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Property profile & analytics
OFF-MARKET
Estimated value
$4,230,000
Retail properties & Spaces
11116 Memorial Dr Bixby, OK 74008-2038
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US69-0891927
Property profile
Verified
Property type
Retail properties & Spaces
Use group
ROADSIDE MARKET
Year built
2012
Construction
STEEL FRAME
Total area
75,451 SF
Lot
8.91 ac (388,207 SF)
Zoning code
CS
APN
57611-83-35-13310
UPID
US69-0891927
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
-
PHONE DOCTORS | iPhone & Cell Phone Repair of Bixby | Inside Reasors Computer & Electronic Repair Tech Support Center
-
Reasors Specialty Food Shop Supermarket
-
Reasor's Pharmacy Pharmacy
-
Reasor's Grocery & Convenience Store Food Market
-
Robertson Tire Complete Car Care Service (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.23M
Owner & transaction history
Lrs Bixby Ok LLC · 10 yrs held
Lrs Bixby Ok LLC
since 2015
Last sale
$4.3M
5 recorded transactions
Zoning & alternative use
CS · Bixby, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.7M
+525.8%
Office building
$6.2M
+478.7%
Auto repair, garage
$5.6M
+421.4%
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
$3,960,000
ML approach
$4,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,710,000
Change: +526% · Conversion: Difficult
OFFICE BUILDING
$6,205,000
Change: +479% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,590,000
Change: +421% · Conversion: Difficult
MEDICAL BUILDING
$4,610,000
Change: +330% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,630,000
Change: +239% · Conversion: Difficult
Blend value · Realmo final
$4.23M
Range $3.81M – $4.65M · ±10% · vs last sale $4.25M (Feb 11 2025)
Last sale anchor
$4.25M
Feb 11 2025
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
$56 / 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
$128,676
Tax year 2023
Assessed value
$997,414
Assessed 2023
Previous assessed
$1,028,874
-3.1% YoY
Effective rate
12.90%
On assessed value
Assessed land
$320,265
Assessed improvement
$677,149
Land market value
$2,911,500
Improvement market value
$6,155,900
Total market value
$9,067,400
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 properties & Spaces
Use group
ROADSIDE MARKET
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
75,451 SF
Lot
8.91 ac (388,207 SF)
Zoning code
CS
APN
57611-83-35-13310
UPID
US69-0891927
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
RETAIL STORES
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$3.6M
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2012
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
8.91 ac
Current owner
From public records · entity-resolved
Lrs Bixby Ok LLC
Entity
Free & Clear · 10 yrs held
Mailing address
345 PARK AVE FL, NEW YORK, NY 10154-0004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2015
$10,979,000
Lrs Bixby Ok LLC
Whlr-bixby Commons LLC
Grant Deed
—
Jun 12, 2013
$10,600,000
Whlr-bixby Commons LLC
Super Market Developers INC
Grant Deed
$6,700,000 · Bank Of Arkansas
Sep 8, 2011
$2,232,000
Super Market Developers INC
Bixby Dev LLC
Warranty Deed
—
Aug 16, 2004
$1,650,000
Bixby Dev LLC
Cook,robert K II
Warranty Deed
—
—
—
Lrs Bixby Ok LLC
—
Deed Of Trust
related
$7,910,000 · Ladder Cap Fin
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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