Praxis Development, Inc.
- Kory WarrChief Executive Officer · Company website
- Gail MooreExecutive Vice President · Company website
- Robert RossChief Financial Officer · Company website
- Reggie SmithDirector of Construction · Company website
How we got $6.7M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 97 years (since 1929)
- Founder still runs it after 97 years
From public records and the company's website, not a statement that it's for sale.
What they do
Praxis Development is a real estate development and investment firm specializing in retail, office and residential development. It is headquartered in Oklahoma City and owns property in Oklahoma and several other states.
From the company's website. Industry: Lessors of Miniwarehouses and Self-Storage Units.
Customers & suppliers
Customers
- Incredible Pizza · named on its website
- Slim Chickens · named on its website
- Andy's Frozen Custard · named on its website
- MidFirst Bank · named on its website
- Dollar General · named on its website
- Goodwill Store · named on its website
- Jimmy John's · named on its website
- Tokyo Express · named on its website
- Yukon School System · named on its website
Estimated value over time
▲ 29% 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 |
|---|---|---|
| PRAXIS DEVELOPMENT, INC. this business | $7.1M | — |
| ILLUSIVE COMPANY Oklahoma City · 2 employees | $666K | 0.2 mi |
| Amazon Locker - Annuncia Oklahoma City | $1.7M | 0.2 mi |
| BLH INVESTMENT PROPERTIES LLC Warr Acres · 1 employees | $590K | 0.3 mi |
| SIGNATURE PLACE LLC AND DSF HOLDINGS LLC, AS TENANTS-IN-COMM Oklahoma City · 4 employees | $2.8M | 0.4 mi |
| Amazon Locker - Nera Warr Acres | $1.7M | 0.7 mi |
| Extra Space Storage Oklahoma City | $1.7M | 0.9 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.2M |
| Estimate: the two combined (geometric mean) | $7.1M |
| EBITDA margin (industry, adjusted for size) | 26% |
| EBITDA = revenue × margin | $1.9M |
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 | $6.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.5M – $9.2M |
| Revenue range | $4.7M – $8.1M |
| EBITDA range | $1.2M – $2.1M |
| Industry (NAICS) | Lessors of Miniwarehouses and Self-Storage Units (531130) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
History & advisors
Advisors
- BankingMidFirst BankPPP / 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
| MidFirst Bank PPP 2020 | All 2,403 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 | $126K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Praxis Development, Inc.
Praxis Development, Inc. is a lessors of miniwarehouses and self-storage units company in Oklahoma City, Oklahoma, in business since 1929. It is owned by C.B. Warr (Founder). Its estimated annual revenue is about $7.1M, with roughly $1.9M of EBITDA. It has about 8 employees. Its estimated business value is $6.7M (likely range $3.5M–$9.2M).
Common questions
- Who owns Praxis Development, Inc.?
- Praxis Development, Inc. is owned by C.B. Warr (Founder), according to public sources such as the company's website or filings.
- How much revenue does Praxis Development, Inc. make?
- SeeBITDA estimates Praxis Development, Inc.'s annual revenue at about $7.1M (likely between $4.7M and $8.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Praxis Development, Inc. worth?
- About $6.7M, roughly 3.6× its estimated EBITDA of $1.9M, typical for a lessors of miniwarehouses and self-storage units company its size. Likely range: $3.5M–$9.2M.
- How many employees does Praxis Development, Inc. have?
- About 8, as reported on its PPP loan.
- When was Praxis Development, Inc. founded?
- Praxis Development, Inc. has been in business since 1929.
- Is Praxis Development, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 97 years (since 1929); founder still runs it after 97 years.