Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    241 Aspen Ave Broken Arrow, OK 74012-2203

    • Flex space
    • 15,400 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0527796
    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

    • Blue Haven Pools & Spas / General Contractor

    Property Details for 241 Aspen Ave

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.96 lot acres
    Property size
    15,400 SF
    Zone code
    IH
    Property type
    Flex space
    APN
    79350-84-10-30100
    APU
    79350841030100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $849,000
      Market price range: $461k - $1.55M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,010,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,105,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8148
    Latitude
    36.0539
    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
    $9,963
    $27,720
    $48,510
    $76,230
    -
    $252,000
    $441,000
    $693,000

    Comparable in this City

    • Value Estimation by Request
      13,600 SF

      737 Freeport St

      LIGHT INDUSTRIAL • 13,600 SF
      737 Freeport St, Broken Arrow, OK 74012-2406
      View Details
    • Value Estimation
      $535,000
      9,976 SF

      1105 Detroit St

      LIGHT INDUSTRIAL • 9,976 SF
      1105 Detroit St, Broken Arrow, OK 74012-3635
      View Details
    • Value Estimation by Request
      3,040 SF

      740 Elgin St

      LIGHT INDUSTRIAL • 3,040 SF
      740 Elgin St, Broken Arrow, OK 74012-2401
      View Details
    • Value Estimation by Request
      6,000 SF

      1212 Memphis St

      LIGHT INDUSTRIAL • 6,000 SF
      1212 Memphis St, Broken Arrow, OK 74012-5807
      View Details
    • Value Estimation by Request
      12,350 SF

      1109 Houston St

      LIGHT INDUSTRIAL • 12,350 SF
      1109 Houston St, Broken Arrow, OK 74012-4426
      View Details
    • Value Estimation
      $2,435,000
      61,264 SF

      2309 Sweet Gum Ave

      LIGHT INDUSTRIAL • 61,264 SF
      2309 Sweet Gum Ave, Broken Arrow, OK 74012-2399
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,720 SF

      Broken Arrow Office/Warehouse Facility

      Office/warehouse facility in Broken Arrow's 6100 Center light industrial park.
      2005 N Willow Ave, Broken Arrow, OK 74012
      View Details
    • $2,700,000
      40.00 Acres

      Prime Broken Arrow Industrial Land

      40-acre industrial lot, excellent location.
      1533 College St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Rose District Development Opportunity

      Commercial land in the heart of the Rose District.
      824 S Main St, Broken Arrow, OK 74012
      View Details
    • $700,000

      Commercial Land on Hillside Drive

      1.15-acre commercial land for sale in Broken Arrow, Oklahoma.
      2339 E Hillside Dr, Broken Arrow, OK 74012
      View Details
    • $2,461,497
      18.83 Acres

      18.83 Acres Development Land

      Prime Broken Arrow location, A-1 zoning.
      0 51St St, Broken Arrow, OK 74012
      View Details
    • $3,500,000
      11.84 Acres

      Prime Broken Arrow Development Land

      11.84 Acres, Excellent Frontage
      & Garnett Creek Tpke, Broken Arrow, OK 74012
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      12,000 SF

      2,000 SF Flex Space Available

      Move-in ready flex space with warehouse and drive-in door.
      Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      3,095 SF

      Office/Warehouse/Flex Service Center

      Office/Warehouse/Flex Service Center Free-Standing Building in Broken Arrow, OK
      2117 N Yellowood Ave, Broken Arrow, OK 74012
      View Details
    • $9 SF/Yr
      12,000 SF

      Birch Flex Industrial: Prime Space Available

      Modern Flex Warehouse, 2,000 SF Vacant
      1150 Birch Ave, Broken Arrow, OK 74012
      View Details
    • $8 SF/Yr
      1,400 SF

      Industrial Space in Broken Arrow

      1,400 SF industrial space with drive-in door for lease.
      2104 N Willow Ave, Broken Arrow, OK 74012
      View Details
    • $12 SF/Yr
      13,370 SF

      Industrial Space with Highway Access

      13,370 SF industrial space with custom office build out.
      12727 E 61St St, Broken Arrow, OK 74012
      View Details
    • $8 SF/Yr
      1,700 SF

      Broken Arrow Industrial Manufacturing Space

      1,700 sq ft Manufacturing Space Available
      2100 Willow Ave, Broken Arrow, OK 74012
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    241 Aspen Ave
    Broken Arrow, OK 74012-2203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!