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Property profile & analytics
OFF-MARKET Estimated value $3,670,000
Strip malls

201 Main St Owasso, OK 74055-3436

42,390 SF 0.7 ac lot Built 2018
Entity Owned Absentee Owner Free & Clear
Property ID
US69-0939693
Property summary
AI-generated overview

This exceptional Class A mixed-use property, located at 201 S Main St in Owasso, Oklahoma, presents a compelling investment opportunity. The 33,960 square foot building, constructed in 2018, sits on a 1.91-acre lot and boasts a 7.16% cap rate. Currently 100% leased, the property features a blend of executive office and restaurant space, strategically positioned within Owasso's vibrant Redbud District. The building's high-end finishes and quality brick construction reflect its Class A designation. The asking price is $10,300,000, translating to $303.30 per square foot. The three-story building benefits from a triple net (NNN) lease structure for the retail and office components. This prime location in one of Oklahoma's fastest-growing suburbs ensures strong tenant demand and long-term investment stability. The property's varied lease terms and robust occupancy make it an attractive addition to any portfolio. Detailed financial information and lease specifics are available upon request. Don't miss this chance to acquire a high-performing asset in a thriving market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2018
Construction WOOD FRAME
Total area 42,390 SF
Lot 0.7 ac (30,361 SF)
Zoning code DM
APN 61345-14-31-57100
UPID US69-0939693
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
  • SEVEN6MAIN Shopping Center & Mall
  • Bible Church of Owasso Church
  • Allegiance Title & Escrow, LLC - Owasso Title Company Escrow Service
  • Revamped Aesthetics Spa & Massage Center Alternative Medicine Practice
  • Wilder Bros Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.07M
Blend (final) Blend
$3.67M
Owner & transaction history
OWASSO PROPERTIES INC
OWASSO PROPERTIES INC
Zoning & alternative use
DM · Owasso, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

DM Downtown Mixed PF Public Facilities (PF and DM Districts excluded from scale) The Residential Mobile Home Park (RMH), Commercial General (CG), Commercial High Intensity (CH), and Industrial Heavy (IH) zoning dis tricts are carried forward from the previous version of this Code and are hereby considered “legacy” districts. All existing lots and uses within…

Zone name Downtown Mixed
General category MIXED_USE
Zone area 51.34 ac
Source Owasso Zoning Code PDF
Top alternative use upside
Office building $4.9M +62.3%
Retail stores $4.6M +51.7%
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