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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Commercial real estate
8028 May Ave, Oklahoma City, OK 73120-4502
Entity Owned
6-yr Hold
Free & Clear
Property ID
US69-0233784
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,113 SF
Lot
0.63 ac (27,443 SF)
APN
08-734-2560
UPID
US69-0233784
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
-
Sherrie Jefflo - State Farm Insurance Agent Insurance Agency
-
Bacon Mark R Employment Agency
-
Tyler Thomas, SIMON SIMON REAL ESTATE Real Estate Agency
-
Sunwest Resources Llc Gas Station
-
AirField Systems Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.61M
Owner & transaction history
J W Mashburn Dev INC · 6 yrs held
J W Mashburn Dev INC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+13.2%
Auto repair, garage
$2.0M
+7.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,810,000
Current use
MEDICAL BUILDING
$2,045,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,950,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$1,685,000
Change: -7% · Conversion: Easy
RETAIL STORES
$1,620,000
Change: -11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,485,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±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
$122 / 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
$17,818
Tax year 2023
Assessed value
$145,076
Assessed 2023
Previous assessed
$145,076
+0.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$21,130
Assessed improvement
$123,946
Land market value
$192,094
Improvement market value
$1,126,779
Total market value
$1,318,873
Applied tax rate
200.0000
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
6
Total area
13,113 SF
Lot
0.63 ac (27,443 SF)
APN
08-734-2560
UPID
US69-0233784
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
$1.8M
MEDICAL BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
6
Lot
0.63 ac
Current owner
From public records · entity-resolved
J W Mashburn Dev INC
Entity
Free & Clear · 6 yrs held
Mailing address
8028 N MAY AVE STE #202, OKLAHOMA CITY, OK 73120-4503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2020
—
J W Mashburn Dev INC
Roc 150 LLC
Correction Deed
related
—
Dec 15, 2017
—
8028 North May LLC
—
Deed
related
—
Aug 10, 2017
—
8028 North May LLC
—
Trustees Deed
related
$600,000 · Bancfirst
Sep 21, 2016
—
8028 North May LLC
—
Deed
related
$800,000 · Bancfirst
Jun 17, 2008
$1,000,000
8028 North May LLC
Saad Ents LLC
Grant Deed
$1,000,000 · Bancfirst
Jun 17, 2008
$200,000
Point Mckown
Saad Ents LLC
Grant Deed
$900,000 · Bank Of Oklahoma
Apr 2, 2001
$400,000
May Avenue Shops LLC
Goodwin Trust
Grant Deed
$400,000 · National Bank Commerce Tr & Sa
—
—
8028 North May LLC
—
Loan Modification
related
$800,000 · Bancfirst
—
—
8028 North May 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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