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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1081 121st S St, Unit 101 Jenks, OK 74037-4267

    • Warehouses
    • 35,462 SF
    • 2.91 lot acres
    OFF-MARKET
    Last Sale
    Feb 20, 2025
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1554358
    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

    • Warehouses

    Property Details for 1081 121st S St

    Lot size
    2.91 lot acres
    Property size
    35,462 SF
    Zone code
    IL
    Property type
    Warehouses
    APN
    60903-82-36-47000
    APU
    60903823647000

    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
    Jenks
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9845
    Latitude
    35.9896
    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
    $3,578
    $27,500
    $0.00
    $27,500
    -
    $250,000
    $0.00
    $250,000

    Comparable in this City

    • Value Estimation
      $250,000
      884 SF

      10917 33rd W Ave

      WAREHOUSE, STORAGE • 884 SF
      10917 33rd W Ave, Jenks, OK 74037-6932
      View Details
    • Value Estimation
      $390,000
      28,800 SF

      2065 Elm St

      WAREHOUSE, STORAGE • 28,800 SF
      2065 Elm St, Jenks, OK 74037-2155
      View Details
    • Value Estimation by Request
      3,200 SF

      324 Aquarium Pl

      WAREHOUSE, STORAGE • 3,200 SF
      324 Aquarium Pl, Jenks, OK 74037-6804
      View Details
    • Value Estimation
      $300,000
      3,240 SF

      528 121st S St

      WAREHOUSE, STORAGE • 3,240 SF
      528 121st S St, Jenks, OK 74037-3652
      View Details
    • Value Estimation
      $655,000
      3,200 SF

      1210 Birch St

      WAREHOUSE, STORAGE • 3,200 SF
      1210 Birch St, Jenks, OK 74037-2108
      View Details
    • Value Estimation
      $260,000
      9,639 SF

      1817 Elm St

      WAREHOUSE, STORAGE • 9,639 SF
      1817 Elm St, Jenks, OK 74037-2138
      View Details

    Similar Nearby for Sale

    • $1,490,000
      Pending

      Jenks Industrial Properties For Sale

      Two commercial properties with income and expansion potential in Jenks.
      395 W K Pl, Jenks, OK 74037
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    • $799,000
      2,621 SF

      Former Nursery and Landscaping Property

      Property with fenced yard, overhead doors, and pylon sign.
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    • $2,000,000
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      Church Property on Main Street

      Versatile church property in a high-traffic area off Highway 75.
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    • New
      $300,000
      2.51 Acres

      Land For Sale in Jenks

      2.505 acres of agricultural land in Jenks, Oklahoma.
      11420 S Elgin Ave, Jenks, OK 74037
      View Details
    • $2,000,000
      5.00 Acres

      Jenks Development Land - High Traffic

      Prime 5-acre corner lot, high growth area.
      13100 Harvard Ave, Jenks, OK 74037
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    • $135,000
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      Jenks Acreage: Build Your Dream

      Rare 1.82-acre property in Jenks, Bixby School District.
      13000 S 15Th Ct, Jenks, OK 74037
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    Similar Nearby for Lease

    • $11 SF/Yr
      5,000 SF

      Retail Showroom with Warehouse Space

      5,000 SF retail showroom with warehouse for lease.
      1006 W Main St, Jenks, OK 74037
      View Details
    • Contact for pricing
      33,600 SF

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      33,600 SF warehouse with convenient highway access.
      3014 W Main St, Jenks, OK 74037
      View Details
    • $8 SF/Yr
      7,000 SF

      Industrial Space in Central Jenks

      Industrial property available for rent in central Jenks, Oklahoma.
      511 North Elm St, Jenks, OK 74037
      View Details
    • $13 SF/Yr
      2,650 SF

      Retail Property with Drive-Thru

      Retail property featuring a drive-thru and high visibility.
      13100 S Elwood Ave, Jenks, OK 74037
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    • $18 SF/Yr
      2,293 SF

      Modern Office Space in Jenks

      Attractive office space in a convenient Jenks location.
      329 S Elm St, Jenks, OK 74037
      View Details
    • $2,100,000

      Commercial Land for Ground Lease

      Commercial land available for ground lease off Main Street.
      625 W Beaver St, Jenks, OK 74037
      View Details
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    Jenks, OK 74037-4267
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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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