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    8000 Western Ave Oklahoma City, OK 73139-2504
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    Property profile & analytics

    8000 Western Ave Oklahoma City, OK 73139-2504

    View on Map
    • Auto shops
    • 3,000 SF
    • 0.79 lot acres
    Off-Market
    Last Sale Sep 21, 2022
    $700,000
    Property ID
    US69-2364389
    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.
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 240 PLAZA SHOPPING CENTER / Business Service Center / Corporate Office
    • Pastel Western Studio / Tattoo & Piercing Shop
    • BlackMint Collective / Art Studio
    • Precision Tune Auto Care / Auto Repair Shop
    • Gfellerstudio Photography / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 8000 Western Ave

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.79 lot acres
    Property size
    3,000 SF
    Property type
    Auto shops
    APN
    13-228-3110
    APU
    132283110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $685,000
      ML approach
      $695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $781,000
      Market price range: $211k - $781k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $445,000
      Current use
      MEDICAL BUILDING
      $470,000
      Change: +5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $425,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5295
    Latitude
    35.3873
    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
    $7,810
    $11,186
    $54,814
    $66,000
    -
    $101,697
    $498,303
    $600,000

    Comparable in this City

    • Value Estimation by Request
      4,050 SF

      614 I 240th Service Rd

      AUTO REPAIR, GARAGE • 4,050 SF
      614 I 240th Service Rd, Oklahoma City, OK 73139-4419
      View Details
    • Value Estimation
      $1,005,000
      11,500 SF

      625 I 240th Service Rd

      AUTO REPAIR, GARAGE • 11,500 SF
      625 I 240th Service Rd, Oklahoma City, OK 73139-4640
      View Details
    • Value Estimation by Request
      1,719 SF

      9116 Western Ave

      AUTO REPAIR, GARAGE • 1,719 SF
      9116 Western Ave, Oklahoma City, OK 73139-2725
      View Details
    • Value Estimation by Request
      3,760 SF

      735 89th St

      AUTO REPAIR, GARAGE • 3,760 SF
      735 89th St, Oklahoma City, OK 73139-9335
      View Details
    • Value Estimation
      $1,340,000
      22,388 SF

      7600 Walker Ave

      AUTO REPAIR, GARAGE • 22,388 SF
      7600 Walker Ave, Oklahoma City, OK 73139-7906
      View Details
    • Value Estimation by Request
      1,880 SF

      6704 Western Ave

      AUTO REPAIR, GARAGE • 1,880 SF
      6704 Western Ave, Oklahoma City, OK 73139-1807
      View Details

    Similar Nearby for Sale

    • $3,950,000

      I-240 Frontage Car Dealership

      Car dealership with showroom and maintenance shop on 4.95 acres.
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    • $3,950,000

      Automotive Sales and Service Property

      Versatile property designed for automotive sales and service in Oklahoma City.
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    • $600,000

      Retail Building on Walker Avenue

      5,000 SF retail building with flexible layout and parking.
      7380 S Walker Ave, Oklahoma City, OK 73139
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    • $600,000
      5,000 SF

      Retail Building on S Walker

      5,000 SF retail building with parking and frontage.
      7380-7382 S Walker Ave, Oklahoma City, OK 73139
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    • $399,000
      4,147 SF

      Retail Opportunity in Oklahoma City

      Former convenience store available for sale in Oklahoma City.
      13001 SE 104Th St, Oklahoma City, OK 73139
      View Details
    • $495,000
      1,538 SF

      Retail Property at High-Traffic Corner

      Retail property at the northeast corner of NW 63rd and Meridian.
      4435 NW 63Rd St, Oklahoma City, OK 73139
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,412 SF

      Retail Space Available For Lease

      Retail space available for lease in Oklahoma City, OK.
      7908 N Western Ave, Oklahoma City, OK 73139
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Plaza

      Retail space with high visibility and easy access.
      7705 S Walker Ave, Oklahoma City, OK 73139
      View Details
    • Contact for pricing

      Conveniently Located Shopping Center Space

      Located near I-240 and S. Western with high traffic.
      7800 S Western Ave, Oklahoma City, OK 73139
      View Details
    • Contact for pricing

      Summit Pointe Plaza Retail Space

      Retail spaces available in a growing Oklahoma City sub-market.
      9101 S Western Ave, Oklahoma City, OK 73139
      View Details
    • Contact for pricing

      New Retail Space Available

      Retail space for lease in South Oklahoma City.
      3000 SW 89Th St, Oklahoma City, OK 73139
      View Details
    • Contact for pricing
      2,840 SF

      Retail Space on S Western

      Retail space available along a busy corridor on S Western.
      7317-7435 S Western Ave, Oklahoma City, OK 73139
      View Details
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    Oklahoma City, OK 73139-2504
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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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