Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    33 Elm Pl Broken Arrow, OK 74012

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.34-acre lot, SH3+ zoning, $495,000

    Property Features for 33 Elm Pl

    General Information

    Property type
    Land
    Lot Size
    14,810 SF

    We can help!

    Listing Contact
    Nick Lombardi
    Nick Lombardi

    Listing Agency: Frisbie Lombardi Listing Agent: Nick Lombardi

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.34-acre commercial land parcel presents a unique investment opportunity in the thriving Broken Arrow, Oklahoma market. Located at 33 S Elm Pl, 74012, this property boasts a highly desirable SH3+ zoning designation, further enhanced by its inclusion in the New Orleans Square Zoning Overlay. The strategic location places it just north of the northwest corner of Elm (161st East Ave) and New Orleans (101st Street South), providing excellent visibility and accessibility. The site benefits from shared parking and mutual access within the established Vandever Acres Shopping Center, ensuring convenient access for both customers and employees. Priced competitively at $495,000, or $33.57 per square foot, this land offers significant potential for a variety of commercial developments. The property is situated in Tulsa County and offers a prime location for businesses seeking high visibility and convenient access within a bustling commercial area. This is an exceptional opportunity to acquire a well-positioned commercial lot in a rapidly growing market. Don't miss out on this chance to secure a valuable asset in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.7972219
    Latitude
    36.0522289

    Nearby Similar for Sale

    • $255,000
      1,330 SF

      Updated Patio Home in Broken Arrow

      Comfortable, updated 2-bedroom patio home with modern amenities.
      4518 W Fort Worth St, Broken Arrow, OK 74012
      View Details
    • $3,200,000
      14,500 SF

      Broken Arrow Office Building Investment

      Fully leased office building for sale in Broken Arrow.
      1225-1245 N Birch Ave, Broken Arrow, OK 74012
      View Details
    • $3,425,000
      23,000 SF

      Leased Office/Warehouse Investment Opportunity

      Fully leased office/warehouse with fenced yard and long-term NNN lease.
      11200 S 225 Ave, Broken Arrow, OK
      View Details
    • Contact for pricing
      5,990 SF

      New Restaurant Property in Broken Arrow

      New 5,990 SF restaurant property in Broken Arrow, Oklahoma.
      501 W Albany St N, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      2,000 SF

      Broken Arrow Bank Branch For Sale

      Recently built bank branch in Broken Arrow, Oklahoma.
      2303 N Elm Pl, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      6,530 SF

      Freestanding Restaurant with Ample Parking

      Freestanding restaurant with 72 parking spots available for sale.
      2000 W Reno St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      10,520 SF

      Office or Medical Use Building

      Versatile building suitable for office or medical use.
      4404-4416 W Houston St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Retail Space Near Aspen Creek

      New retail construction near Reasor's and Aspen Creek shops.
      5205 S Aspen Ave, Broken Arrow, OK 74011
      View Details
    • Contact for pricing
      18,900 SF

      Broken Arrow Retail Investment Opportunity

      NNN lease with corporate guaranty and rent increases.
      4777 E Kenosha St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      11,040 SF

      Fully Leased Office Space

      Office space for sale, conveniently located and fully leased.
      2017-2021 S Elm Pl, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      16,500 SF

      Broken Arrow Warehouse Space

      16,500 SF warehouse space in Broken Arrow, Oklahoma.
      10912 S 265Th East Ave, Broken Arrow, OK 74014
      View Details
    • $2,900,000
      15,445 SF

      Berkshire Medical Plaza For Sale

      Berkshire Medical Plaza For Sale
      4800 W San Antonio Street, Broken Arrow, OK 74012
      View Details

    FAQs

    What type of property is this?
    Land - 0.34-acre lot, SH3+ zoning, $495,000
    Where is this land located?
    The property is located at 33 Elm Pl Broken Arrow, OK.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price.; 0.34-acre commercial land parcel.; SH3+ zoning, subject to New Orleans Square Zoning Overlay.
    (918) 344-9904 Call to check price and availability
    Request Owner's contact information
    33 Elm Pl 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.
    33 Elm Pl
    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
    33 Elm Pl 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Lombardi
    Nick Lombardi
    Real Estate License ID: 152277
    (918) 344-9904
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!