Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    724 W El Paso St Broken Arrow, OK 74012

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $395,000

    Updated duplex near Rose District, fully occupied, excellent investment opportunity.

    Property size:
    2,580 SF
    Lot size:
    0.22 Acres

    Property Features for 724 W El Paso St

    General Information

    Size
    2,580 SF
    Lot size
    0.22 Acres

    Building Details

    Year built
    1998

    We can help!

    Listing Contact
    Tracey Payne
    Source: Kw

    Listing Agent: Tracey Payne

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

    Learn more

    Property Insight Report

    Overview

    Turnkey Duplex Investment Property

    This turnkey duplex investment property is located approximately half a mile from the Rose District and 20 minutes from Downtown Tulsa. Both units are currently occupied. Unit 724 was updated in 2025 with new flooring, painted cabinets and walls, updated faucets, new countertops, toilet valves, and new appliances including a stove, dishwasher, and microwave. The exterior was freshly painted in December 2024. Unit 726 was updated in 2021 with new flooring, freshly painted cabinets and walls, new light fixtures, countertops, faucets, sinks, toilets, blinds, and vertical blinds. One unit features 3 bedrooms and 2 bathrooms, while the other offers 2 bedrooms and 2 bathrooms. Each unit includes a 2-car garage. The property size is 2580 square feet. This property can be sold with MLS # 2537054, 2537059, 2537061.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Wagoner
    State
    Oklahoma
    Longitude
    -95.7991812
    Latitude
    36.0499535

    Nearby Similar for Sale

    • $925,000
      2,400 SF

      Live-Work Property on 2.5 Acres

      Live and work or build commercial business on 2.5 acres.
      13008 S 193Rd East Ave, Broken Arrow, OK 74014
      View Details
    • $3,425,000
      Pending

      Leased Office/Warehouse Investment Opportunity

      Fully leased office/warehouse with fenced yard space available.
      11200 S 225Th East Ave, Broken Arrow, OK 74014
      View Details
    • $3,325,000
      25,070 SF

      Modern Office Warehouse in Broken Arrow

      25,070 SF office/warehouse built in 2021, Broken Arrow.
      11160 S 225Th East Ave, Broken Arrow, OK 74014
      View Details
    • $1,350,000
      4,500 SF

      Well-Located Office Building For Sale

      Well-maintained office building in Broken Arrow's professional district.
      1015 W Ithica St, Broken Arrow, OK 74012
      View Details
    • $450,000
      Pending

      Renovated Professional Office Building

      Modern, renovated office building near Broken Arrow's vibrant Rose District.
      421 W Washington St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      2,802 SF

      Broken Arrow Office Space Available

      2800 SF office space for lease in Broken Arrow.
      3103 S Juniper Ave, Broken Arrow, OK 74012
      View Details
    • $8,300,000
      Pending

      Insulated Industrial Building For Sale

      62,800 SF industrial building with flexible unit configurations for sale.
      22390 E 111Th St, Broken Arrow, OK 74014
      View Details
    • New
      $255,000
      1,330 SF

      Updated Patio Home in Broken Arrow

      Comfortable, updated 2-bedroom patio home in a desirable Broken Arrow neighborhood.
      4518 W Fort Worth St, Broken Arrow, OK 74012
      View Details
    • New
      Contact for pricing
      4,720 SF

      Broken Arrow Office/Warehouse Facility

      Office/warehouse facility with excellent access to expressways in Broken Arrow.
      2005 N Willow Ave, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      10,000 SF

      New Industrial Facility in Broken Arrow

      Newly constructed 10,000 SF industrial facility with modern design.
      19901 Hwy 51 Hwy, Broken Arrow, OK 74014
      View Details
    • Contact for pricing
      7,500 SF

      Broken Arrow Industrial Warehouse Space

      Industrial warehouse with overhead doors and open layout in Broken Arrow.
      19901 E Hwy 51 Hwy, Broken Arrow, OK 74014
      View Details
    • $350,000

      Established Dessert Bar Franchise Opportunity

      Thriving Sugar Llamas franchise for sale in Broken Arrow, Oklahoma.
      901 E Kenosha St, Broken Arrow, OK 74012
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated duplex near Rose District, fully occupied, excellent investment opportunity.
    Where is this duplex located?
    The property is located at 724 W El Paso St Broken Arrow, OK.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Turnkey duplex investment with tenants in place.; - Prime location: Half a mile from the Rose District and 20 minutes to Downtown Tulsa.; - Unit 724 updated in 2025 with new flooring, painted cabinets/walls, updated faucets, new countertops/toilet valves, and new appliances.
    Request Owner's contact information
    724 W El Paso St Broken Arrow, OK 74012
    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.
    724 W El Paso St
    Broken Arrow, OK 74012
    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
    724 W El Paso St Broken Arrow, OK 74012
    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
    Tracey Payne
    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.