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Property profile & analytics
OFF-MARKET
Estimated value
$70,000
Warehouses
116 Main St Sperry, OK 74073
Entity Owned
4-yr Hold
Free & Clear
Property ID
US69-0842087
Property summary
AI-generated overview
This exceptional 0.6-acre commercial land parcel, located at 116 N Main Street in Owasso, Oklahoma (zip code 74055), presents a unique investment opportunity in the vibrant Redbud District. The property boasts a substantial 5,257 square feet of space, ideal for a diverse range of commercial ventures, including retail, office, or service-oriented businesses. Its prime location in a high-traffic area ensures excellent visibility and accessibility, maximizing exposure for any business operating from this site. The property's versatility allows for customization to suit specific business needs. The asking price is $875,000. This is a chance to establish a presence in a thriving business environment within a family-friendly neighborhood. Note that an adjacent residential property is also available for purchase, offering potential for synergistic investment opportunities. The property is situated in Tulsa County and offers significant potential for growth and return on investment. The interior requires finishing to the buyer's specifications.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1945
Construction
WOOD FRAME
Total area
3,475 SF
Lot
0.51 ac (22,303 SF)
Zoning code
C
APN
63700-12-13-00610
UPID
US69-0842087
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$55k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$70k
Owner & transaction history
Bridgeman Properties LLC · 4 yrs held
Bridgeman Properties LLC
since 2022
Last sale
$70,000
1 recorded transaction
Zoning & alternative use
C · Sperry, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
C
General category
COMMERCIAL
Zone area
8.98 ac
Source
Realmo
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 Sperry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sperry 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
$70,000
ML approach
$55,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$70k
Range $63k – $77k · ±10% · vs last sale $70k (Aug 9 2022)
Last sale anchor
$70k
Aug 9 2022
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
$20 / 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
$834
Tax year 2023
Assessed value
$7,700
Assessed 2023
Previous assessed
$4,100
+87.8% YoY
Effective rate
10.83%
On assessed value
Assessed land
$2,453
Assessed improvement
$5,247
Land market value
$22,300
Improvement market value
$47,700
Total market value
$70,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1945
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
3,475 SF
Lot
0.51 ac (22,303 SF)
Zoning code
C
APN
63700-12-13-00610
UPID
US69-0842087
Jurisdiction
TULSA
Zoning & alternative use
C · Sperry, OKZoning C · permitted uses
C · Sperry, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
C
General category
COMMERCIAL
Zone area
8.98 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1945
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Bridgeman Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 163, SPERRY, OK 74073-0163
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
$70,000
Bridgeman Properties LLC
Shirley Roberts
Warranty Deed
—
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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