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Property profile & analytics
OFF-MARKET
Estimated value
$7,620,000
Flex space
301 5th Ave Owasso, OK 74055-3450
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US69-0147255
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1995
Construction
STEEL FRAME
Total area
78,257 SF
Lot
8.9 ac (387,684 SF)
Zoning code
IL
APN
91431-14-31-00950
UPID
US69-0147255
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
-
NSP Quality Meats Butcher Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.41M
Comparable Approach
Comparable
$7.08M
Blend (final)
Blend
$7.62M
Owner & transaction history
National Steak Processors LLC · 1 yrs held
National Steak Processors LLC
since 2024
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
IL · Owasso, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.0M
+133.2%
Office building
$9.1M
+77.0%
Retail stores
$8.5M
+65.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Owasso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owasso submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,945,000
6.5%
$6,410,000
7%
$5,950,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,145,000
Current use
COMMERCIAL (GENERAL)
$12,000,000
Change: +133% · Conversion: Difficult
OFFICE BUILDING
$9,105,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$8,515,000
Change: +66% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,610,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$7.62M
Range $6.86M – $8.38M · ±10% · vs last sale $8.50M (Sep 23 2024)
Last sale anchor
$8.50M
Sep 23 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$97 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$79,510
Tax year 2023
Assessed value
$727,650
Assessed 2023
Previous assessed
$693,000
+5.0% YoY
Effective rate
10.93%
On assessed value
Assessed land
$41,909
Assessed improvement
$685,741
Land market value
$416,300
Improvement market value
$6,811,700
Total market value
$7,228,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
7
Stories
1
Total area
78,257 SF
Lot
8.9 ac (387,684 SF)
Zoning code
IL
APN
91431-14-31-00950
UPID
US69-0147255
Jurisdiction
TULSA
Zoning & alternative use
IL · Owasso, OK
Zoning IL · permitted uses
IL · Owasso, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Owasso. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$12.0M
OFFICE BUILDING
Est. value
$9.1M
RETAIL STORES
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
7
Lot
8.9 ac
Current owner
From public records · entity-resolved
National Steak Processors LLC
Entity
Mailing address
301 E 5TH AVE, OWASSO, OK 74055-3450
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$8,500,000
National Steak Processors LLC
National Steak Processors LLC
Special Warranty Deed
—
Feb 25, 2022
—
National Steak Processors LLC
—
Deed
related
—
Apr 29, 2021
—
National Steak Processors LLC
—
Deed
related
$7,062,500 · Sunflower Bank NA
Dec 3, 2018
—
National Steak Processors LLC
—
Deed
related
$17,000,000 · Arvest Bank
Oct 23, 2018
—
Koutis Realty Ltd
—
Deed
related
$505,643 · American Bk/ok
Oct 12, 2016
$5,700,000
Nspa Acquisition LLC
National Steak Processors INC
Warranty Deed
—
Oct 5, 2016
—
National Steak Processors INC
—
Deed
related
$1,121,550 · First Oklahoma Bk
Apr 3, 2014
—
National Steak Processors INC
—
Trustees Deed
related
$5,000,000 · Bank Of America
—
—
Koutis Realty Ltd
—
Loan Modification
related
$505,643 · American Bk/ok
—
—
National Steak Processors INC
—
Deed Of Trust
related
$5,000,000 · First Oklahoma Bank
—
—
National Steak Processors INC
—
Deed Of Trust
related
$1,121,550 · First Oklahoma Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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