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

    15020 Memorial Dr Bixby, OK 74008-3717

    • Community centers
    • 61,360 SF
    • 6.65 lot acres
    OFF-MARKET
    Value Estimations
    $1,715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0442442
    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

    • Subway / Take-out & Catering / Catering Service
    • Daylight Donuts / Bakery / Discount Store
    • Freetimepros / Business Management Consultant
    • Native Earth Holistic and Spiritual wellness Center / Department Store
    • Spartan Nutrition / Specialty Food Shop

    Property Details for 15020 Memorial Dr

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.65 lot acres
    Property size
    61,360 SF
    Zone code
    CS
    Property type
    Community centers
    APN
    55955-73-14-51150
    APU
    55955731451150

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,431,000
      Market price range: $1.24M - $2.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bixby
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8881
    Latitude
    35.9463
    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
    $49,084
    $159,291
    $221,177
    $380,468
    -
    $1,448,100
    $2,010,700
    $3,458,800

    Comparable in this City

    • Value Estimation
      $2,180,000
      22,704 SF

      8315 111th S St

      SHOPPING CENTER, STRIP CENTER • 22,704 SF
      8315 111th S St, Bixby, OK 74008-2465
      View Details
    • Value Estimation by Request
      14,768 SF

      13330 Memorial Dr Ste, Unit 3

      SHOPPING CENTER, STRIP CENTER • 14,768 SF
      13330 Memorial Dr Ste, Bixby, OK 74008-3165
      View Details
    • Value Estimation
      $1,300,000
      13,500 SF

      12800 Memorial Dr Ste A

      SHOPPING CENTER, STRIP CENTER • 13,500 SF
      12800 Memorial Dr Ste A, Bixby, OK 74008-2577
      View Details
    • Value Estimation
      $505,000
      19,441 SF

      8108 126th S St

      SHOPPING CENTER, STRIP CENTER • 19,441 SF
      8108 126th S St, Bixby, OK 74008-2910
      View Details
    • Value Estimation
      $1,785,000
      16,476 SF

      14633 Memorial Dr

      SHOPPING CENTER, STRIP CENTER • 16,476 SF
      14633 Memorial Dr, Bixby, OK 74008-3767
      View Details
    • Value Estimation by Request
      8,654 SF

      12908 Memorial Dr

      SHOPPING CENTER, STRIP CENTER • 8,654 SF
      12908 Memorial Dr, Bixby, OK 74008-2502
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Development Outparcels For Sale

      Development outparcels for sale in Bixby, available Q2 2024.
      151 S E Ave, Bixby, OK 74008
      View Details
    • New
      $150,000
      Pending

      Automotive Service Property in Bixby

      Automotive commercial property in a rapidly growing Bixby area.
      14724 S Grant St, Bixby, OK 74008
      View Details
    • $75,000
      1.00 Acre

      Residential Lot in Bixby, OK

      One-acre wooded lot near Bixhoma Lake, Bixby schools.
      154Th East Ave, Bixby, OK 74008
      View Details
    • $611,582
      1.17 Acres

      Bixby Land: Prime Commercial Lot

      1.17 Acres, Excellent Location, $611,582
      131st & Mingo B, Bixby, OK 74008
      View Details
    • $2,900,000
      9,870 SF

      Bixby Church on Memorial Drive

      9,870 SF church on 2.48 acres with Memorial frontage.
      11710 S Memorial Dr, Bixby, OK 74008
      View Details
    • $350,000
      28.75 Acres

      Bixby OK Land with Minerals

      28.75 acres of secluded land with mineral rights near Bixby.
      S 145 Ave, Bixby, OK 74008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Retail Space in Bixby, OK

      High-visibility retail space with ample parking and flexible layout.
      8307 E 111Th St, Bixby, OK 74008
      View Details
    • $23 SF/Yr
      6,030 SF

      Bixby Office Space for Lease

      6,030 sq ft office, modern amenities
      7619 E 126th St S | Bixby, OK 74008, Bixby, OK 74008
      View Details
    • $23 SF/Yr
      6,039 SF

      Bixby Office Space: Two Levels Available

      6,039 SF Office; Two-Level Suite
      7619 E 126th St S | Bixby, OK 74008, Bixby, OK 74008
      View Details
    • $500 /Mo
      15,000 SF

      Office Space with Gym Membership

      Office space for lease, short term available, gym membership included.
      7690 East 126Th St South, Bixby, OK 74008
      View Details
    • Contact for pricing
      2,100 SF

      Bixby Flex Space For Lease

      Flex space with overhead doors and central HVAC for lease.
      8315 E 111Th St S, Bixby, OK 74008
      View Details
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    Bixby, OK 74008-3717
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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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