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    23rd St Broken Arrow, OK 74012
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    Property profile & analytics

    23rd St, Broken Arrow, OK 74012

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    • Power centers
    • 13,284 SF
    • 22.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Power centers

    Property Details for 23rd St

    Year built
    2025
    Lot size
    22.20 lot acres
    Property type
    Power centers
    Property subtype
    Lifestyle centers

    Description

    The Shops at Adams Creek, a Class A retail center in Broken Arrow, Oklahoma, offers 13,284 square feet of retail space across three buildings. Ten suites are available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 10,000 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.7624
    Latitude
    36.0639

    Comparable in this City

    • Value Estimation by Request
      85,283 SF

      2144 Albany St

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      2144 Albany St, Broken Arrow, OK 74012
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    • Value Estimation by Request
      68,846 SF

      1005-1205 Kenosha St

      Lifestyle centers
      1005-1205 Kenosha St, Broken Arrow, OK 74012
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    • Value Estimation
      $1,010,000
      11,550 SF

      815 Kenosha St

      MINI-MALL
      815 Kenosha St, Broken Arrow, OK 74012-2044
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    • Value Estimation
      $4,950,000
      68,048 SF

      1201 Kenosha St

      MINI-MALL
      1201 Kenosha St, Broken Arrow, OK 74012-2008
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    • Value Estimation
      $995,000
      38,806 SF

      1639 Main St

      SHOPPING CENTER, STRIP CENTER
      1639 Main St, Broken Arrow, OK 74012-5604
      View Details
    • Value Estimation
      $515,000
      18,615 SF

      1000 Elm Pl

      SHOPPING CENTER, STRIP CENTER
      1000 Elm Pl, Broken Arrow, OK 74012-1603
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      New Restaurant Property in Broken Arrow

      New 5,990 SF restaurant property in Broken Arrow, Oklahoma.
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      Broken Arrow Commercial Building For Sale

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      Commercial Property Near Rose District

      Commercial property with frontage near Broken Arrow's Rose District.
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      3,247 SF

      Retail Space For Sale

      Retail space available in Broken Arrow, Oklahoma.
      3120 W Kenosha St, Broken Arrow, OK 74012
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    Similar Nearby for Lease

    • $28 SF/Yr
      5,200 SF

      Retail Space in Broken Arrow

      Retail space for lease with high-traffic location and co-tenants.
      854 East Hillside Dr, Broken Arrow, OK 74012
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    • $19 SF/Yr

      Retail Space For Lease

      Retail spaces available in Broken Arrow, Oklahoma shopping center.
      4650 West Kenosha, Broken Arrow, OK 74012
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    • Contact for pricing

      Retail Space in Broken Arrow

      Retail space available for lease in Broken Arrow, Oklahoma.
      1200 E Hillside Dr, Broken Arrow, OK 74012
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    • Contact for pricing
      2,347 SF

      Retail Space Near Broken Arrow

      Retail space with high visibility near Broken Arrow Expressway.
      1208 E Kenosha St, Broken Arrow, OK 74012
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    • Contact for pricing
      18,564 SF

      Retail Space Available Q3 2024

      Retail space for rent, available Q3 2024 in Broken Arrow.
      N 23Rd St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 881 square feet.
      1209 East Kenosha St, Broken Arrow, OK 74012
      View Details
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    Broken Arrow, OK 74012
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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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