Dowell Properties, Inc.
How we got $6.2M
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 38 years (since 1988)
- Founder still runs it after 38 years
- Family in the business (Fred Dowell, Manager of the Norman portfolio)
From public records and the company's website, not a statement that it's for sale.
What they do
Dowell Properties, Inc. is a property business that lists current availability at 1700 N Classen, North Tower, in Norman, OK. The page gives few other details.
From the company's website. Industry: Lessors of Residential Buildings and Dwellings.
Estimated value over time
▲ 39% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DOWELL PROPERTIES, INC. this business | $7.5M | — |
| ACEITERO INVESTMENTS LLC Norman · 2 employees | $1.4M | 0.5 mi |
| MUSICAL HORSE LLC Norman · 2 employees | $1.2M | 0.6 mi |
| ASSET INVESTMENT & EXCHANGE, LLC Norman · 1 employees | $583K | 0.6 mi |
| DREAMMAKER, LLC Norman · 2 employees | $1.2M | 0.7 mi |
| EQUITY REALTY, INC Norman · 2 employees | $1.2M | 0.7 mi |
| RIEGER LLC Norman · 3 employees | $2.1M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.3M |
| Estimate: the two combined (geometric mean) | $7.5M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $1.7M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $6.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.3M – $8.5M |
| Revenue range | $4.9M – $8.5M |
| EBITDA range | $1.1M – $2.0M |
| Industry (NAICS) | Lessors of Residential Buildings and Dwellings (531110) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Leadership
- KSKimberly SteedChief Financial Officer · Company website · source
- FDFred DowellManager of the Norman portfolio · Company website · source
- PPPaul PendleyMidtown Plaza manager · Company website · source
- EDEd DuclosProject manager · Company website · source
Advisors
- BankingBOKF, National AssociationPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/12/2020 | first | $142K | 12 |
2 locations
| 1932 W. Lindsey Suite A | Norman | This listing |
| 2000 N Classen Blvd | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Dowell Properties, Inc.
Dowell Properties, Inc. is a lessors of residential buildings and dwellings company in Norman, Oklahoma, in business since 1988. It is owned by Rick Dowell (President). Its estimated annual revenue is about $7.5M, with roughly $1.7M of EBITDA. It has about 12 employees. Its estimated business value is $6.2M (likely range $3.3M–$8.5M). It has 2 locations.
Common questions
- Who owns Dowell Properties, Inc.?
- Dowell Properties, Inc. is owned by Rick Dowell (President), according to public sources such as the company's website or filings.
- How much revenue does Dowell Properties, Inc. make?
- SeeBITDA estimates Dowell Properties, Inc.'s annual revenue at about $7.5M (likely between $4.9M and $8.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Dowell Properties, Inc. worth?
- About $6.2M, roughly 3.6× its estimated EBITDA of $1.7M, typical for a lessors of residential buildings and dwellings company its size. Likely range: $3.3M–$8.5M.
- How many employees does Dowell Properties, Inc. have?
- About 12, as reported on its PPP loan.
- When was Dowell Properties, Inc. founded?
- Dowell Properties, Inc. has been in business since 1988.