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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
Drumright, OK 74030
Entity Owned
6-yr Hold
Free & Clear
Property ID
US69-1005913
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Construction
CONCRETE BLOCKS
Total area
5,260 SF
Lot
0.76 ac (33,106 SF)
APN
9999-04-017-007-0-017-00
UPID
US69-1005913
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
$470k
Comparable Approach
Comparable
$489k
Blend (final)
Blend
$515k
Owner & transaction history
Oconnell Properties LLC · 6 yrs held
Oconnell Properties LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$630,000
+97.0%
Retail stores
$445,000
+39.0%
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 Drumright submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Drumright 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%
$510,000
6.5%
$470,000
7%
$440,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$320,000
Current use
AUTO REPAIR, GARAGE
$630,000
Change: +97% · Conversion: Easy
RETAIL STORES
$445,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$98 / 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
$1,607
Tax year 2023
Assessed value
$14,752
Assessed 2023
Previous assessed
$14,049
+5.0% YoY
Effective rate
10.89%
On assessed value
Assessed land
$2,338
Assessed improvement
$12,414
Land market value
$19,483
Improvement market value
$159,514
Total market value
$178,997
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
WAREHOUSE, STORAGE
Status
Off-Market
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
AC.FAN COOLING
Stories
1
Bathrooms
1
Total area
5,260 SF
Lot
0.76 ac (33,106 SF)
APN
9999-04-017-007-0-017-00
UPID
US69-1005913
Jurisdiction
CREEK
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
$320,000
AUTO REPAIR, GARAGE
Est. value
$630,000
RETAIL STORES
Est. value
$445,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Oconnell Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
317 KEYPOINT DR, SAND SPRINGS, OK 74063-7163
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2019
$115,000
Oconnell Properties LLC
Fitzgeralod C & Fitzge Trust
Warranty Deed
—
Jul 16, 2009
—
Clifford Fitzgerald
Fitzgerald,clifford & Juanite
Quit Claim Deed
related
—
—
—
Clifford L Fitzgerald
—
Deed Of Trust
related
$266,000 · Bank Of America
—
—
Clifford Fitzgerald
—
Deed Of Trust
related
$150,000 · American Heritage Bank
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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