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

    7608 Harvey Ave Oklahoma City, OK 73116-7715

    • Warehouses
    • 16,399 SF
    • 3.22 lot acres
    OFF-MARKET
    Last Sale
    Nov 07, 2022
    $1,975,000
    Value Estimations
    $1,960,000
    Show details
    Cap Rate Potential
    6.7%
    Warehouses
    Location Intelligence
    Property ID
    US69-0047147
    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

    • Tri State Industrial Group / Factory / Industrial Manufacturer
    • A2D Technologies / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 7608 Harvey Ave

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.22 lot acres
    Property size
    16,399 SF
    Property type
    Warehouses
    APN
    13-296-0460
    APU
    132960460

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,930,000
      ML approach
      $1,920,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,165,000
      6.5%
      $1,995,000
      7%
      $1,855,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,633,000
      Market price range: $686k - $1.63M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,560,000
      COMMERCIAL (GENERAL)
      $2,445,000
      AUTO REPAIR, GARAGE
      $2,440,000
      OFFICE BUILDING
      $2,105,000
      RETAIL STORES
      $2,025,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,860,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5182
    Latitude
    35.5499
    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
    $26,765
    $23,118
    $194,805
    $217,923
    -
    $210,168
    $1,770,954
    $1,981,122

    Comparable in this City

    • Value Estimation
      $2,090,000
      12,225 SF

      7101 Robinson Ave

      WAREHOUSE, STORAGE • 12,225 SF
      7101 Robinson Ave, Oklahoma City, OK 73116-9048
      View Details
    • Value Estimation
      $820,000
      11,228 SF

      944 Wilshire Blvd

      WAREHOUSE, STORAGE • 11,228 SF
      944 Wilshire Blvd, Oklahoma City, OK 73116-7024
      View Details
    • Value Estimation
      $930,000
      15,440 SF

      301 70th St

      WAREHOUSE, STORAGE • 15,440 SF
      301 70th St, Oklahoma City, OK 73116-7805
      View Details
    • Value Estimation
      $990,000
      48,825 SF

      6701 Hudson Ave

      WAREHOUSE, STORAGE • 48,825 SF
      6701 Hudson Ave, Oklahoma City, OK 73116-7917
      View Details
    • Value Estimation by Request
      6,490 SF

      211 67th St

      WAREHOUSE, STORAGE • 6,490 SF
      211 67th St, Oklahoma City, OK 73116-8247
      View Details
    • Value Estimation by Request
      7,680 SF

      220 67th St

      WAREHOUSE, STORAGE • 7,680 SF
      220 67th St, Oklahoma City, OK 73116-8216
      View Details

    Similar Nearby for Sale

    • $2,000,000
      16,010 SF

      Oklahoma City Industrial Property

      Office/Warehouse, 16,010 SF, $2M
      7608 Hudson Ave, Oklahoma City, OK 73116
      View Details
    • Contact for pricing
      3,000 SF

      Oklahoma City Office Build-to-Suit

      Luxury Office Space, Custom Design
      801 72Nd St, Oklahoma City, OK 73116
      View Details
    • $1,450,000
      14,976 SF

      Edgewater Office Park: Two Buildings

      Oklahoma City Executive Office Complex
      3801 63Rd St, Oklahoma City, OK 73116
      View Details
    • $3,250,000
      58,232 SF

      Prime Development Land in Nichols Hills

      1.3 acres of developable land suitable for office or multi-family.
      6401 N Pennsylvania Ave, Oklahoma City, OK 73116
      View Details
    • $330,000
      1,248 SF

      Renovated Condo Near Grand Blvd

      Fully furnished, renovated condo in prime Nichols Hills location.
      1110 Sherwood Ln, Nichols Hills, OK 73116
      View Details
    • $3,250,000

      Developable Land in Nichols Hills

      1.3 acre of developable land in Nichols Hills.
      6401 N Pennsylvania Ave, Nichols Hills, OK 73116
      View Details

    Similar Nearby for Lease

    • $2,600 /Mo
      3,600 SF

      Industrial Flex Space For Rent

      Remodeled industrial flex space with office, bathroom, and warehouse.
      313-319 NW 67Th St, Oklahoma City, OK 73116
      View Details
    • $5 SF/Yr
      217,834 SF

      Broadway Business Park: Premier OKC Space

      Flexible industrial space, North OKC.
      210 Wilshire Blvd, Oklahoma City, OK 73116
      View Details
    • $12 SF/Yr
      9,997 SF

      Remodeled Office and Warehouse Space

      2,500 SF available with option for additional 2,500 SF.
      6810 N Broadway Ext, Oklahoma City, OK 73116
      View Details
    • $12 SF/Yr
      4,000 SF

      Broadway Extension Showroom & Warehouse

      Showroom and warehouse space with high visibility on Broadway Extension.
      6910 Broadway Ext, Oklahoma City, OK 73116
      View Details
    • $8 SF/Yr
      6,280 SF

      May Ave Warehouse/Showroom

      Oklahoma City Flex Space, 6,280 SF
      6601 May Ave, Oklahoma City, OK 73116
      View Details
    • Contact for pricing
      144,500 SF

      Oklahoma City Warehouse Space

      144,500 square foot warehouse space in Oklahoma City.
      616 W Wilshire Blvd, Oklahoma City, OK 73116
      View Details
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    Oklahoma City, OK 73116-7715
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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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