2333 W Wichita St Broken Arrow, OK 74012
Property profile & analytics
2333 W Wichita St, Broken Arrow, OK 74012
- Warehouses
- 33,392 SF
- 2.35 lot acres
Property ID
US69-2403914
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.
Location Intelligence
Current Use by Public Records
- Dream It. Do It. Oklahoma / Charitable Organization / Social Service Agency
- Hill Manufacturing / Industrial Manufacturer
- OK2Grow / Business Service Center
Property Details for 2333 W Wichita St
- Year built
- 2004
- Construction
- STEEL FRAME
- Lot size
- 2.35 lot acres
- Zone code
- IL
- Property type
- Warehouses
- APN
- 83520-84-04-16290
- APU
- 83520840416290
Description
This exceptional investment opportunity presents a 34,426-square-foot industrial manufacturing facility in Broken Arrow, Oklahoma, currently under a net lease with Hill Manufacturing & Fabrication. The property boasts a 12-year lease, commencing March 3, 2022, with 9.3 years remaining and a single 10-year option period. The lease includes a favorable 2.25% annual rent increase, ensuring consistent and growing income. The building, situated on a 2.35-acre lot, features 4,298 square feet of office space and 30,128 square feet of warehouse space, complemented by a 20-foot clear height, four loading areas (two grade level and two dock high), and excellent access to major transportation arteries, including Highway 51 (103,500+ VPD) and East 61st Street S (13,800+ VPD). The property's strong location is further supported by a population of over 212,000 residents within a 5-mile radius and an average household income exceeding $91,245 within a 1-mile radius. With a current asking price of $3,435,600, a cap rate of 6.25%, and a net operating income (NOI) of $214,725, this asset offers a compelling return on investment with minimal landlord responsibilities. The property's APN is 83520-84-04-16290, and the address is 2333 W Wichita St, Broken Arrow, OK 74012. This is an ideal asset for a 1031 exchange or an investor seeking long-term, inflation-resistant cash flow.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,880,000
- ML approach
- $2,725,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,915,000
- 6.5%
- $3,615,000
- 7%
- $3,355,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,261,000
- AI Estimate
- $2,110,000
Market price range: $1.52M - $3.26MMarket price range: $818k - $2.11M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $2,255,000 Current use
- RETAIL STORES
- $4,795,000 Change: +113% Conversion: Moderate
- OFFICE BUILDING
- $3,825,000 Change: +69% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,395,000 Change: +6% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Broken Arrow
- County
- Tulsa
- State
- Oklahoma
- Longitude
- -95.8192
- Latitude
- 36.0742
- 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
$42,880
$33,781
$294,019
$327,800
-
$307,100
$2,672,900
$2,980,000
