435,000 · First National Bank Oklahoma
—
—
Property Dev Co One LLC
—
Deed Of Trust
related
$225,000 · Andrea Adamson
—
—
Property Dev Co One LLC
—
Deed Of Trust
related
$307,499 · First National Bank Oklahoma
—
—
Charles R Dornbach
—
Deed Of Trust
related
$388,605 · First National Bank Oklahoma
—
—
Property Dev Co One LLC
—
Loan Modification
related
—
—
—
Property Dev Co One LLC
—
Loan Modification
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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