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Property profile & analytics
OFF-MARKET Estimated value $705,000
Retail space

118 Main St Sand Springs, OK 74063-7601

8,100 SF 0.16 ac lot Built 1925
Individually Owned 14-yr Hold ~ Est. High Equity
Property ID
US69-2351270
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,100 SF
Lot 0.16 ac (7,013 SF)
Zoning code CH
APN 61475-91-11-05990
UPID US69-2351270
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
$765k
Blend (final) Blend
$705k
Owner & transaction history
Vazgen H Minassian · 14 yrs held
Vazgen H Minassian
since 2011
3 recorded transactions
2011
$511,500
2005
$150,000
1969
Price N/A
Zoning & alternative use
CH · Sand Springs, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Historic Preservation; Appendix A: Added “E” to CH for Use Unit 6 Single-Family Dwelling, Use Unit 16 Mini-Storage changed to “S’ and deleted Use Unit 18 Drive-in Restaurants shown incorrectly as a permitted use in CBD and CH, changed Use Unit 28 Junk and Salvage from “E” to “S” in IH; Changed Use Unit 20 Commercial Rec., Intensive to “S” in AG, CS, CG, CBD,…

Zone name Commercial High Intensity District
General category COMMERCIAL
Zone area 46.88 ac
Source SSZCCOVER 4-17-07
Top alternative use upside
Office building $940,000 +6.9%
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