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    151st & Sandusky D Bixby, OK 74008

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    151st & Sandusky D Bixby, OK 74008

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    • Specialty properties
    • 2.46 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 151st & Sandusky D

    Lot size
    2.46 lot acres
    Property type
    Specialty properties

    Description

    This exceptional ±2.46-acre parcel presents a unique investment opportunity in the thriving Bixby, Oklahoma market. Located near the intersection of 151st and Sandusky, in Tulsa County, this Special Purpose property offers significant potential for various commercial developments. The asking price is $535,788, translating to $5.00 per square foot. The property's strategic location provides easy access to major transportation routes, enhancing its appeal for businesses seeking convenient logistics and distribution capabilities. Situated near established developments like White Hawk and Kimberly Clark, this land benefits from the surrounding infrastructure and commercial activity. The zoning and permitted uses for this property should be independently verified by prospective buyers to ensure alignment with their intended development plans. Detailed site surveys and environmental assessments are recommended before finalizing any purchase agreement. This property is being offered as-is, and all due diligence is the responsibility of the potential buyer. The address is 151st & Sandusky, D, Bixby, OK 74008. This is a rare opportunity to acquire a sizable tract of land in a rapidly growing area, making it an attractive proposition for investors and developers alike. The property's size and location make it suitable for a variety of commercial uses, subject to local zoning regulations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bixby
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9268
    Latitude
    35.9445

    Comparable in this City

    • Value Estimation by Request
      37.18 Acres

      151st & Sandusky A

      Specialty properties • 37.18 Acres
      151st & Sandusky A, Bixby, OK 74008
      View Details
    • Value Estimation by Request
      1,500 SF

      16900 Memorial Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,500 SF
      16900 Memorial Dr, Bixby, OK 74008-4209
      View Details
    • Value Estimation by Request
      36.13 Acres

      151st & Sandusky B

      Specialty properties • 36.13 Acres
      151st & Sandusky B, Bixby, OK 74008
      View Details
    • Value Estimation
      $6,150,000
      36,312 SF

      7910 134th S St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 36,312 SF
      7910 134th S St, Bixby, OK 74008-3180
      View Details
    • Value Estimation by Request
      1,408 SF

      13900 Peoria Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,408 SF
      13900 Peoria Ave, Bixby, OK 74008-4867
      View Details
    • Value Estimation by Request
      6,245 SF

      13329 Memorial Dr

      CREMATORIUM, MORTUARY • 6,245 SF
      13329 Memorial Dr, Bixby, OK 74008-3109
      View Details

    Similar Nearby for Sale

    • $2,900,000
      9,870 SF

      Bixby Commercial Property on Memorial

      9,870 SF commercial building on 2.48 acres in Bixby.
      11710 S Memorial Dr, Bixby, OK 74008
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    • Contact for pricing

      Land Parcel Near White Hawk

      Land parcel available near White Hawk and Kimberly Clark.
      151 151St St E, Bixby, OK 74008
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    • Contact for pricing

      Land Parcel Near White Hawk

      Land parcel available near White Hawk and Kimberly Clark.
      151st & Sandusky C, Bixby, OK 74008
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    • $448,773

      Land with Highway Frontage

      Land suitable for office, retail, or industrial development.
      E 151St St S, Bixby, OK 74008
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    • $500,000
      4.01 Acres

      Commercial Corner Lot in Bixby

      Hard corner lot with commercial zoning in rapidly developing area.
      S Harvard Ave, Bixby, OK 74008
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    Similar Nearby for Lease

    • $23 SF/Yr

      Bixby Office Space For Lease

      Office property in a thriving location with modern amenities.
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    • Contact for pricing
      2,100 SF

      Bixby Flex Space For Lease

      Flex space with overhead doors and central HVAC for lease.
      8315 E 111Th St S, Bixby, OK 74008
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    • $23 SF/Yr
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      Bixby Office Space: Two Levels Available

      6,039 SF Office; Two-Level Suite
      7619 E 126th St S | Bixby, OK 74008, Bixby, OK 74008
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    • $500 /Mo

      Office Space with Gym Membership

      Office space for lease, short term available, gym membership included.
      7690 East 126Th St South, Bixby, OK 74008
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    • Contact for pricing
      2,100 SF

      Retail Space in Bixby, OK

      High-visibility retail space with ample parking and flexible layout.
      8307 E 111Th St, Bixby, OK 74008
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    • $23 SF/Yr
      6,030 SF

      Bixby Office Space for Lease

      6,030 sq ft office, modern amenities
      7619 E 126th St S | Bixby, OK 74008, Bixby, OK 74008
      View Details
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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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