Church Facility with Office
For Sale
$2,600,000
11710 S Memorial Drive, Bixby, OK 74008
Commercial, Bixby, OK
Property Size9,870 SF
Lot Size2.48 Acres
Price / SF$263.42
Days on Market248
Property Features for 11710 S Memorial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RS1
Interior features
High Speed Internet, Mini-Kitchen, Smoke Detector, Vaulted Ceiling
Exterior features
Pole Sign, Sidewalk
Fencing
Chain Link
Subdivision
North Heights addn
Elementary school district
Bixby - Sch Dist (4)
Middle school district
Bixby - Sch Dist (4)
High school district
Bixby - Sch Dist (4)
Directions
111th and Memorial. Proceed south and turn right (west) at 117th.
Standard status
Active
APN
57875-83-35-00900
Size
9,870 SF
Lot size
2.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LTS 1 THRU 4 LESS E10 LT 1 & VAC 117 PL ADJ ON N THEREOF BLK 7
Legal Description
LTS 1 THRU 4 LESS E10 LT 1 & VAC 117 PL ADJ ON N THEREOF BLK 7
Amenities
Large Kitchen
storage shed
chain link fence
garden shed
Building Details
Year built
2007
Flooring type
Tile, Carpet
Building materials
Steel
Roof type
Metal
Listing Agency:
RE/MAX Results · RE/MAX International
(918) 254-0600
Listed By:
Dara Sullivan · License #172173
(918) 855-8217
Added: Jan 5
Changed: Sep 3
Last Checked: Sep 10 at 12:06PM
MLS# 2551032
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 9,870-square-foot church and religious facility was built in 2007 with steel construction, a full metal roof, and a layout that includes 15 office or classroom spaces. The property also features a large kitchen, storage shed, garden shed, chain-link fencing, tile and carpet flooring, vaulted ceilings, high-speed internet, a mini-kitchen, smoke detectors, a pole sign, and a sidewalk.
Set on 2.484 acres at 11710 S Memorial Drive, the property offers Memorial frontage, two entrances, and paved parking with room for 64 spaces. It is within a half mile of the retail corridor at 111th & Memorial and carries RS1 zoning. The existing configuration has been identified for possible conversion to a conference center, private school, or office-sharing facility.
Set on 2.484 acres at 11710 S Memorial Drive, the property offers Memorial frontage, two entrances, and paved parking with room for 64 spaces. It is within a half mile of the retail corridor at 111th & Memorial and carries RS1 zoning. The existing configuration has been identified for possible conversion to a conference center, private school, or office-sharing facility.
Key Highlights
- 9,870 square feet on 2.484 acres
- 15 office / classroom spaces plus a large kitchen
- Memorial frontage with 2 entrances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,669
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,433,380
$2.4M
Cap Rate 7%
$1,738,129
$1.7M
Cap Rate 9%
$1,351,878
$1.4M
Market Conditions
NOI Build-Up for 9,870 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$184.8K $18.72/SF
− Vacancy
−$22.5K −$2.28/SF
EGI
$162.2K $16.44/SF
− OpEx
−$40.6K −$4.11/SF
NOI
$121.7K $12.33/SF
Area
Tulsa County, OK
Vacancy
12.20%
Lease Rate
$18.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,433,380
Cap Rate 7%
$1,738,129
Cap Rate 9%
$1,351,878
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,669 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.95M – $2.60M
NOI $155,710 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 74008, OK
31,745
Population
12,447
Households
2.6
Avg Household Size
36
Median Age
44%
College-Educated
95%
High-School Grad
74.3 sq mi
ZIP Area
427
Density / Sq Mi
$95,476
Median Household Income
$48,691
Median Earnings
$1,302
Median Rent
$303,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Steel-built facility with a full metal roof, kitchen, paved parking, and flexible office or classroom areas.
Where is this church & religious facility located?
The property is located at 11710 S Memorial Drive Bixby, OK.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 9,870 square feet on 2.484 acres; 15 office / classroom spaces plus a large kitchen; Memorial frontage with 2 entrances
