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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12141 Elm St Jenks, OK 74037-3753

    • Strip malls
    • 12,300 SF
    • 8.64 lot acres
    OFF-MARKET
    Last Sale
    Jun 21, 2021
    $435,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0278803
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tricia Staiger: Allstate Insurance / Life Insurance Agency / Motorcycle Insurance Agency
    • Fitness Together / Personal Trainer / Fitness Center
    • Laizom Asian Market / Grocery Store
    • Coldwell Banker Select: Donna Borthick / Real Estate Agent
    • Gaetano's Pizzeria & Creamery / Pizza Restaurant / Ice Cream Shop

    Property Details for 12141 Elm St

    Year built
    2008
    Construction
    WOOD FRAME
    Lot size
    8.64 lot acres
    Property size
    12,300 SF
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    60999-73-06-47640
    APU
    60999730647640

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jenks
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9745
    Latitude
    35.9866
    CBSA code
    46140
    CBSA name
    TULSA, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $33,307
    $172,993
    $83,017
    $256,010
    -
    $1,884,400
    $904,300
    $2,788,700

    Comparable in this City

    • Value Estimation
      $1,660,000
      19,250 SF

      329 Elm St

      SHOPPING CENTER, STRIP CENTER • 19,250 SF
      329 Elm St, Jenks, OK 74037-3764
      View Details
    • Value Estimation
      $1,295,000
      13,474 SF

      11476 Un Ave

      SHOPPING CENTER, STRIP CENTER • 13,474 SF
      11476 Un Ave, Jenks, OK 74037-6909
      View Details
    • Value Estimation
      $5,145,000
      47,831 SF

      728 Main St

      SHOPPING CENTER, STRIP CENTER • 47,831 SF
      728 Main St, Jenks, OK 74037-3519
      View Details
    • Value Estimation
      $705,000
      6,762 SF

      802 Main St Ste, Unit 101

      SHOPPING CENTER, STRIP CENTER • 6,762 SF
      802 Main St Ste, Jenks, OK 74037-3585
      View Details
    • Value Estimation by Request
      12,280 SF

      389 Main St

      SHOPPING CENTER, STRIP CENTER • 12,280 SF
      389 Main St, Jenks, OK 74037-4132
      View Details
    • Value Estimation by Request
      7,920 SF

      620 Main St

      SHOPPING CENTER, STRIP CENTER • 7,920 SF
      620 Main St, Jenks, OK 74037-3517
      View Details

    Similar Nearby for Sale

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      180,774 SF

      Prime Jenks Outlot: 4.15 Acres

      Exceptional Jenks retail opportunity. High visibility, adjacent to major outlet mall.
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      Modern Retail-Office Property in Jenks

      Prime retail-office property in downtown Jenks with expansion potential.
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    • Contact for pricing
      73.30 Acres

      Jenks, OK Development Land

      73 Acres, Hwy 75 Visibility
      2209 121St St, Jenks, OK 74037
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    • $1,140,000
      70,757 SF

      Commercial Land in Jenks, Oklahoma

      Commercial land available in a vibrant Jenks location.
      2900 W Main St, Jenks, OK 74037
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    • Contact for pricing

      Land with Highway Visibility

      Land with signaled access and high visibility near Highway 75.
      2209 W 121St St S, Jenks, OK 74037
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    Similar Nearby for Lease

    • $18 SF/Yr
      1,401 SF

      Retail Space in Jenks

      Retail space available with ample parking and on-site management.
      500 Riverwalk Ter, Jenks, OK 74037
      View Details
    • $13 SF/Yr
      2,650 SF

      Retail Property with Drive-Thru

      Retail property featuring a drive-thru and high visibility.
      13100 S Elwood Ave, Jenks, OK 74037
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    • $11 SF/Yr
      5,000 SF

      Retail Showroom with Warehouse Space

      5,000 SF retail showroom with warehouse for lease.
      1006 W Main St, Jenks, OK 74037
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    • $20 SF/Yr
      1,590 SF

      Retail Space with Highway Visibility

      Retail space with excellent visibility and easy highway access.
      11476 S Union Ave, Jenks, OK 74037
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    • $39 SF/Yr
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      Prime Retail Space in Jenks

      Retail or restaurant space in prime Jenks Main Street location.
      105 W Main St, Jenks, OK 74037
      View Details
    • Contact for pricing
      33,600 SF

      Warehouse with Highway Access

      33,600 SF warehouse with convenient highway access.
      3014 W Main St, Jenks, OK 74037
      View Details
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    Jenks, OK 74037-3753
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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