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    400 S Elm Pl Broken Arrow, OK 74012
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    Property profile & analytics

    400 S Elm Pl Broken Arrow, OK 74012

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    • Commercial real estate
    • 5,145 SF
    • 0.97 lot acres
    For Lease
    $17 SF/Yr
    View Listing →
    Versatile Office-Retail Space Available For Lease
    $17 SF/Yr
    600 SF

    Versatile Office-Retail Space Available

    600 sq ft office-retail space with high traffic exposure.

    400 S Elm Pl, Broken Arrow, OK
    View Listing
    Property ID
    US69-0093207
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Royal Printing & Copy Centers / (Bike/Boat/Book/etc) Store / Printing Service
    • Mission Purpose Fitness LLC / Gym & Fitness Center
    • Stat Management Medical Billing / Medical Billing Service
    • MoonBell Beadery / (Bike/Boat/Book/etc) Store
    • Premier Community Services / Social Service Agency / Charitable Organization

    Property Details for 400 S Elm Pl

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.97 lot acres
    Property size
    5,145 SF
    Zone code
    CN
    Property type
    Commercial real estate
    APN
    79150-84-10-37100
    APU
    79150841037100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $915,000
      6.5%
      $845,000
      7%
      $785,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,108,000
      Market price range: $232k - $1.11M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $965,000
      Current use
      RESTAURANT
      $1,355,000
      Change: +40% Conversion: Difficult
      MEDICAL BUILDING
      $950,000
      Change: -2% Conversion: Easy
      AUTO REPAIR, GARAGE
      $820,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.7979
    Latitude
    36.0493
    CBSA code
    46140
    CBSA name
    TULSA, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,901
    $18,546
    $34,254
    $52,800
    -
    $168,600
    $311,400
    $480,000

    Comparable in this City

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      10,680 SF

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      COMMERCIAL (GENERAL) • 10,680 SF
      1800 Granger St, Broken Arrow, OK 74012-0776
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    • Value Estimation by Request
      1.46 Acres

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      Land • 1.46 Acres
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    • Value Estimation by Request
      26.38 Acres

      Hillside Dr

      Land • 26.38 Acres
      0 Hillside Dr, Broken Arrow, OK 74012
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    • Value Estimation
      $3,530,000
      18,900 SF

      551 Oakland Pl

      COMMERCIAL (GENERAL) • 18,900 SF
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    • Value Estimation
      $525,000
      3,335 SF

      421 Washington St, Unit 423

      COMMERCIAL (GENERAL) • 3,335 SF
      421 Washington St, Broken Arrow, OK 74012-6450
      View Details
    • Value Estimation
      $975,000
      6,363 SF

      2120 Yellowood Ave

      COMMERCIAL (GENERAL) • 6,363 SF
      2120 Yellowood Ave, Broken Arrow, OK 74012-9101
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,829 SF

      Broken Arrow Land For Sale

      Commercial land with high traffic and easy highway access.
      870 W Mission St, Broken Arrow, OK 74012
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      Commercial Land on 61st Street

      Approximately 1.98 acres of commercial land for sale.
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      Broken Arrow Land Opportunity

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      Land For Sale

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      Land For Sale

      Land available for sale.
      S 177 Ave E, Broken Arrow, OK 74012
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      Broken Arrow Land For Sale

      2.78 acre lot in premier Broken Arrow business park.
      1913 W Reno St, Broken Arrow, OK 74012
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Adams Creek

      Retail spaces available in Broken Arrow's Adams Creek Town Center.
      Broken Arrow OK N 23Rd St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Broken Arrow Boutique Office Suites

      Modern office suites in thriving Broken Arrow business neighborhood.
      2005 S Elm Pl, Broken Arrow, OK 74012
      View Details
    • $8 SF/Yr
      7,443 SF

      Broken Arrow Warehouse Space Available

      7,443 SF warehouse space available for lease.
      2620 North Hemlock Cir, Broken Arrow, OK 74012
      View Details
    • $11 SF/Yr
      3,200 SF

      Medical Office Space Available

      3200 SF medical office space for rent.
      3100 S Elm Pl, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Broken Arrow

      Retail space available for lease in Broken Arrow, Oklahoma.
      816-866 S Aspen Ave, Broken Arrow, OK 74012
      View Details
    • Contact for pricing
      1,262 SF

      Industrial Warehouse Space Available

      Industrial warehouse with convenient highway access and ample parking.
      2101-2230 N Beech Ave, Broken Arrow, OK 74012
      View Details
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    Broken Arrow, OK 74012
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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.

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