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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Strip malls
329 Elm St Jenks, OK 74037-3764
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US69-0035198
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,250 SF
Lot
1.58 ac (68,651 SF)
Zoning code
CS
APN
60605-83-19-08400
UPID
US69-0035198
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
-
Lemon Cannabis - Jenks Medical Marijuana Dispensary (Bike/Boat/Book/etc) Store
-
You Suck Vapes Jenks (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Sizzled and Styled Tanning Salon
-
Veterans Park Skate Park Sports Field & Court
-
M.C.S. Dispensary Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.66M
Owner & transaction history
Elm Street Market LLC · 11 yrs held
Elm Street Market LLC
since 2015
5 recorded transactions
Zoning & alternative use
CS · Jenks, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+62.3%
Retail stores
$2.1M
+51.7%
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 Jenks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jenks 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,380,000
Current use
OFFICE BUILDING
$2,240,000
Change: +62% · Conversion: Moderate
RETAIL STORES
$2,095,000
Change: +52% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,265,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±10%
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
$86 / 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
$26,640
Tax year 2023
Assessed value
$204,765
Assessed 2023
Previous assessed
$204,765
+0.0% YoY
Effective rate
13.01%
On assessed value
Assessed land
$60,423
Assessed improvement
$144,342
Land market value
$549,300
Improvement market value
$1,312,200
Total market value
$1,861,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
2
Total area
19,250 SF
Lot
1.58 ac (68,651 SF)
Zoning code
CS
APN
60605-83-19-08400
UPID
US69-0035198
Jurisdiction
TULSA
Zoning & alternative use
CS · Jenks, OK
Zoning CS · permitted uses
CS · Jenks, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jenks. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.58 ac
Current owner
From public records · entity-resolved
Elm Street Market LLC
Entity
Mailing address
320 S BOSTON AVE STE #200, TULSA, OK 74103-3705
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2015
$1,861,500
Elm Street Market LLC
Elm Street Market LLC
Special Warranty Deed
$1,752,000 · Bancfirst
Jan 29, 2014
—
Elm Street Market LLC
—
Trustees Deed
related
$115,239 · Onb Bk&tr
Mar 20, 2012
—
Elm Street Market LLC
Sheriff Of Tulsa County
Trustees Deed
related
$1,572,585 · Onb Bank & Trust Co
Dec 12, 2008
$2,350,000
Sitton Properties LLC
Wallace Properties INC
Warranty Deed
$1,850,000 · Onb Bank & Trust Co
—
—
Wallace Properties INC
—
Deed Of Trust
related
$213,989 · Bancfirst
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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