Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    10602 97th E Ave Owasso, OK 74055-6571

    • Medical Office Space
    • 1,548 SF
    • 4.63 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0485059
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical Office Space

    Property Details for 10602 97th E Ave

    Year built
    1960
    Construction
    FRAME
    Lot size
    4.63 lot acres
    Property size
    1,548 SF
    Zone code
    AG
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    91312-13-12-55810
    APU
    91312131255810

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Owasso
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8673
    Latitude
    36.308
    CBSA code
    46140
    CBSA name
    TULSA, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,065
    $4,587
    $23,463
    $28,050
    -
    $41,700
    $213,300
    $255,000

    Comparable in this City

    • Value Estimation
      $560,000
      3,901 SF

      13101 96th N St

      MEDICAL BUILDING • 3,901 SF
      13101 96th N St, Owasso, OK 74055-4767
      View Details
    • Value Estimation
      $590,000
      4,819 SF

      12813 101st N Pl

      MEDICAL BUILDING • 4,819 SF
      12813 101st N Pl, Owasso, OK 74055-4662
      View Details
    • Value Estimation
      $885,000
      6,588 SF

      10205 110th E Ave

      MEDICAL BUILDING • 6,588 SF
      10205 110th E Ave, Owasso, OK 74055-4374
      View Details
    • Value Estimation
      $595,000
      4,394 SF

      12802 101st N Pl

      MEDICAL BUILDING • 4,394 SF
      12802 101st N Pl, Owasso, OK 74055-4662
      View Details
    • Value Estimation by Request
      2,064 SF

      9 Atlanta St

      MEDICAL BUILDING • 2,064 SF
      9 Atlanta St, Owasso, OK 74055-2901
      View Details
    • Value Estimation
      $820,000
      5,764 SF

      9521 Owasso Expy

      MEDICAL BUILDING • 5,764 SF
      9521 Owasso Expy, Owasso, OK 74055-5414
      View Details

    Similar Nearby for Sale

    • $750,000
      2,000 SF

      Owasso Office Building For Sale

      2,000 sq ft office building in Owasso, Oklahoma.
      8430 N 123Rd East Ave, Owasso, OK 74055
      View Details
    • Contact for pricing

      Owasso Executive Office Land Lease

      ±2.89 Acres, Highway 169 Frontage, Build-to-Suit
      7801 Owasso Expy, Owasso, OK 74055
      View Details
    • $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
      View Details
    • Contact for pricing
      11,989 SF

      Owasso Office Building For Sale

      Office building with 11,989 square feet of space.
      13616 E 103Rd St, Owasso, OK 74055
      View Details
    • $2,975,000
      27,755 SF

      Owasso Business Park For Sale

      Owasso Business Park For Sale
      7708 - 7762 North Owasso Expressway, Owasso, OK 74055
      View Details
    • $6,136,732
      23.48 Acres

      Prime Owasso Land - 23 Acres

      Exceptional Tulsa County acreage, ideal for development.
      0 145 Ave, Claremore, OK 74055
      View Details

    Similar Nearby for Lease

    • 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
    • $18 SF/Yr
      1,000 SF

      Owasso Office Space Available

      Office space available for rent in Owasso, Oklahoma.
      14601 East 88Th Pl North, Owasso, OK 74055
      View Details
    • Contact for pricing
      9,646 SF

      Owasso Retail Space Available

      Prime Owasso retail space, multiple suites available.
      0 N &, Owasso, OK 74055
      View Details
    • $10 SF/Yr
      7,625 SF

      Owasso Warehouse Space Available

      7,625 SF warehouse space available for lease in Owasso.
      7507 North 104Th East Ave, Owasso, OK 74055
      View Details
    • $17 SF/Yr
      26,000 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space with highway visibility, completion Spring 2023.
      7102 N Owasso Expy, Owasso, OK 74055
      View Details
    • $1,650 /Mo
      1,471 SF

      Retail Space in Owasso, OK

      Retail space available for lease in Owasso, Oklahoma.
      401-435 E 2Nd Ave, Owasso, OK 74055
      View Details
    Request Owner's contact information
    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.
    10602 97th E Ave
    Owasso, OK 74055-6571
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!