Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    244 Gtwy Pl Jenks, OK 74037-3448

    • Office buildings
    • 87,304 SF
    • 3.29 lot acres
    OFF-MARKET
    Last Sale
    Feb 09, 2022
    $33,298,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1640713
    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

    • Office buildings

    Property Details for 244 Gtwy Pl

    Year built
    2016
    Construction
    CONCRETE
    Lot size
    3.29 lot acres
    Property size
    87,304 SF
    Zone code
    AG
    Property type
    Office buildings
    APN
    60645-82-23-39730
    APU
    60645822339730

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jenks
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -96.0087
    Latitude
    36.0213
    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
    $464,163
    $189,200
    $3,378,540
    $3,567,740
    -
    $1,720,000
    $30,714,000
    $32,434,000

    Comparable in this City

    • Value Estimation by Request
      2,275 SF

      Ww 121st St S S St

      OFFICE BUILDING • 2,275 SF
      Ww 121st St S S St, Jenks, OK 74037
      View Details
    • Value Estimation
      $870,000
      7,351 SF

      708 Main St

      OFFICE BUILDING • 7,351 SF
      708 Main St, Jenks, OK 74037-3519
      View Details
    • Value Estimation by Request
      900 SF

      312 A St

      OFFICE BUILDING • 900 SF
      312 A St, Jenks, OK 74037-3717
      View Details
    • Value Estimation by Request
      3,909 SF

      224 6th St

      OFFICE BUILDING • 3,909 SF
      224 6th St, Jenks, OK 74037-4101
      View Details
    • Value Estimation by Request
      919 SF

      323 A St

      OFFICE BUILDING • 919 SF
      323 A St, Jenks, OK 74037-3716
      View Details
    • Value Estimation by Request
      4,285 SF

      612 B St

      OFFICE BUILDING • 4,285 SF
      612 B St, Jenks, OK 74037-4110
      View Details

    Similar Nearby for Sale

    • $1,490,000
      Pending

      Jenks Industrial Properties For Sale

      Two commercial properties with income and expansion potential in Jenks.
      395 W K Pl, Jenks, OK 74037
      View Details
    • $459,000

      Main Street Jenks Office Building

      Office building with Main Street frontage, suitable for various businesses.
      1239 Main St, Jenks, OK 74037
      View Details
    • $774,000
      10,498 SF

      Modern Retail-Office Property in Jenks

      Prime retail-office property in downtown Jenks with expansion potential.
      508 E A St, Jenks, OK 74037
      View Details
    • $2,000,000
      11,809 SF

      Church Property on Main Street

      Versatile church property in a high-traffic area off Highway 75.
      2833 W Main St, Jenks, OK 74037
      View Details
    • New
      $300,000
      Pending

      Land For Sale in Jenks

      2.505 acres of agricultural land in Jenks, Oklahoma.
      11420 S Elgin Ave, Jenks, OK 74037
      View Details
    • Contact for pricing
      1.94 Acres

      Jenks Hwy 75 Pad Site

      Prime 1.94-acre commercial lot.
      0 96Th St, Jenks, OK 74037
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      11,250 SF

      Jenks Garden Office For Lease

      Office space for lease in Jenks, available June 1, 2024.
      9222-24-26 South Elwood Ave, Jenks, OK 74037
      View Details
    • $18 SF/Yr
      2,293 SF

      Modern Office Space in Jenks

      Attractive office space in a convenient Jenks location.
      329 S Elm St, Jenks, OK 74037
      View Details
    • $14 SF/Yr
      39,648 SF

      Riverwalk Office & Retail Space

      Jenks, OK: Prime Riverfront Location
      300-1100 Riverwalk Ter, Jenks, OK 74037
      View Details
    • $13 SF/Yr
      2,650 SF

      Retail Property with Drive-Thru

      Retail property featuring a drive-thru and high visibility.
      13100 S Elwood Ave, Jenks, OK 74037
      View Details
    • $8 SF/Yr
      7,000 SF

      Industrial Space in Central Jenks

      Industrial property available for rent in central Jenks, Oklahoma.
      511 North Elm St, Jenks, OK 74037
      View Details
    • Contact for pricing
      33,600 SF

      Warehouse with Highway Access

      33,600 SF warehouse with convenient highway access.
      3014 W Main St, Jenks, OK 74037
      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.
    244 Gtwy Pl
    Jenks, OK 74037-3448
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.