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    75 Cor 151 & Hwy Glenpool, OK 74033

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    75 Cor 151 & Hwy Glenpool, OK 74033

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    • Land
    • 10,754 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 75 Cor 151 & Hwy

    Property size
    10,754 SF
    Property type
    Land
    Property subtype
    Retail space

    Description

    The Shops at Brookover Corner presents a prime retail investment opportunity in Glenpool, Oklahoma. This single-tenancy commercial property boasts a total building size of 10,754 square feet, situated on a larger development totaling 22,450 square feet of leasable area. The property enjoys exceptional visibility due to its location at the northeast corner of 151st Street and heavily trafficked US Highway 75, experiencing a combined daily traffic count of 58,630 vehicles. This strategic location places the property within Glenpool's newest mixed-use corridor, providing access to a robust customer base from surrounding communities including Tulsa, Jenks, and Bixby. A significant advantage is the proximity to the recently opened Saint Francis Health System, a $23 million facility directly across the street, generating substantial foot traffic and potential clientele. The property is classified as land with a commercial, retail space subtype in Tulsa County, Oklahoma, and features a zip code of 74033. This presents a unique opportunity to capitalize on the growth and development within this thriving area. The property's high visibility and strategic location make it an ideal investment for businesses seeking to establish a strong presence in a rapidly expanding market. This is a single-tenancy property, offering a streamlined ownership experience.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glenpool
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -96.012
    Latitude
    35.9414

    Comparable in this City

    • Value Estimation by Request
      19.22 Acres

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      Land • 19.22 Acres
      0 171St St, Glenpool, OK 74033
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      0.90 Acres

      156Th St

      Land • 0.90 Acres
      0 156Th St, Glenpool, OK 74033
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      15.00 Acres

      17920 Union Ave

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      151st 0.75-6 Acres

      Land
      151st 0.75-6 Acres, Glenpool, OK 74033
      View Details
    • Value Estimation by Request
      1.74 Acres

      121st St

      Land • 1.74 Acres
      121st St, Glenpool, OK 74033
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    • Value Estimation by Request
      0.75 Acres

      75 Cor 151 & Hwy

      Land • 0.75 Acres
      75 Cor 151 & Hwy, Glenpool, OK 74033
      View Details

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    Similar Nearby for Lease

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      8,450 SF

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      Retail Space in Glenpool Corridor

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      7,000 SF

      Retail Space in Glenpool Corridor

      Retail space for lease in high-visibility Glenpool mixed-use corridor.
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      Glenpool Mixed-Use Development Land

      25+/- acre mixed-use development with high visibility.
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      Retail Development Land for Lease

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      Glenpool Restaurant with Drive-Thru

      Restaurant space with drive-thru and signage available for lease.
      13101 S Elwood Ave, Glenpool, OK 74033
      View Details
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    Glenpool, OK 74033
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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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