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    9622 23rd St Oklahoma City, OK 73141-4204
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    Property profile & analytics

    9622 23rd St, Oklahoma City, OK 73141-4204

    View on Map
    • Retail space
    • 3,360 SF
    • 4.78 lot acres
    Off-Market
    Last Sale Aug 28, 2023
    $265,000
    Property ID
    US69-0029553
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 9622 23rd St

    Year built
    1930
    Construction
    FRAME
    Lot size
    4.78 lot acres
    Property type
    Retail space
    APN
    15-430-7360
    APU
    154307360

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 28, 2023 $265,000 United Union Of Roofers Waterproofe Nam Properties INC Warranty Deed —
    Jan 4, 2021 — Nam Properties INC Jonathan Ohenhen Quit Claim Deed · related —
    Oct 13, 2016 — Jonathan Ohenhen — Trustees Deed · related $252k · Vision Bk
    Apr 8, 2016 $159,000 Jonathan Ohenhenn Uwudia,godfrey E & Dora O Warranty Deed —
    Nov 8, 2004 $170,000 Godfrey E Uwudia Nguyen,thao H N Grant Deed $85k · First Fidelity Bank NA
    Jul 7, 2003 — Thao H Nguyen Nguyen,tommy T Quit Claim Deed · related —
    Oct 25, 2000 $13,500 Tommy Nguyen Garrett,roy E Grant Deed $76k · Spencer State Bank
    Oct 25, 2000 $13,000 Nguyen,tommy & Thao Hamby,grace M & Edward Trustees Deed —
    — — Uwudia,godfrey E & Dora O — Loan Modification · related $142k · First Fidelity Bk
    — — Godfrey E Uwudia — Deed Of Trust · related $200k · First Fidelity Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.3589
    Latitude
    35.4912
    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
    $2,080
    $5,467
    $12,520
    $17,987
    -
    $49,706
    $113,818
    $163,524

    Comparable in this City

    • Value Estimation
      $575,000
      3,296 SF

      10901 23rd St

      RETAIL STORES (PERSONAL SERVICES)
      10901 23rd St, Oklahoma City, OK 73141-6029
      View Details
    • Value Estimation by Request
      7,000 SF

      8523 23rd St

      RETAIL STORES (PERSONAL SERVICES)
      8523 23rd St, Oklahoma City, OK 73141-2212
      View Details
    • Value Estimation by Request
      1,000 SF

      6401 Sooner Rd

      RETAIL STORES (PERSONAL SERVICES)
      6401 Sooner Rd, Oklahoma City, OK 73141
      View Details
    • Value Estimation
      $1,135,000
      7,957 SF

      9116 23rd St

      RETAIL STORES (PERSONAL SERVICES)
      9116 23rd St, Oklahoma City, OK 73141-3012
      View Details
    • Value Estimation
      $2,385,000
      14,723 SF

      8917 23rd St

      RETAIL STORES (PERSONAL SERVICES)
      8917 23rd St, Oklahoma City, OK 73141-2245
      View Details
    • Value Estimation by Request
      1,800 SF

      7905 23rd St

      RETAIL STORES (PERSONAL SERVICES)
      7905 23rd St, Oklahoma City, OK 73141-1430
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,270 SF

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      Well-known corner location suitable for auto sales or service.
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      Gas Station and Retail Property

      Gas station with retail space for sale in Spencer, OK.
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    • $695,000
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      Land with Highway Access

      Land with easy access to I-35 and I-40.
      1905-1919 North Douglas Blvd, Oklahoma City, OK 73141
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    • $140,000
      0.76 Acres

      Commercial Potential Corner Lot

      Corner lot with commercial potential, easy access, utilities available.
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    • Contact for pricing

      Adaptable Land Ready for Development

      3.31 acres of adaptable land on a hard corner.
      8400 NE 23Rd St, Oklahoma City, OK 73141
      View Details
    • $50,000
      0.64 Acres

      Residential Lot in Oklahoma City

      Residential lot with public utilities, potential for subdivision.
      2201 N Saint Luke Ave, Oklahoma City, OK 73141
      View Details
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    Oklahoma City, OK 73141-4204
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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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