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    Property profile & analytics

    15045 Elwood Ave Glenpool, OK 74033-4032

    • Office buildings
    • 6,032 SF
    • 2.74 lot acres
    OFF-MARKET
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0244777
    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

    • Kimberly McCaslin Agency / Insurance Agency
    • Rosten Homes / Construction Company / General Contractor

    Property Details for 15045 Elwood Ave

    Year built
    2021
    Lot size
    2.74 lot acres
    Property size
    6,032 SF
    Zone code
    CS
    Property type
    Office buildings
    APN
    85227-72-13-36700
    APU
    85227721336700

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,320,000
      6.5%
      $1,220,000
      7%
      $1,135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,025,000
      Market price range: $437k - $1.03M
      AI Estimate
      $773,000
      Market price range: $196k - $773k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $700,000
      Current use
      RESTAURANT
      $1,590,000
      Change: +126% Conversion: Moderate
      MEDICAL BUILDING
      $1,115,000
      Change: +59% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,060,000
      Change: +51% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $925,000
      Change: +32% Conversion: Easy
      RETAIL STORES
      $655,000
      Change: -6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenpool
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9924
    Latitude
    35.9455
    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
    $54,848
    $32,172
    $437,335
    $469,507
    -
    $313,600
    $4,262,900
    $4,576,500

    Comparable in this City

    • Value Estimation by Request
      1,961 SF

      52 145th S St

      OFFICE BUILDING • 1,961 SF
      52 145th S St, Glenpool, OK 74033-3923
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    • Value Estimation by Request
      4,216 SF

      587 146th S St

      OFFICE BUILDING • 4,216 SF
      587 146th S St, Glenpool, OK 74033
      View Details
    • Value Estimation
      $645,000
      6,358 SF

      13701 Casper St

      OFFICE BUILDING • 6,358 SF
      13701 Casper St, Glenpool, OK 74033-2611
      View Details
    • Value Estimation by Request
      58,907 SF

      12205 Yukon Ave

      OFFICE BUILDING • 58,907 SF
      12205 Yukon Ave, Glenpool, OK 74033-6635
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    • Value Estimation by Request
      1,949 SF

      464 141st St

      OFFICE BUILDING • 1,949 SF
      464 141st St, Glenpool, OK 74033-3545
      View Details
    • Value Estimation by Request
      1,736 SF

      13743 Casper St

      OFFICE BUILDING • 1,736 SF
      13743 Casper St, Glenpool, OK 74033-2611
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,000 SF

      Glenpool Office and Retail Portfolio

      Seven-building office and retail portfolio in Glenpool, Oklahoma for sale.
      15085 S Elwood Ave, Glenpool, OK 74033
      View Details
    • Contact for pricing

      Highway Frontage Development Opportunity

      15+/- acres on Hwy 75, prime for development.
      17920 S Union Ave, Glenpool, OK 74033
      View Details
    • New
      $180,000
      1,500 SF

      Glenpool Luxury Garage Condo

      Premium storage and flex space near Highway 75.
      16571 S Broadway St W, Glenpool, OK 74033
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      Glenpool Commercial Development Land

      Commercial development land in Glenpool, Oklahoma, south of Tulsa.
      161st 171St St, Glenpool, OK 74033
      View Details
    • $650,000

      20 Acres with Hilltop Views

      20 acres with hilltop views, convenient location near Highway 75.
      12933 S 33Rd West Ave, Glenpool, OK 74033
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    • Contact for pricing
      3,756 SF

      Established Glenpool Restaurant Opportunity

      Long-standing restaurant serving the Glenpool community for 29 years.
      14750 S Casper St, Glenpool, OK 74033
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo
      1,200 SF

      Glenpool Remodeled Commercial Office Space

      Remodeled office space in the heart of Glenpool, Oklahoma.
      719 E 141St St, Glenpool, OK 74033
      View Details
    • Contact for pricing

      Glenpool Mixed-Use Development Land

      25+/- acre mixed-use development with high visibility.
      151st 0.75-6 Acres, Glenpool, OK 74033
      View Details
    • Contact for pricing
      8,450 SF

      Retail Space in Glenpool Corridor

      Retail space available in Glenpool's newest mixed-use corridor.
      151St St, Glenpool, OK 74033
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space in Glenpool Corridor

      Retail space for lease in high-visibility Glenpool mixed-use corridor.
      151St St, Glenpool, OK 74033
      View Details
    • Contact for pricing

      Glenpool Restaurant with Drive-Thru

      Restaurant space with drive-thru and signage available for lease.
      13101 S Elwood Ave, Glenpool, OK 74033
      View Details
    • Contact for pricing

      Retail Development Land for Lease

      Retail development land with high visibility and traffic count.
      NE Cor 151 & Hwy 75, Glenpool, OK 74033
      View Details
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    15045 Elwood Ave
    Glenpool, OK 74033-4032
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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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