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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Strip malls
12345 Memorial Dr Ste 103 Bixby, OK 74008-2570
Entity Owned
10-yr Hold
Free & Clear
Property ID
US69-2393002
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,020 SF
Lot
3.11 ac (135,428 SF)
Zoning code
CS
APN
57623-73-01-15230
UPID
US69-2393002
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
$2.30M
Blend (final)
Blend
$1.99M
Owner & transaction history
12345 S Memorial LLC · 10 yrs held
12345 S Memorial LLC
since 2016
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
Top alternative use upside
Commercial (general)
$3.2M
+113.8%
Office building
$2.4M
+62.3%
Retail stores
$2.3M
+51.7%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,505,000
Current use
COMMERCIAL (GENERAL)
$3,225,000
Change: +114% · Conversion: Easy
OFFICE BUILDING
$2,445,000
Change: +62% · Conversion: Moderate
RETAIL STORES
$2,285,000
Change: +52% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,380,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±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
$95 / 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
$37,188
Tax year 2023
Assessed value
$288,256
Assessed 2023
Previous assessed
$274,530
+5.0% YoY
Effective rate
12.90%
On assessed value
Assessed land
$71,300
Assessed improvement
$216,956
Land market value
$989,400
Improvement market value
$3,010,600
Total market value
$4,000,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Units
12
Total area
21,020 SF
Lot
3.11 ac (135,428 SF)
Zoning code
CS
APN
57623-73-01-15230
UPID
US69-2393002
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
12
Lot
3.11 ac
Current owner
From public records · entity-resolved
12345 S Memorial LLC
Entity
Free & Clear · 10 yrs held
Mailing address
12345 S MEMORIAL DR STE #120, BIXBY, OK 74008-2571
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2021
—
Boardwalk Self Storage LLC
—
Deed
related
$433,500 · Regent Bank
Jan 17, 2019
—
Boardwalk Self Storage LLC
—
Trustees Deed
related
$4,500,750 · Regent Bk
Jun 29, 2016
—
12345 S Memorial LLC
—
Deed
related
$1,870,000 · Jp Morgan Chase Bk
Feb 1, 2016
$4,000,000
12345 S Memorial LLC
Boardwalk On Memorial I LP
Warranty Deed
—
May 11, 2011
—
Boardwalk On Memorial I LP
—
Trustees Deed
related
$67,500 · Security Bank
May 13, 2010
—
Boardwalk On Memorial I LP
—
Trustees Deed
related
$2,164,779 · Security Bank
May 12, 2010
—
Helene V Byrnes Foundation
Boardwalk On Memorial I LP
Quit Claim Deed
related
—
—
—
Boardwalk On Memorial I LP
—
Deed Of Trust
related
$1,664,779 · Security Bank
—
—
On Memorial I Boardwalk
—
Deed Of Trust
related
$1,733,088 · Security Bank
—
—
12345 S Memorial LLC
—
Deed Of Trust
related
$1,870,000 · Jp Morgan Chase Bk
—
—
Boardwalk On Memorial I LP
—
Deed Of Trust
related
$2,536,000 · Security Bank
—
—
On Memorial I Boardwalk
—
Deed Of Trust
related
$1,750,000 · Security 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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