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Property profile & analytics
OFF-MARKET
Estimated value
$4,390,000
Warehouses
8575 15th St, Midwest City, OK 73110-8149
Individually Owned
2-yr Hold
Free & Clear
Property ID
US69-2370530
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1976
Construction
STEEL FRAME
Total area
71,439 SF
Lot
4.26 ac (185,478 SF)
APN
15-018-1145
UPID
US69-2370530
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$4.39M
Owner & transaction history
Don B Johnson · 2 yrs held
Don B Johnson
since 2024
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 Midwest City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midwest 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
WAREHOUSE, STORAGE
$4,925,000
Current use
Blend value · Realmo final
$4.39M
Range $3.95M – $4.83M · ±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
$61 / 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
$34,152
Tax year 2023
Assessed value
$290,139
Assessed 2023
Previous assessed
$290,139
+0.0% YoY
Effective rate
11.77%
On assessed value
Assessed land
$10,880
Assessed improvement
$279,259
Land market value
$159,515
Improvement market value
$4,094,127
Total market value
$4,253,642
Applied tax rate
552.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
462
Total area
71,439 SF
Lot
4.26 ac (185,478 SF)
APN
15-018-1145
UPID
US69-2370530
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
WAREHOUSE, STORAGE Current
Est. value
$4.9M
WAREHOUSE, STORAGE Current
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
1976
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
462
Lot
4.26 ac
Current owner
From public records · entity-resolved
Don B Johnson
Individual
Free & Clear · 2 yrs held
Mailing address
1 NE 7TH ST, OKLAHOMA CITY, OK 73104-1805
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
—
Jdj Properties LLC
—
Deed
related
$2,270,000 · Bancfirst
Jun 5, 2024
—
Don B Johnson
Jdj Properties LLC
Warranty Deed
—
Mar 13, 2019
—
Jdj Properties LLC
—
Deed
related
$250,000 · Bancfirst
Jan 2, 2019
—
Jdj Properties LLC
—
Deed
related
$250,000 · Bancfirst
Jan 5, 2017
—
Jdj Properties LLC
—
Deed
related
$250,000 · Bancfirst
Jan 4, 2017
—
Jdj Properties LLC
—
Deed
related
$2,000,000 · Bancfirst
Dec 14, 2005
—
Storage
—
Trustees Deed
related
$75,000 · Bancfirst
—
—
Jdj Properties LLC
—
Loan Modification
related
$250,000 · Bancfirst
—
—
Jdj Properties LLC
—
Loan Modification
related
$250,000 · Bancfirst
—
—
Jdj Properties LLC
—
Deed Of Trust
related
$250,000 · Bancfirst
—
—
Storage
—
Deed Of Trust
related
$250,000 · Bancfirst
—
—
Jdj Properties LLC
—
Deed Of Trust
related
$900,000 · Bancfirst
—
—
Jdj Properties LLC
—
Loan Modification
related
$250,000 · Bancfirst
—
—
Jdj Properties LLC
—
Deed Of Trust
related
$2,000,000 · Bancfirst
—
—
Jdj Properties LLC
—
Loan Modification
related
$250,000 · Bancfirst
—
—
Jdj Properties LLC
—
Deed Of Trust
related
$250,000 · Bancfirst
—
—
Jdj Properties LLC
—
Deed Of Trust
related
—
—
—
Jdj Properties LLC
—
Deed Of Trust
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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