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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Flex space
12804 Memorial Dr Bixby, OK 74008-2588
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US69-0666631
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Construction
STEEL FRAME
Total area
24,000 SF
Lot
3.26 ac (142,093 SF)
Zoning code
CS
APN
57661-73-02-21620
UPID
US69-0666631
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
-
T-Town South Fitness Gym & Fitness Center
-
The Golf Studio Golf Instructor
-
Risen Fitness Tulsa Gym & Fitness Center
-
WG Auto Wraps Marketing & Advertising Advertising Agency
-
Clear View of Tulsa | Residential Tint | Commercial Tint Interior Design Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.43M
Owner & transaction history
Cross Creek Project I LLC · 9 yrs held
Cross Creek Project I LLC
since 2017
6 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
Neighborhood: shopping center
$1.7M
+9.1%
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%
$2,130,000
6.5%
$1,965,000
7%
$1,825,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,580,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,720,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±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
$60 / 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
$44,130
Tax year 2023
Assessed value
$342,067
Assessed 2023
Previous assessed
$342,067
+0.0% YoY
Effective rate
12.90%
On assessed value
Assessed land
$46,893
Assessed improvement
$295,174
Land market value
$426,300
Improvement market value
$2,683,400
Total market value
$3,109,700
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
24,000 SF
Lot
3.26 ac (142,093 SF)
Zoning code
CS
APN
57661-73-02-21620
UPID
US69-0666631
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
3.26 ac
Current owner
From public records · entity-resolved
Cross Creek Project I LLC
Entity
Mailing address
7715 E 111TH ST STE #125, TULSA, OK 74133-2582
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2017
$6,900,000
Cross Creek Project I LLC
Cross Creek Office Warehouses
Trustees Deed
related
$5,520,000 · Prosperity Bk
Aug 15, 2011
—
Cross Creek Office Warehouses
—
Deed Of Trust
related
$1,024,556 · Sooner Hawk LLC
Aug 20, 2010
—
Cross Creek Office Warehouse L
—
Deed Of Trust
related
$1,090,000 · Sooner Hawk LLC
Jul 30, 2009
—
Cross Creek Office Warehouses
—
Deed Of Trust
related
$1,769,950 · Spiritbank NA
Jan 7, 2009
—
Cross Creek Office Warehouses
—
Grant Deed
related
$1,770,000 · Spiritbank NA
Dec 14, 2007
$500,000
Cross Creek Office Warehouses
Remy Ents INC
Grant Deed
$6,000,000 · Citibank NA
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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