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Property profile & analytics
OFF-MARKET
Estimated value
$115,000
Office buildings
307 2nd Ave Owasso, OK 74055-3202
Entity Owned
5-yr Hold
Free & Clear
Property ID
US69-0716236
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
WOOD FRAME
Total area
2,500 SF
Lot
0.52 ac (22,521 SF)
Zoning code
CG
APN
91430-14-30-11150
UPID
US69-0716236
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
-
Edward Jones - Financial Advisor: Alex Hinkle, CFP®|CRPC™ Financial Advisor
-
Edward Jones - Financial Advisor: Lilly A Velotta, AAMS® Financial Advisor
-
Read Smart Tutoring Service
-
Kum & Go Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$95k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$115k
Owner & transaction history
Glenn Capital LLC · 5 yrs held
Glenn Capital LLC
since 2021
Last sale
$149,500
3 recorded transactions
Zoning & alternative use
CG · Owasso, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Residential Mobile Home Park (RMH), Commercial General (CG), Commercial High Intensity (CH), and Industrial Heavy (IH) zoning dis tricts are carried forward from the previous version of this Code and are hereby considered “legacy” districts. All existing lots and uses within these legacy districts are considered legal and conforming, provided that they c…
Zone name
Commercial General
General category
COMMERCIAL
Zone area
276.32 ac
Source
Owasso Zoning Code PDF
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
$115,000
ML approach
$95,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$115k
Range $104k – $127k · ±10% · vs last sale $150k (Mar 5 2021)
Last sale anchor
$150k
Mar 5 2021
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
$46 / 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
$5,086
Tax year 2023
Assessed value
$46,541
Assessed 2023
Previous assessed
$61,270
-24.0% YoY
Effective rate
10.93%
On assessed value
Assessed land
$17,325
Assessed improvement
$29,216
Land market value
$157,500
Improvement market value
$265,600
Total market value
$423,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,500 SF
Lot
0.52 ac (22,521 SF)
Zoning code
CG
APN
91430-14-30-11150
UPID
US69-0716236
Jurisdiction
TULSA
Zoning & alternative use
CG · Owasso, OKZoning CG · permitted uses
CG · Owasso, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Residential Mobile Home Park (RMH), Commercial General (CG), Commercial High Intensity (CH), and Industrial Heavy (IH) zoning dis tricts are carried forward from the previous version of this Code and are hereby considered “legacy” districts. All existing lots and uses within these legacy districts are considered legal and conforming, provided that they conform to the applicable regulations of the prior version of this Code. New developments within a legacy zoning district must adhere to all applicable regulations of this Code. No property may be zoned or rezoned into a legacy zoning district after the date of adoption of this Code. For other previously existing zoning districts that are no longer d escribed in this Code, refer to the zoning district that most closely matches the district in question. The Community Development Director or their designee shall make a determination.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
276.32 ac
Source
Owasso Zoning Code PDF
Building & site characteristics
From public records
Year built
1977
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Glenn Capital LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2708 S NARCISSUS PL, BROKEN ARROW, OK 74012-6857
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2021
—
Glenn Capital LLC
—
Deed
related
$287,399 · Arvest Bank
Mar 5, 2021
$149,500
Glenn Capital LLC
Roddimeyer III LLC
Warranty Deed
—
Dec 4, 2014
$319,500
Roddimeyer III LLC
Kalies Properties LLC
Grant Deed
—
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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