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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Retail space
981 Santa Fe Ave Edmond, OK 73003-4337
Entity Owned
3-yr Hold
Free & Clear
Property ID
US69-0756197
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
WOOD FRAME
Total area
2,552 SF
Lot
0.69 ac (30,144 SF)
APN
14-364-1150
UPID
US69-0756197
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
-
Smile Lounge of Edmond - Dr Mehreen Khan Dental Office
-
Heartland Roofing Co. Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
$823k
Blend (final)
Blend
$655k
Owner & transaction history
National Pines Properties LLC · 3 yrs held
National Pines Properties LLC
since 2023
Last sale
$635,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$625,000
+22.3%
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 Edmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edmond 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
$700,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$385,000
Alternative Use
Use
Estimation
RETAIL STORES
$510,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$485,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$420,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $635k (Mar 28 2023)
Last sale anchor
$635k
Mar 28 2023
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
$257 / 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
$7,213
Tax year 2023
Assessed value
$69,193
Assessed 2023
Previous assessed
$65,899
+5.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$30,175
Assessed improvement
$39,018
Land market value
$301,490
Improvement market value
$389,852
Total market value
$691,342
Applied tax rate
512.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,552 SF
Lot
0.69 ac (30,144 SF)
APN
14-364-1150
UPID
US69-0756197
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
RETAIL STORES Current
Est. value
$510,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
MEDICAL BUILDING
Est. value
$485,000
COMMERCIAL (GENERAL)
Est. value
$420,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1997
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
National Pines Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
981 N SANTA FE AVE, EDMOND, OK 73003-4337
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
$635,000
National Pines Properties LLC
Bcri N Santa Fe LLC
Warranty Deed
—
Nov 30, 2021
$600,000
Bcri N Santa Fe LLC
Gclcch LLC
Warranty Deed
$510,000 · Bancfirst
Jan 15, 2020
—
Chris Cox
—
Deed
related
$314,063 · Prime Bk
Dec 30, 2019
$599,000
Gclcch LLC
Rader Building Co INC
Warranty Deed
$477,500 · Sooner St Bk
Jul 27, 2018
$421,500
Rader Building Co INC
Water N Woods Land Dev INC
Warranty Deed
$360,000 · Bancfirst
Jul 27, 2018
—
Water-n-woods Land Dev INC
Lesaon Family Trust
Quit Claim Deed
related
—
Jul 17, 2018
$377,500
Chris Cox
Water N Woods Land Development INC
Warranty Deed
$314,063 · Prime Bank
Jul 17, 2018
—
Water-n-wood Land Dev INC
Water-n-woods Land Dev INC
Quit Claim Deed
related
—
May 22, 2007
—
Water N Woods Land Dev INC
Leason,edward E & Virginia
Quit Claim Deed
related
—
—
—
Chris Cox
—
Loan Modification
related
$314,063 · Prime Bk
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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