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Property profile & analytics
OFF-MARKET
Estimated value
$11,460,000
Warehouses
11114 Memorial Dr Bixby, OK 74008-2038
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0744868
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
146,686 SF
Lot
14.52 ac (632,491 SF)
Zoning code
CS
APN
57611-83-35-13320
UPID
US69-0744868
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
-
Lowe's Garden Center Garden Center
-
Lowe's Home Improvement Building Supply Hardware & Home Improvement
-
Installation Services General Contractor
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.59M
Comparable Approach
Comparable
$11.11M
Blend (final)
Blend
$11.46M
Owner & transaction history
2428 Kansas Ave LLC · 10 yrs held
2428 Kansas Ave LLC
since 2016
4 recorded transactions
Zoning & alternative use
CS · Bixby, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.1M
+88.9%
Retail stores
$16.0M
+76.7%
Neighborhood: shopping center
$10.5M
+16.4%
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 Bixby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bixby 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%
$15,805,000
6.5%
$14,590,000
7%
$13,545,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,035,000
Current use
OFFICE BUILDING
$17,065,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$15,960,000
Change: +77% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,520,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$11.46M
Range $10.31M – $12.61M · ±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
$78 / 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
$133,396
Tax year 2023
Assessed value
$1,034,000
Assessed 2023
Previous assessed
$1,034,000
+0.0% YoY
Effective rate
12.90%
On assessed value
Assessed land
$521,807
Assessed improvement
$512,193
Land market value
$4,743,700
Improvement market value
$4,656,300
Total market value
$9,400,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
146,686 SF
Lot
14.52 ac (632,491 SF)
Zoning code
CS
APN
57611-83-35-13320
UPID
US69-0744868
Jurisdiction
TULSA
Zoning & alternative use
CS · Bixby, OK
Zoning CS · permitted uses
CS · Bixby, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bixby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.0M
OFFICE BUILDING
Est. value
$17.1M
RETAIL STORES
Est. value
$16.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
14.52 ac
Current owner
From public records · entity-resolved
2428 Kansas Ave LLC
Entity
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2016
—
K-mac Ents INC
—
Deed
related
$500,000 · Bank Of America
Mar 28, 2016
$1,981,000
2428 Kansas Ave LLC
K-mac Ents INC
Warranty Deed
$656,000 · First Internet Bk/in
Jul 23, 2015
$500,000
K-mac Ents INC
Lowes Home Centers LLC
Grant Deed
—
—
—
K-mac Ents INC
—
Deed Of Trust
related
$500,000 · Bank Of America
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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