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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Warehouses
12105 Memorial Dr Bixby, OK 74008-2541
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US69-0507846
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
STEEL FRAME
Total area
12,352 SF
Lot
1.17 ac (50,965 SF)
Zoning code
CS
APN
58265-73-01-20840
UPID
US69-0507846
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
Current use
Occupant on record · Public records
-
Fix Auto Memorial Drive Auto Repair Shop
-
AMG Floorhaus Carpet & Flooring Store Hardware & Home Improvement
-
Anderson Marble & Granite General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Osage Creek Investment Group LLC · 2 yrs held
Osage Creek Investment Group LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CS · Bixby, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+199.9%
Auto repair, garage
$2.2M
+184.7%
Commercial (general)
$1.9M
+149.0%
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
$1,805,000
ML approach
$1,870,000
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,280,000
Change: +200% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,165,000
Change: +185% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,895,000
Change: +149% · Conversion: Difficult
OFFICE BUILDING
$1,435,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$1,345,000
Change: +77% · Conversion: Moderate
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10% · vs last sale $1.85M (Aug 23 2023)
Last sale anchor
$1.85M
Aug 23 2023
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
$149 / 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
$9,254
Tax year 2023
Assessed value
$71,731
Assessed 2023
Previous assessed
$71,731
+0.0% YoY
Effective rate
12.90%
On assessed value
Assessed land
$44,847
Assessed improvement
$26,884
Land market value
$407,700
Improvement market value
$244,400
Total market value
$652,100
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
1997
Construction
STEEL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
12,352 SF
Lot
1.17 ac (50,965 SF)
Zoning code
CS
APN
58265-73-01-20840
UPID
US69-0507846
Jurisdiction
TULSA
Zoning & alternative use
CS · Bixby, OK
Zoning CS · permitted uses
CS · Bixby, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bixby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1997
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Osage Creek Investment Group LLC
Entity
Mailing address
20921 S LEWIS AVE, MOUNDS, OK 74047-5065
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2023
$1,850,000
Osage Creek Investment Group LLC
Virgil R Kiaus JR
Warranty Deed
$1,550,000 · Virgil Klaus
Dec 9, 2020
—
Acquisition Group LLC
Virgil R Klaus JR.
Quit Claim Deed
related
—
May 9, 2017
—
Virgil R Klaus JR
—
Trustees Deed
related
$750,000 · Central Bk
Oct 5, 2009
—
Virgil R Klaus JR.
Bailey,debra L
Quit Claim Deed
related
—
Aug 24, 2007
—
Carpet Center INC
—
Trustees Deed
related
$500,000 · Valley National Bank
—
—
Virgil R Klaus JR.
—
Deed Of Trust
related
$900,000 · Valley National Bank
—
—
Virgil R Klaus JR.
—
Deed Of Trust
related
—
—
—
Carpet Center INC
—
Deed Of Trust
related
$300,000 · Valley National Bank
—
—
Virgil R Klaus JR.
—
Deed Of Trust
related
$50,000 · Valley National Bank
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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