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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Retail space
108 1st Ave Owasso, OK 74055-3111
Entity Owned
6-yr Hold
Free & Clear
Property ID
US69-0119042
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
STEEL FRAME
Total area
12,244 SF
Lot
0.32 ac (13,983 SF)
Zoning code
DM
APN
61000-14-30-01180
UPID
US69-0119042
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Chiro Correct Alternative Medicine Practice
-
1st Avenue salon & spa Hair Salon
-
Dodwell Designs Furniture & Home Goods Home Decor Store
-
Best Little Hair House Hair Salon
-
Flourish Clothing Co. Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.02M
Owner & transaction history
Brogran LLC · 6 yrs held
Brogran LLC
since 2020
7 recorded transactions
Zoning & alternative use
DM · Owasso, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DM Downtown Mixed PF Public Facilities (PF and DM Districts excluded from scale) The Residential Mobile Home Park (RMH), Commercial General (CG), Commercial High Intensity (CH), and Industrial Heavy (IH) zoning dis tricts are carried forward from the previous version of this Code and are hereby considered “legacy” districts. All existing lots and uses within…
Zone name
Downtown Mixed
General category
MIXED_USE
Zone area
51.34 ac
Source
Owasso Zoning Code PDF
Top alternative use upside
Office building
$1.4M
+6.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Owasso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owasso submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,330,000
Current use
OFFICE BUILDING
$1,425,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$83 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,451
Tax year 2023
Assessed value
$132,247
Assessed 2023
Previous assessed
$125,950
+5.0% YoY
Effective rate
10.93%
On assessed value
Assessed land
$15,635
Assessed improvement
$116,612
Land market value
$219,500
Improvement market value
$1,637,100
Total market value
$1,856,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
12,244 SF
Lot
0.32 ac (13,983 SF)
Zoning code
DM
APN
61000-14-30-01180
UPID
US69-0119042
Jurisdiction
TULSA
Zoning & alternative use
DM · Owasso, OKZoning DM · permitted uses
DM · Owasso, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DM Downtown Mixed PF Public Facilities (PF and DM Districts excluded from scale) The Residential Mobile Home Park (RMH), Commercial General (CG), Commercial High Intensity (CH), and Industrial Heavy (IH) zoning dis tricts are carried forward from the previous version of this Code and are hereby considered “legacy” districts. All existing lots and uses within these legacy districts are considered legal and conforming, provided that they conform to the applicable regulations of the prior version of this Code. New developments within a legacy zoning district must adhere to all applicable regulations of this Code. No property may be zoned or rezoned into a legacy zoning district after the date of adoption of this Code. For other previously existing zoning districts that are no longer d escribed in this Code, refer to the zoning district that most closely matches the district in question. The Community Development Director or their designee shall make a determination.
Zone name
Downtown Mixed
General category
MIXED_USE
Zone area
51.34 ac
Source
Owasso Zoning Code PDF
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Brogran LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 53, OWASSO, OK 74055-0053
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
—
Brogran LLC
—
Deed
related
$100,000 · First Bank Of Owasso
Jul 22, 2020
—
Brogran LLC
City Of Owasso
Quit Claim Deed
related
—
Feb 22, 2019
—
Brogran LLC
—
Deed
related
$450,000 · First Bk/owasso
Feb 14, 2017
—
Brogran LLC
—
Grant Deed
related
$4,800,000 · First Bk/owasso
Aug 19, 2015
$462,500
Brogran LLC
Leake,charles & Donna
Warranty Deed
$588,975 · First Bk/owasso
—
—
Brogran LLC
—
Deed Of Trust
related
$450,000 · First Bk/owasso
—
—
Charles B Leake
—
Deed Of Trust
related
$69,473 · First Bank Of Owasso
—
—
Charles B Leake
—
Deed Of Trust
related
$250,469 · First Bank Of Owasso
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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