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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    314 5Th Ave Owasso, OK 74055

    • Flex space
    • 64,800 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2367747
    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

    • Advanced Orthopedics Physical Therapy / Physical Therapy Clinic / Physical Therapist
    • Twisted Tee Golf / Indoor Golf Course
    • Martin Outdoor Tackle / Sports Club
    • ElevateMed Wellness / Medical Clinic
    • Clinch Martial Arts Academy - Owasso / Martial Arts School / School

    Property Details for 314 5Th Ave

    Year built
    2024
    Property size
    64,800 SF
    Property type
    Flex space

    Description

    This exceptional new commercial development in Owasso, Oklahoma, offers three modern industrial flex spaces, ideal for a variety of businesses. Located at 314 E 5th Ave, 74055, this property boasts a total of 64,800 square feet, with individual units ranging from 2,400 to a maximum contiguous 14,400 square feet. Built in 2024, the buildings feature 16-17 foot clear heights, 14x14 overhead doors in each unit, and climate control (8-ton unit per 2,400 sq ft). The IL zoning allows for commercial showroom, storage, and light industrial uses. Enjoy excellent highway visibility and convenient access to major roadways. Each space includes distinctive storefront and building signage opportunities. This development offers a strong tenant mix, including fitness, golf simulation, and outdoor recreation businesses. This is a prime opportunity to establish your business in a thriving Owasso location.

    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
    Owasso
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.848510714347
    Latitude
    36.257210024434

    Comparable in this City

    • $17 SF/Yr
      26,000 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space with highway visibility, completion Spring 2023.
      7102 N Owasso Expy, Owasso, OK 74055
      View Details
    • Contact for pricing
      1,250 SF

      Owasso Warehouse Space Available

      1250 square foot warehouse space for rent in Owasso.
      306 E 5Th Ave, Owasso, OK 74055
      View Details
    • $15 SF/Yr
      64,800 SF

      5th Avenue Business Park Warehouses

      Owasso, OK industrial warehouse space for lease.
      0 5Th St, Owasso, OK 74055
      View Details
    • Contact for pricing
      9,646 SF

      Owasso Retail Space Available

      Prime Owasso retail space, multiple suites available.
      0 N &, Owasso, OK 74055
      View Details
    • Contact for pricing
      6,331 SF

      Prime Retail Space in Owasso

      Retail spaces available in a high-traffic regional power center.
      9002 N 121 Ave E, Owasso, OK 74055
      View Details
    • Contact for pricing

      Corner Land for Lease

      Land available on corner lot near major retailers.
      11499 N 135Th East Ave, Owasso, OK 74055
      View Details

    Similar Nearby for Sale

    • $3,028,000
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      4500 SF Warehouse For Sale

      4500 SF warehouse featuring dock and overhead doors.
      7726 N Owasso Expy, Owasso, OK 74055
      View Details
    • Contact for pricing
      2.17 Acres

      Cambridge Park Development Land

      Owasso, OK: Prime Development Sites
      0 Hwy 169 & 129 Ave, Owasso, OK 74055
      View Details
    • $2,042,267
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      Owasso Commercial Land - 7.6 Acres

      Prime Owasso commercial land, two parcels available.
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    • $595,000
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      Owasso Commercial Land: Prime Location

      0.62 Acres, $595,000, Build-to-Suit
      12908 96Th St, Owasso, OK 74055
      View Details
    • $1,463,000
      2.55 Acres

      Owasso Commercial Land For Sale

      Corner lot in thriving commercial area, suitable for development.
      7529 N 129Th East Ave, Owasso, OK 74055
      View Details
    • $1,040,000
      0.07 Acres

      Move-In Ready Commercial Building

      Commercial property with high visibility and expansion potential.
      17983 E 116Th St N, Owasso, OK 74055
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      26,000 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space with highway visibility, completion Spring 2023.
      7102 N Owasso Expy, Owasso, OK 74055
      View Details
    • Contact for pricing
      1,250 SF

      Owasso Warehouse Space Available

      1250 square foot warehouse space for rent in Owasso.
      306 E 5Th Ave, Owasso, OK 74055
      View Details
    • $15 SF/Yr
      64,800 SF

      5th Avenue Business Park Warehouses

      Owasso, OK industrial warehouse space for lease.
      0 5Th St, Owasso, OK 74055
      View Details
    • Contact for pricing
      9,646 SF

      Owasso Retail Space Available

      Prime Owasso retail space, multiple suites available.
      0 N &, Owasso, OK 74055
      View Details
    • Contact for pricing
      6,331 SF

      Prime Retail Space in Owasso

      Retail spaces available in a high-traffic regional power center.
      9002 N 121 Ave E, Owasso, OK 74055
      View Details
    • Contact for pricing

      Corner Land for Lease

      Land available on corner lot near major retailers.
      11499 N 135Th East Ave, Owasso, OK 74055
      View Details
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    314 5Th Ave
    Owasso, OK 74055
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    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
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