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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Warehouses
11616 59th S St Sand Springs, OK 74063-3740
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US69-0435460
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
STEEL FRAME
Total area
24,080 SF
Lot
9.9 ac (431,288 SF)
Zoning code
IL
APN
55381-91-34-61330
UPID
US69-0435460
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.27M
Owner & transaction history
Corrpro Companies INC · 9 yrs held
Corrpro Companies INC
since 2016
7 recorded transactions
Zoning & alternative use
IL · Sand Springs, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B. Purposes of the IL Industrial Light District The IL District is designed to provide an environment conducive to the development of industrial facilities and to provide areas suitable for manufacturing, and other industrial activities which have slight or no objectionable environmental influences. C. Purposes of the IM Industrial Moderate District The IM D…
Zone name
Industrial Light District
General category
INDUSTRIAL
Zone area
762.53 ac
Source
SSZCCOVER 4-17-07
Top alternative use upside
Neighborhood: shopping center
$1.7M
+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 Sand Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sand Springs 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,485,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,725,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$53 / 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
$11,989
Tax year 2023
Assessed value
$104,903
Assessed 2023
Previous assessed
$99,908
+5.0% YoY
Effective rate
11.43%
On assessed value
Assessed land
$23,117
Assessed improvement
$81,786
Land market value
$235,700
Improvement market value
$833,900
Total market value
$1,069,600
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
1979
Construction
STEEL FRAME
Heating
ZONE
Cooling
YES
Buildings
2
Stories
1
Total area
24,080 SF
Lot
9.9 ac (431,288 SF)
Zoning code
IL
APN
55381-91-34-61330
UPID
US69-0435460
Jurisdiction
TULSA
Zoning & alternative use
IL · Sand Springs, OKZoning IL · permitted uses
IL · Sand Springs, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B. Purposes of the IL Industrial Light District The IL District is designed to provide an environment conducive to the development of industrial facilities and to provide areas suitable for manufacturing, and other industrial activities which have slight or no objectionable environmental influences. C. Purposes of the IM Industrial Moderate District The IM District is designed to group together a wide range of industrial uses, which may produce moderately objectionable environmental influences in their operation and appearance. 9-2 Zoning Code of the City of Sand Springs D. Purposes of the IH Industrial Heavy District The IH District is designed to provide areas for manufacturing and other industrial activities which may constitute substantial environmental influences or hazards. 9-3 Zoning Code of the City of Sand Springs
Zone name
Industrial Light District
General category
INDUSTRIAL
Zone area
762.53 ac
Source
SSZCCOVER 4-17-07
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
WAREHOUSE, STORAGE Current
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
1979
Construction
STEEL FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
2
Lot
9.9 ac
Current owner
From public records · entity-resolved
Corrpro Companies INC
Entity
Mailing address
580 GODDARD AVE, CHESTERFIELD, MO 63005-1120
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2016
$865,000
Corrpro Companies INC
Spiritbank
Grant Deed
—
Feb 23, 2016
—
Spiritbank
Murphy Gerald L Trust 1
Deed In Lieu Of Foreclosure
related
—
Feb 3, 2012
—
Murphy Gerald L Trust 1
—
Deed Of Trust
related
$6,828,647 · Spiritbank NA
Mar 26, 2009
—
Murphy Gerald L Trust No 1
—
Trustees Deed
related
$3,500,000 · Spiritbank NA
Dec 5, 2008
—
Murphy Gerald L Trust No 1
—
Trustees Deed
related
$995,000 · Spirit Bk
Jan 16, 2002
—
Murphy,tr
Murphy,gerald L & Loretta
Quit Claim Deed
related
—
—
—
Murphy,gerald L Trust 1
—
Loan Modification
related
$3,923,172 · Spiritbank
—
—
Murphy,gerald L Trust 1
—
Loan Modification
related
—
—
—
Murphy Gerald L Trust 1
—
Deed Of Trust
related
$3,500,000 · Spiritbank NA
—
—
Murphy Gerald L Trust
—
Deed Of Trust
related
$300,000 · F & M Bank & Trust Co
—
—
Murphy Gerald L Trust 1
—
Deed Of Trust
related
—
—
—
Murphy Gerald L Trust 1
—
Deed Of Trust
related
$995,000 · Spiritbank NA
—
—
Murphy Gerald L Trust 1
—
Deed Of Trust
related
$995,000 · Spiritbank NA
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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