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    912 44th St Oklahoma City, OK 73129-5404
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    912 44th St Oklahoma City, OK 73129-5404

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    • Grocery and convenience stores
    • 19,750 SF
    • 1.48 lot acres
    Off-Market
    Last Sale Jan 11, 2022
    $5,150,000
    Property ID
    US69-0231029
    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
    $5,095,000
    Show details
    Cap Rate Potential
    7.7%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Carnival Banquet Hall / Wedding Service
    • C Store / Warehouse & Storage
    • Vapor Zone / Warehouse & Storage

    Property Details for 912 44th St

    Year built
    1969
    Construction
    BRICK
    Lot size
    1.48 lot acres
    Property size
    19,750 SF
    Property type
    Grocery and convenience stores
    APN
    08-622-0800
    APU
    86220800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,035,000
      ML approach
      $5,045,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,500,000
      6.5%
      $6,000,000
      7%
      $5,570,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,851,000
      Market price range: $1.26M - $3.85M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,635,000
      MEDICAL BUILDING
      $3,085,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4953
    Latitude
    35.4203
    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
    $33,419
    $21,285
    $261,140
    $282,425
    -
    $193,500
    $2,374,000
    $2,567,500

    Comparable in this City

    • Value Estimation by Request
      3,500 SF

      1821 Central Ave

      GROCERY, SUPERMARKET • 3,500 SF
      1821 Central Ave, Oklahoma City, OK 73129-1471
      View Details
    • Value Estimation
      $1,995,000
      18,339 SF

      4701 Shields Blvd

      GROCERY, SUPERMARKET • 18,339 SF
      4701 Shields Blvd, Oklahoma City, OK 73129-3209
      View Details
    • Value Estimation by Request
      3,196 SF

      1925 29th St

      GROCERY, SUPERMARKET • 3,196 SF
      1925 29th St, Oklahoma City, OK 73129-7625
      View Details
    • Value Estimation
      $1,985,000
      50,000 SF

      1 59th St

      GROCERY, SUPERMARKET • 50,000 SF
      1 59th St, Oklahoma City, OK 73129-3613
      View Details
    • Value Estimation by Request
      1,872 SF

      2001 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,872 SF
      2001 Central Ave, Oklahoma City, OK 73129-1445
      View Details
    • Value Estimation by Request
      4,500 SF

      2517 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      2517 Central Ave, Oklahoma City, OK 73129-1835
      View Details

    Similar Nearby for Sale

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      Retail Space Near Future Development

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    • $1,500,000
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      2,460 SF on 0.57 Retail Building For Sale - 142 S.E. 44th Street

      2,460 SF on 0.57 Retail Building For Sale - 142 S.E. 44th Street
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    • Contact for pricing
      15,000 SF

      Iconic Brick Building in Capitol

      Two-story brick building ready for transformation in Capitol Hill.
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    • $650,000
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      Adaptable Commercial Property in OKC

      Versatile property suitable for retail, office, industrial, or storage.
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      Turnkey Bar & Kitchen Available

      Bar and kitchen with patio in the Boathouse District.
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      560 SF

      High-Visibility Commercial Lot For Sale

      1.07-acre lot with office, suitable for various commercial uses.
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    Similar Nearby for Lease

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      3,240 SF

      Retail Space Near Midwest City

      Retail space available near Midwest City High School.
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      1,406 SF

      Former Sonic Drive-In For Rent

      Redevelopment opportunity in high-traffic corridor south of downtown.
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      View Details
    • Contact for pricing
      2,000 SF

      Retail Space with Highway Access

      Well-maintained retail space with excellent visibility and ample parking.
      1317 SE 44Th St, Oklahoma City, OK 73129
      View Details
    • Contact for pricing
      5,470 SF

      Capitol Hill Restaurant Space

      Restaurant space in prime Capitol Hill location with strong foot traffic.
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    • $8 SF/Yr
      14,000 SF

      Industrial Warehouse with Mezzanine

      14,000 SF warehouse space with 2,000 SF mezzanine.
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      View Details
    • $28 SF/Yr
      128,999 SF

      Oklahoma City Commercial Land ForRent

      Commercial land available for build to suit in Oklahoma City.
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      View Details
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    Oklahoma City, OK 73129-5404
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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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