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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Medical Office Space
12106 Memorial Dr Bixby, OK 74008-2508
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0236040
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
WOOD FRAME
Total area
5,092 SF
Lot
0.66 ac (28,793 SF)
Zoning code
CS
APN
55869-73-02-58850
UPID
US69-0236040
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
-
Dental Care of Bixby Dental Office
-
Bret Anderson, DDS - Inactive Dental Office
-
Todd L. Davis, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$499k
Blend (final)
Blend
$775k
Owner & transaction history
Schweitzer Rsp LLC · 8 yrs held
Schweitzer Rsp LLC
since 2017
7 recorded transactions
Zoning & alternative use
CS · Bixby, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is designed to accommodate convenience, neighborhood, subcommunity and regional shopping centers, providing a wide range of retail and personal service uses.
Zone name
Commercial Shopping Center
General category
COMMERCIAL
Zone area
946.48 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 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%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$940,000
Current use
AUTO REPAIR, GARAGE
$895,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$780,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$152 / 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
$21,678
Tax year 2023
Assessed value
$168,036
Assessed 2023
Previous assessed
$168,036
+0.0% YoY
Effective rate
12.90%
On assessed value
Assessed land
$75,350
Assessed improvement
$92,686
Land market value
$685,000
Improvement market value
$842,600
Total market value
$1,527,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
5,092 SF
Lot
0.66 ac (28,793 SF)
Zoning code
CS
APN
55869-73-02-58850
UPID
US69-0236040
Jurisdiction
TULSA
Zoning & alternative use
CS · Bixby, OKZoning CS · permitted uses
CS · 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 convenience, neighborhood, subcommunity and regional shopping centers, providing a wide range of retail and personal service uses.
Zone name
Commercial Shopping Center
General category
COMMERCIAL
Zone area
946.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$780,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2011
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Schweitzer Rsp LLC
Entity
Mailing address
30915 N 138TH ST, SCOTTSDALE, AZ 85262-7942
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2021
—
Schweitzer Rsp LLC
—
Deed
related
$1,450,000 · Oklahoma Fidelity Bank
Dec 28, 2017
$2,237,000
Schweitzer Rsp LLC
Broadstone Md Oklahoma LLC
Grant Deed
$1,436,400 · Unify Fin'l FCU
Jan 9, 2012
$1,514,500
Broadstone Md Oklahoma LLC
Teagan Properties LLC
Grant Deed
—
May 23, 2011
—
Teagan Properties LLC
—
Trustees Deed
related
$1,000,000 · Rcb Bank
Dec 6, 2010
$685,000
Teagan Properties LLC
Lukeland LLC
Grant Deed
—
Oct 7, 2010
$516,000
Lukeland LLC
Retail Buildings INC
Grant Deed
$525,000 · Grand Bank For Savings Fsb
Oct 7, 2010
—
Retail Buildings INC
Ramsey Bill J Trust
Quit Claim Deed
related
—
Sep 1, 2010
—
Retail Buildings INC
Whb Co INC
Quit Claim Deed
related
—
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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