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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Retail space
4016 State Hwy 97 Sand Springs, OK 74063-6673
Entity Owned
2-yr Hold
Free & Clear
Property ID
US69-0911970
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,936 SF
Lot
0.8 ac (34,804 SF)
Zoning code
CS
APN
62740-91-23-37068
UPID
US69-0911970
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
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Bd Homes LLC · 2 yrs held
Bd Homes LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CS · Sand Springs, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sand Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sand Springs 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
$1,320,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10% · vs last sale $1.32M (May 22 2024)
Last sale anchor
$1.32M
May 22 2024
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
$335 / 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
$13,064
Tax year 2023
Assessed value
$106,216
Assessed 2023
Previous assessed
$106,216
+0.0% YoY
Effective rate
12.30%
On assessed value
Assessed land
$38,258
Assessed improvement
$67,958
Land market value
$347,800
Improvement market value
$617,800
Total market value
$965,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
3,936 SF
Lot
0.8 ac (34,804 SF)
Zoning code
CS
APN
62740-91-23-37068
UPID
US69-0911970
Jurisdiction
TULSA
Zoning & alternative use
CS · Sand Springs, OK
Zoning CS · permitted uses
CS · Sand Springs, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sand Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Bd Homes LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6528 E 101ST ST STE D1, TULSA, OK 74133-6754
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
$1,320,500
Bd Homes LLC
Richette Lock
Warranty Deed
—
Mar 11, 2016
—
Lock-wang Family Trust
Lock,kenneth
Quit Claim Deed
related
—
May 22, 2014
$1,625,000
Kenneth Lock
Sand Spring Wag LLC
Special Warranty Deed
$1,100,000 · Fsgbank NA
Jan 30, 2013
$1,355,000
Sand Springs Wag LLC
Ajmats-dt Var LLC
Warranty Deed
$1,185,000 · First Federal Savings Bank
Nov 8, 2012
—
Ajmats-dt Var LLC
Stamja-dt Ok Properties LLC
Grant Deed
related
—
Sep 21, 2012
—
Ajmats-dt Var LLC
Stamja-dt Ok Properties LLC
Grant Deed
related
—
Sep 17, 2012
—
Stamja-dt Ok Properties LLC
Stephen L Lafrance Pharmacy In
Warranty Deed
related
—
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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