Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8106 May Ave Oklahoma City, OK 73120-4520
    Property profile & analytics

    8106 May Ave Oklahoma City, OK 73120-4520

    View on Map
    • Medical Office Space
    • 3,476 SF
    • 0.94 lot acres
    Off-Market
    Property ID
    US69-1405280
    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
    $720,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Anureet K. Bajaj, MD / Physician / Medical Clinic
    • Bajaj Plastic Surgery / Medical Clinic
    • Dr. Stephen C. Gauthier, MD / Physician / Medical Clinic
    • Bombshell Brows & Permanent Cosmetics-Microblading / Medical Clinic / Skin Care Clinic
    • Anureet Bajaj, MD / Physician / Medical Clinic

    Property Details for 8106 May Ave

    Year built
    2013
    Construction
    WOOD FRAME
    Lot size
    0.94 lot acres
    Property size
    3,476 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    21-230-1000
    APU
    212301000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $805,000
      6.5%
      $745,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $879,000
      Market price range: $292k - $879k
      AI Estimate
      $531,000
      Market price range: $188k - $531k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $545,000
      Current use
      AUTO REPAIR, GARAGE
      $515,000
      Change: -5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $480,000
      Change: -12% Conversion: Easy
      OFFICE BUILDING
      $445,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5663
    Latitude
    35.554
    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
    $13,101
    $53,999
    $52,669
    $106,668
    -
    $490,908
    $478,810
    $969,718

    Comparable in this City

    • Value Estimation by Request
      526 SF

      4205 Mcauley Blvd

      MEDICAL BUILDING • 526 SF
      4205 Mcauley Blvd, Oklahoma City, OK 73120-9391
      View Details
    • Value Estimation by Request
      466 SF

      4205 Mcauley Blvd

      MEDICAL BUILDING • 466 SF
      4205 Mcauley Blvd, Oklahoma City, OK 73120-9391
      View Details
    • Value Estimation by Request
      510 SF

      4205 Mcauley Blvd

      MEDICAL BUILDING • 510 SF
      4205 Mcauley Blvd, Oklahoma City, OK 73120-9391
      View Details
    • Value Estimation by Request
      526 SF

      4205 Mcauley Blvd

      MEDICAL BUILDING • 526 SF
      4205 Mcauley Blvd, Oklahoma City, OK 73120-9391
      View Details
    • Value Estimation by Request
      576 SF

      4205 Mcauley Blvd

      MEDICAL BUILDING • 576 SF
      4205 Mcauley Blvd, Oklahoma City, OK 73120-9391
      View Details
    • Value Estimation by Request
      1,674 SF

      13509 Meridian Ave

      MEDICAL BUILDING • 1,674 SF
      13509 Meridian Ave, Oklahoma City, OK 73120-8397
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      68,480 SF

      Oklahoma City Commercial Property Opportunity

      118-unit commercial property ideal for senior living redevelopment.
      13501 Memorial Park Dr, Oklahoma City, OK 73120
      View Details
    • Contact for pricing
      3,024 SF

      Oklahoma City Commercial Spaces Available

      Professional spaces for lease in The Village neighborhood.
      2812 W Hefner Rd, Oklahoma City, OK 73120
      View Details
    • $800,000
      2,491 SF

      Oklahoma City Salon - $800k

      High-end salon; prime location; high NOI.
      3424 NW 135th St, Oklahoma City, OK 73120
      View Details
    • Contact for pricing
      4,600 SF

      Oklahoma City Office Building For Sale

      Well-maintained 4,600 SF office building in Heritage Park.
      2017 Heritage Park Dr, Oklahoma City, OK 73120
      View Details
    • $444,000

      Attractive Office Building in Village

      Office building in a commercial area, ideal for various users.
      9251 N Pennsylvania Pl, Oklahoma City, OK 73120
      View Details
    • Contact for pricing
      3,000 SF

      Custom Office Space Available

      Customizable office spaces in North Oklahoma City.
      11008 Quail Creek Rd, Oklahoma City, OK 73120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Medical Office Space Available

      Medical office suite with exam rooms for rent.
      3414 NW 135Th St, Oklahoma City, OK 73120
      View Details
    • $25 SF/Yr
      6,844 SF

      3000 West Memorial Road, Oklahoma City, OK, 73120

      Office Units • 6,844 SF
      3000 West Memorial Rd, Oklahoma City, OK 73120
      View Details
    • Contact for pricing

      Freestanding Building on Hefner Road

      4,953 SF building on 0.66 AC with O-2 zoning.
      1532 West Hefner Rd, Oklahoma City, OK 73120
      View Details
    • Contact for pricing

      Executive Office & Co-working Space

      Executive office and co-working spaces available for lease in NW OKC.
      11217 N May Ave, Oklahoma City, OK 73120
      View Details
    • Contact for pricing

      Oklahoma City Commercial Space

      Commercial space available for lease in Oklahoma City.
      10400 Vineyard Blvd, Oklahoma City, OK 73120
      View Details
    • $16 SF/Yr
      8,218 SF

      Stratford Office Park Space Available

      Office space for lease in a well-maintained park.
      11100 N Stratford Dr, Oklahoma City, OK 73120
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8106 May Ave
    Oklahoma City, OK 73120-4520
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8106 May Ave, Oklahoma City, OK, 73120
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!