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

    11476 S Union Ave Jenks, OK 74037

    • Strip malls
    • 13,474 SF
    • 1.50 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Last Sale
    Oct 27, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2152663
    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

    • Affordable Dentures & Implants / Denture Care Center
    • Los Mariachis Mexican Restaurant / Restaurant
    • Club Pilates / Pilates Studio
    • Dr. Allen Beaver / Dentist

    Property Details for 11476 S Union Ave

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    1.50 lot acres
    Property size
    13,474 SF
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    60678-82-34-07510
    APU
    60678823407510

    Description

    This exceptional 1,590 square foot retail or office space is located in the thriving Jenks submarket of Tulsa County, Oklahoma. Part of the Jenks Landing R4 development, this single-story building was constructed in 2018 and sits on a 1.5-acre lot. The property offers a total of 13,474 square feet, divided into four suites. Currently, 1,590 square feet is immediately available for lease. The minimum divisible space is 1,590 square feet, and the maximum contiguous space available is also 1,590 square feet. This presents a fantastic opportunity for a business seeking a modern, well-located space in a rapidly growing area. The property's address is 11476 S Union Ave, Jenks, OK 74037, within the Tulsa, Jenks, Glenpool, and Sapulpa submarket cluster. The property's convenient location and modern construction make it an ideal choice for a variety of retail or office uses. This is a rare opportunity to secure a well-appointed space in a desirable location. Contact us today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,473,000
      Market price range: $590k - $1.47M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $965,000
      Current use
      COMMERCIAL (GENERAL)
      $2,065,000
      Change: +114% Conversion: Easy
      OFFICE BUILDING
      $1,570,000
      Change: +62% Conversion: Moderate
      RETAIL STORES
      $1,465,000
      Change: +52% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $885,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jenks
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -96.0132
    Latitude
    35.996
    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
    $27,485
    $15,694
    $195,567
    $211,261
    -
    $185,000
    $2,305,300
    $2,490,300

    Comparable in this City

    • Value Estimation by Request
      12,300 SF

      12141 Elm St

      SHOPPING CENTER, STRIP CENTER • 12,300 SF
      12141 Elm St, Jenks, OK 74037-3753
      View Details
    • Value Estimation
      $5,145,000
      47,831 SF

      728 Main St

      SHOPPING CENTER, STRIP CENTER • 47,831 SF
      728 Main St, Jenks, OK 74037-3519
      View Details
    • Value Estimation
      $705,000
      6,762 SF

      802 Main St Ste, Unit 101

      SHOPPING CENTER, STRIP CENTER • 6,762 SF
      802 Main St Ste, Jenks, OK 74037-3585
      View Details
    • Value Estimation by Request
      12,280 SF

      389 Main St

      SHOPPING CENTER, STRIP CENTER • 12,280 SF
      389 Main St, Jenks, OK 74037-4132
      View Details
    • Value Estimation
      $1,660,000
      19,250 SF

      329 Elm St

      SHOPPING CENTER, STRIP CENTER • 19,250 SF
      329 Elm St, Jenks, OK 74037-3764
      View Details
    • Value Estimation by Request
      7,920 SF

      620 Main St

      SHOPPING CENTER, STRIP CENTER • 7,920 SF
      620 Main St, Jenks, OK 74037-3517
      View Details

    Similar Nearby for Sale

    • $3,900,000
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      Prime Jenks Outlot: 4.15 Acres

      Exceptional Jenks retail opportunity. High visibility, adjacent to major outlet mall.
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      Modern Retail-Office Property in Jenks

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    • New
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      Land For Sale in Jenks

      2.505 acres of agricultural land in Jenks, Oklahoma.
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    • Contact for pricing
      1.94 Acres

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      Prime 1.94-acre commercial lot.
      0 96Th St, Jenks, OK 74037
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
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      Retail Space in Jenks

      Retail space available with ample parking and on-site management.
      500 Riverwalk Ter, Jenks, OK 74037
      View Details
    • $13 SF/Yr
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      Retail Property with Drive-Thru

      Retail property featuring a drive-thru and high visibility.
      13100 S Elwood Ave, Jenks, OK 74037
      View Details
    • Contact for pricing
      33,600 SF

      Warehouse with Highway Access

      33,600 SF warehouse with convenient highway access.
      3014 W Main St, Jenks, OK 74037
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    • $20 SF/Yr
      1,590 SF

      Retail Space with Highway Visibility

      Retail space with excellent visibility and easy highway access.
      11476 S Union Ave, Jenks, OK 74037
      View Details
    • $39 SF/Yr
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      Prime Retail Space in Jenks

      Retail or restaurant space in prime Jenks Main Street location.
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      View Details
    • $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
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    Jenks, OK 74037
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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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