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    Property profile & analytics

    2208 Detroit St Broken Arrow, OK 74012-3629

    • Office buildings
    • 6,438 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2409112
    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

    • Neeley Pamela / Law Firm
    • Alicia Palmer - Real Estate Agent with TerraLegal / Real Estate Agency
    • The Sunshine Academy / Medical Clinic
    • Monica Judy / Physician
    • DC Appwerx LLC / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 2208 Detroit St

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.51 lot acres
    Property size
    6,438 SF
    Zone code
    CG
    Property type
    Office buildings
    APN
    78324-84-09-27530
    APU
    78324840927530

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $652,000
      Market price range: $498k - $994k
      AI Estimate
      $414,000
      Market price range: $205k - $709k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $735,000
      Current use
      AUTO REPAIR, GARAGE
      $1,025,000
      Change: +39% Conversion: Difficult
      RETAIL STORES
      $925,000
      Change: +25% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8165
    Latitude
    36.0545
    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
    $8,626
    $12,232
    $53,768
    $66,000
    -
    $111,200
    $488,800
    $600,000

    Comparable in this City

    • Value Estimation
      $2,855,000
      35,626 SF

      1700 Albany St

      OFFICE BUILDING • 35,626 SF
      1700 Albany St, Broken Arrow, OK 74012-1474
      View Details
    • Value Estimation by Request
      2,175 SF

      4440 Houston St

      OFFICE BUILDING • 2,175 SF
      4440 Houston St, Broken Arrow, OK 74012
      View Details
    • Value Estimation
      $3,410,000
      36,408 SF

      1814 Tacoma St

      OFFICE BUILDING • 36,408 SF
      1814 Tacoma St, Broken Arrow, OK 74012-1406
      View Details
    • Value Estimation
      $1,040,000
      11,100 SF

      2421 1st Pl

      OFFICE BUILDING • 11,100 SF
      2421 1st Pl, Broken Arrow, OK 74012-7880
      View Details
    • Value Estimation
      $3,720,000
      39,733 SF

      2302 1st Pl

      OFFICE BUILDING • 39,733 SF
      2302 1st Pl, Broken Arrow, OK 74012-7137
      View Details
    • Value Estimation
      $2,655,000
      28,348 SF

      220 1st St

      OFFICE BUILDING • 28,348 SF
      220 1st St, Broken Arrow, OK 74012-4152
      View Details

    Similar Nearby for Sale

    • $3,200,000
      14,500 SF

      Broken Arrow Office Building Investment

      Fully leased office building for sale in Broken Arrow.
      1225-1245 N Birch Ave, Broken Arrow, OK 74012
      View Details
    • $1,170,000
      4,500 SF

      Prime Office Building For Sale

      Well-maintained commercial office building in Broken Arrow's professional district.
      1015 W Ithica St, Broken Arrow, OK 74012
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    • Contact for pricing
      11,040 SF

      Fully Leased Office Space

      Office space for sale, conveniently located and fully leased.
      2017-2021 S Elm Pl, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      10,520 SF

      Office or Medical Use Building

      Versatile building suitable for office or medical use.
      4404-4416 W Houston St, Broken Arrow, OK 74012
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    • $2,499,000
      5,168 SF

      Broken Arrow Commercial Building For Sale

      5,168 SF commercial building in high-traffic Broken Arrow location.
      333 W Albany St, Broken Arrow, OK 74012
      View Details
    • $2,900,000
      15,445 SF

      Berkshire Medical Plaza For Sale

      Berkshire Medical Plaza For Sale
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    Similar Nearby for Lease

    • $19 SF/Yr
      2,878 SF

      Remodeled Office Building For Rent

      Freestanding, remodeled office building with garage available for rent.
      305 N Beech Cir, Broken Arrow, OK 74012
      View Details
    • $20 SF/Yr
      2,500 SF

      Broken Arrow Office Space Available

      Office suites available with abundant parking and highway access.
      1621 S Eucalyptus Ave, Broken Arrow, OK 74012
      View Details
    • $19 SF/Yr

      Broken Arrow Medical/Office Space

      2659 SF medical/office space available for lease.
      4800 W San Antonio St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      13,179 SF

      Two-Story Office Space Available

      Two-story office space featuring multiple offices, conference room, and breakroom.
      1700 W Albany St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      800 SF

      Versatile Office-Retail Space Available

      600 sq ft office-retail space with high traffic exposure.
      400 S Elm Pl, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      1,700 SF

      Broken Arrow Office Space For Lease

      Office space for lease in Broken Arrow's Rose District.
      1061-1101 N Birch Ave, Broken Arrow, OK 74012
      View Details
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    2208 Detroit St
    Broken Arrow, OK 74012-3629
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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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