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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Medical Office Space
9112 May Ave Oklahoma City, OK 73120-4417
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US69-0137838
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
WOOD FRAME
Total area
7,954 SF
Lot
0.27 ac (11,761 SF)
APN
12-669-1010
UPID
US69-0137838
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
-
Dr. Robin D. Henderson, DMD Dental Office
-
Oklahoma Center for Implants & Periodontics. Dr. Chris Poore & Dr. Frank Kajiwara Dental Office
-
Orthodontic Associates on May Dental Office
-
Dr. Chris A. Poore Dental Office
-
Dr. Frank Kajiwara Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.65M
Owner & transaction history
Cheshire Investments LLC · 2 yrs held
Cheshire Investments LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+82.8%
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
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
$1,845,000
6.5%
$1,700,000
7%
$1,580,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,240,000
Current use
RESTAURANT
$2,270,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,185,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,095,000
Change: -12% · Conversion: Easy
OFFICE BUILDING
$1,020,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Feb 27 2024)
Last sale anchor
$1.65M
Feb 27 2024
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
$207 / 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
$22,970
Tax year 2023
Assessed value
$187,018
Assessed 2023
Previous assessed
$187,018
+0.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$22,636
Assessed improvement
$164,382
Land market value
$205,783
Improvement market value
$1,494,385
Total market value
$1,700,168
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,954 SF
Lot
0.27 ac (11,761 SF)
APN
12-669-1010
UPID
US69-0137838
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
MEDICAL BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2009
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Cheshire Investments LLC
Entity
Mailing address
10914 HEFNER POINTE DR STE #300, OKLAHOMA CITY, OK 73120-5070
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2024
—
Cheshire Investments LLC
—
Deed
related
$830,000 · Nbc Oklahoma
Feb 27, 2024
$1,650,000
Cheshire Investments LLC
Oklahoma Ctr For Implants & Periodo
Warranty Deed
$1,600,000 · Nbc Oklahoma
Sep 5, 2019
$1,700,000
Oklahoma Ctr For Implants & Pe
Mer Services LLC
Warranty Deed
$1,704,250 · Bancfirst
Aug 28, 2008
—
Mer Services LLC
—
Trustees Deed
related
$995,890 · Bank Of Union
Nov 6, 2007
—
Mer Services LLC
Henderson,robin D & Melissa J
Warranty Deed
$278,806 · Bank Of Union
Dec 22, 2005
$395,000
Robin D Henderson
Tt & L LLC
Warranty Deed
$296,250 · Nbanc
—
—
Mer Services LLC
—
Deed Of Trust
related
$1,128,231 · Nbc Ok
—
—
Mer Services 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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