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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Retail space
118 Armstrong St Bixby, OK 74008-4448
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US69-0427663
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,500 SF
Lot
0.14 ac (6,273 SF)
Zoning code
CH
APN
57825-73-24-04480
UPID
US69-0427663
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
$598k
Blend (final)
Blend
$545k
Owner & transaction history
Bixby Public Schs Independent · 18 yrs held
Bixby Public Schs Independent
since 2008
6 recorded transactions
Zoning & alternative use
CH · Bixby, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is designed to accommodate high intensity commercial and related uses in areas designated high intensity by the comprehensive plan.
Zone name
Commercial High Intensity
General category
COMMERCIAL
Zone area
40.44 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$845,000
+40.9%
Office building
$640,000
+6.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$600,000
Current use
COMMERCIAL (GENERAL)
$845,000
Change: +41% · Conversion: Easy
OFFICE BUILDING
$640,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$99 / 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
Previous assessed
$4
Land market value
$18,766
Improvement market value
$113,596
Total market value
$132,362
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
5,500 SF
Lot
0.14 ac (6,273 SF)
Zoning code
CH
APN
57825-73-24-04480
UPID
US69-0427663
Jurisdiction
TULSA
Zoning & alternative use
CH · Bixby, OKZoning CH · permitted uses
CH · Bixby, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is designed to accommodate high intensity commercial and related uses in areas designated high intensity by the comprehensive plan.
Zone name
Commercial High Intensity
General category
COMMERCIAL
Zone area
40.44 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$845,000
OFFICE BUILDING
Est. value
$640,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Bixby Public Schs Independent
Individual
Mailing address
PO BOX 70, BIXBY, OK 74008-0070
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2008
—
Bixby Public Schs Independent
Shiloh Fellowship INC
Grant Deed
related
—
Aug 23, 2001
$225,000
Shiloh Fellowship INC
Marker,michael K & Pamela N
Grant Deed
—
—
—
Shiloh Fellowship INC
—
Deed Of Trust
related
$163,114 · Citizens Security Bank & Trust
—
—
Shiloh Fellowship INC
—
Deed Of Trust
related
$30,000 · Oklahoma Title & Escrow Corp
—
—
Shiloh Fellowship INC
—
Deed Of Trust
related
$183,224 · Citizens Security Bank & Trust
—
—
Shiloh Fellowship INC
—
Deed Of Trust
related
$27,296 · Citizens Security Bank & Trust
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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