Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    S Memorial Dr Bixby, OK 74008

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,254,230

    Commercial land parcels suitable for various developments in Bixby, OK.

    Lot size:
    1.75 Acres

    Property Features for S Memorial Dr

    General Information

    Lot size
    1.75 Acres

    We can help!

    Listing Contact
    Brad Rice
    Brad Rice
    Source: Moodyscre

    Listing Agent: Brad Rice

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Land Parcels on South Memorial

    Available for sale are two commercial land parcels, sized at 1.75+ acres and 1.28+ acres respectively, situated along the South Memorial corridor in Bixby, Oklahoma. The location is suitable for a restaurant, medical or office park, or retail strip center. The property is located at the entrance to the Links apartments and golf course, south of retail developments including Lowe’s, Reasors, Walmart, Starbucks, Lifetime Fitness and Costco. The area experiences high traffic counts and ongoing commercial and residential growth.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bixby
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8859658
    Latitude
    35.9689126

    Nearby Similar for Sale

    • $2,900,000
      9,870 SF

      Bixby Church on Memorial Drive

      9,870 SF church on 2.48 acres with Memorial frontage.
      11710 S Memorial Dr, Bixby, OK 74008
      View Details
    • $385,000
      1,353 SF

      Bixby Mixed-Use Property For Sale

      Mixed-use property in Bixby with office space and expansion potential.
      8560 E 131St St S, Bixby, OK 74008
      View Details
    • $150,000
      Pending

      Automotive Service Property in Bixby

      Automotive commercial property in a rapidly growing Bixby area.
      14724 S Grant St, Bixby, OK 74008
      View Details
    • $1,399,000
      6,039 SF

      Modern Office Building in Bixby

      Newly constructed office building in a prime Bixby location.
      7631 E 126Th St, Bixby, OK 74008
      View Details
    • $350,000
      1,353 SF

      Bixby Office Space For Sale

      Office space with expansion potential in a great location.
      8560 E 131St St S, Bixby, OK 74008
      View Details
    • $1,123,848
      1.72 Acres

      Bixby Commercial Land - 1.72 Acres

      Prime Bixby location, 1.72 acres, $1,123,848
      131st & Mingo A 1.72 Ac, Bixby, OK 74008
      View Details
    • $1,399,000
      6,039 SF

      Bixby Creative Office - For Sale

      Modern Bixby Office, 6,039 SF, Owner-User
      7631 126Th St, Bixby, OK 74008
      View Details
    • $766,873
      5.03 Acres

      Bixby Industrial Land - 5 Acres

      Prime Bixby location, 5 acres, $766,873.80
      151 151St St, Bixby, OK 74008
      View Details
    • $1,859,000
      37.18 Acres

      Bixby Land: ±37 Acres, $1.8M

      Prime Bixby development land, excellent location.
      151st & Sandusky A, Bixby, OK 74008
      View Details
    • $2,032,500
      27.10 Acres

      Bixby Land: 27 Acres for Sale

      Prime Bixby land, excellent investment opportunity.
      151st & Sandusky C, Bixby, OK 74008
      View Details
    • $535,788
      2.46 Acres

      Bixby Industrial Land - Prime Location

      ±2.46 Acres, Excellent Investment Opportunity
      151st & Sandusky D, Bixby, OK 74008
      View Details
    • $611,582
      1.17 Acres

      Bixby Land: Prime Commercial Lot

      1.17 Acres, Excellent Location, $611,582
      131st & Mingo B, Bixby, OK 74008
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land parcels suitable for various developments in Bixby, OK.
    Where is this commercial land located?
    The property is located at S Memorial Dr Bixby, OK.
    What is the asking price?
    The asking price for this property is $2,254,230.
    What are key features of this property?
    This property features: - Excellent location on the South Memorial corridor in Bixby, OK.; - High traffic counts in a growing commercial and residential area.; - Suitable for restaurant, medical/office park, or retail strip center.
    (918) 269-8586
    Request Owner's contact information
    S Memorial Dr Bixby, OK 74008
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    S Memorial Dr
    Bixby, OK 74008
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    S Memorial Dr Bixby, OK 74008
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brad Rice
    Brad Rice
    (918) 269-8586
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.