Back to Search
Property profile & analytics
FOR LEASE
Strip malls
775 West Covell Rd Edmond, OK 73003
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US69-0298165
For Lease
1 / 3
$1,990,000
775 West Covell Rd, Edmond, OK 73003
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
WOOD FRAME
Total area
13,551 SF
Lot
1.29 ac (56,062 SF)
APN
20-698-1000
UPID
US69-0298165
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
-
Salon At Coffee Creek Hair Salon Nail Salon
-
Coffee Creek Wine Shop Specialty Food Shop Wine and Liquor Store
-
Old School Bagel Café (Bike/Boat/Book/etc) Store Bakery
-
Elaine Hair Design Hair Salon Nail Salon
-
aRamona Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
Village At Coffee Creek LLC · 8 yrs held
Village At Coffee Creek LLC
since 2017
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 Edmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edmond 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%
$2,375,000
6.5%
$2,195,000
7%
$2,035,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,715,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±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
$147 / 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
$26,244
Tax year 2023
Assessed value
$251,766
Assessed 2023
Previous assessed
$251,766
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$61,658
Assessed improvement
$190,108
Land market value
$560,530
Improvement market value
$1,728,254
Total market value
$2,288,784
Applied tax rate
512.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2007
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
6
Total area
13,551 SF
Lot
1.29 ac (56,062 SF)
APN
20-698-1000
UPID
US69-0298165
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
RETAIL STORES
Est. value
$2.7M
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
2007
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
6
Lot
1.29 ac
Current owner
From public records · entity-resolved
Village At Coffee Creek LLC
Entity
Mailing address
PO BOX 5156, NORMAN, OK 73070-5156
Ownership since
2017
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
Oct 10, 2025
—
Village At Coffee Creek LLC
—
Deed
related
$3,955,698 · Regent Bank
Dec 11, 2017
$5,725,000
Village At Coffee Creek LLC
Bkdl Investments LLC
Trustees Deed
related
$4,580,000 · Rcb Bk
Nov 10, 2016
—
Bkdl Investments LLC
—
Deed
related
$4,260,000 · First Bk
May 4, 2015
—
Bkdl Investments LLC
Dst Properties LLC
Warranty Deed
—
Oct 17, 2008
$2,640,000
Dst Properties LLC
Trt Properties LLC
Warranty Deed
$1,198,500 · Spiritbank NA
Apr 24, 2007
$500,000
Trt Properties LLC
Turner Development Group LP
Partnership Deed
—
—
—
Trt Properties LLC
—
Deed Of Trust
related
$680,294 · Citizens Bank Edmond
—
—
Bkdl Investments LLC
—
Deed Of Trust
related
$598,500 · First United Bk
—
—
Bkdl Investments LLC
—
Deed Of Trust
related
$4,260,000 · First Bk
—
—
Dst Properties LLC
—
Deed Of Trust
related
$2,218,839 · Quail Creek Bank
—
—
Dst Properties LLC
—
Deed Of Trust
related
$3,120,000 · Spiritbank NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
