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    7706 Owasso Expy Owasso, OK 74055
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    7706 Owasso Expy, Owasso, OK 74055

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    • Office Spaces
    • 27,655 SF
    • 4.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 7706 Owasso Expy

    Year built
    2008
    Lot size
    4.50 lot acres
    Property type
    Office Spaces
    Property subtype
    Office Units

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Owasso
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8496
    Latitude
    36.2664

    Comparable in this City

    • Value Estimation by Request
      2,542 SF

      8418 123 Ave

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      8418 123 Ave, Owasso, OK 74055
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    • Value Estimation by Request
      3,200 SF

      14501 89th N St

      OFFICE BUILDING
      14501 89th N St, Owasso, OK 74055-2583
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    • Value Estimation
      $560,000
      3,901 SF

      13101 96th N St

      MEDICAL BUILDING
      13101 96th N St, Owasso, OK 74055-4767
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    • Value Estimation
      $940,000
      7,818 SF

      8283 Owasso Expy Ste H

      OFFICE BUILDING
      8283 Owasso Expy Ste H, Owasso, OK 74055-3600
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    • Value Estimation
      $590,000
      4,819 SF

      12813 101st N Pl

      MEDICAL BUILDING
      12813 101st N Pl, Owasso, OK 74055-4662
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    • Value Estimation
      $520,000
      5,016 SF

      13506 116th N St

      OFFICE BUILDING
      13506 116th N St, Owasso, OK 74055-7432
      View Details

    Similar Nearby for Sale

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      1,900 SF

      Highway Frontage Commercial Building

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    • $530,000

      Highway Frontage Mixed-Use Building

      New mixed-use building with highway frontage, expansion potential.
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      2,271 SF

      Owasso Office/Mixed-Use Development Opportunity

      1.93 acre property with development potential in Owasso, OK.
      13601 E 96Th St N, Owasso, OK 74055
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    • $475,000

      Owasso Mixed-Use Development Opportunity

      1.93 acre property with development potential in Owasso, OK.
      13601 East 96Th St North, Owasso, OK 74055
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    • $530,000
      1,900 SF

      Highway Frontage Commercial Building

      Move-in ready building with expansion and development potential.
      17983 E 116Th St N, Owasso, OK 74055
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    • Contact for pricing
      26,510 SF

      Industrial/Flex Property For Sale

      26,510 SqFt Industrial/Flex property with 8.32% CAP rate.
      7708 N Owasso Expy, Owasso, OK 74055
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    Similar Nearby for Lease

    • $10 SF/Yr

      New Industrial Space in Owasso

      New construction Class A industrial building with office space.
      10220 E 75Th St North, Owasso, OK 74055
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    • Contact for pricing

      Retail Space in Growing Owasso

      Inline retail space with high visibility and ample parking.
      11215 N Garnett Rd, Owasso, OK 74055
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    • Contact for pricing
      2,250 SF

      Office Space in Owasso

      Office space available for lease in Owasso, Oklahoma.
      7744 N Owasso Expy, Owasso, OK 74055
      View Details
    • $10 SF/Yr

      New Industrial Space in Owasso

      New construction industrial building with office space for lease.
      10264 E 75Th St North, Owasso, OK 74055
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    • Contact for pricing

      Retail/Office Space in Owasso

      Inline space suitable for retail, office, medical, or fitness.
      11211 North Garnett Rd, Owasso, OK 74055
      View Details
    • Contact for pricing
      6,331 SF

      Retail Space in Owasso Power Center

      Retail spaces available in a high-traffic, anchored power center.
      9002 N 121 Ave E, Owasso, OK 74055
      View Details
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    Owasso, OK 74055
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    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
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