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Property profile & analytics
OFF-MARKET Estimated value $4,900,000
Strip malls

3989 State Hwy 97 Sand Springs, OK 74063-6670

51,981 SF 4.87 ac lot Built 1986
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US69-0410572
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction WOOD FRAME
Total area 51,981 SF
Lot 4.87 ac (212,181 SF)
Zoning code CS
APN 62752-91-23-40000
UPID US69-0410572
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.79M
Blend (final) Blend
$4.90M
Owner & transaction history
Spoon Properties LLC · 1 yrs held
Spoon Properties LLC
since 2024
Last sale
$4.9M
3 recorded transactions
2024
$4.9M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CS · Sand Springs, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

to “S” in AG, CS, CG, CBD, CH, IL, IM, and IH; Appendix A: Changed title of Use Unit 24 “Mining and Mineral Processing” adding the prefix words “Extractive Operations”; Appendix B: Added references to Specific Use Permits a nd information from Chapter 25, added reference to Adult Novelty Shops, Paintball and Tattoo Parlor in Appendix B and also added a secti…

Zone name Commercial Shopping Center District
General category COMMERCIAL
Zone area 615.02 ac
Source SSZCCOVER 4-17-07
Top alternative use upside
Commercial (general) $8.0M +113.8%
Office building $6.1M +62.3%
Retail stores $5.7M +51.7%
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