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

    500 Elm Pl Broken Arrow, OK 74012-2539

    • Office buildings
    • 1,291 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $200,000
    Show details
    Cap Rate Potential
    8.2%
    Office buildings
    Location Intelligence
    Property ID
    US69-0196023
    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

    • Family Medical Clinic / Medical Clinic
    • Chris Mathurin - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
    • Dinges Eveta S / Doctor
    • Ussery Julie R / Nursing Agency
    • Chronic Chiropractic / Chiropractor / Physical Therapy Clinic

    Property Details for 500 Elm Pl

    Year built
    1960
    Construction
    WOOD FRAME
    Lot size
    0.41 lot acres
    Property size
    1,291 SF
    Zone code
    CN
    Property type
    Office buildings
    APN
    78335-84-10-05665
    APU
    78335841005665

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $195,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $270,000
      6.5%
      $250,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $165,000
      Market price range: $99.9k - $199k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $150,000
      Current use
      COMMERCIAL (GENERAL)
      $240,000
      Change: +64% Conversion: Easy
      MEDICAL BUILDING
      $240,000
      Change: +61% Conversion: Easy
      AUTO REPAIR, GARAGE
      $205,000
      Change: +39% Conversion: Difficult
      RETAIL STORES
      $185,000
      Change: +25% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.7981
    Latitude
    36.0566
    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
    $2,185
    $9,735
    $6,985
    $16,720
    -
    $88,500
    $63,500
    $152,000

    Comparable in this City

    • Value Estimation
      $215,000
      864 SF

      534 Ft Worth St

      OFFICE BUILDING • 864 SF
      534 Ft Worth St, Broken Arrow, OK 74012-4051
      View Details
    • Value Estimation
      $250,000
      2,700 SF

      3220 Lansing St

      OFFICE BUILDING • 2,700 SF
      3220 Lansing St, Broken Arrow, OK 74012-9581
      View Details
    • Value Estimation
      $290,000
      9,890 SF

      11349 61st St

      OFFICE BUILDING • 9,890 SF
      11349 61st St, Broken Arrow, OK 74012-1272
      View Details
    • Value Estimation by Request
      4,141 SF

      708 Freeport St

      OFFICE BUILDING • 4,141 SF
      708 Freeport St, Broken Arrow, OK 74012-2405
      View Details
    • Value Estimation by Request
      15,616 SF

      585 Poplar Ave

      OFFICE BUILDING • 15,616 SF
      585 Poplar Ave, Broken Arrow, OK 74012
      View Details
    • Value Estimation
      $250,000
      1,443 SF

      2500 Fargo St

      OFFICE BUILDING • 1,443 SF
      2500 Fargo St, Broken Arrow, OK 74012
      View Details

    Similar Nearby for Sale

    • $1,800,000
      10,730 SF

      Broken Arrow Office Building

      10,730 SF office building in Broken Arrow, Oklahoma.
      505-508 W Atlanta St, Broken Arrow, OK 74012
      View Details
    • $3,200,000
      14,500 SF

      Broken Arrow Office Building Investment

      Fully leased office building for sale in Broken Arrow.
      1225-1245 N Birch Ave, Broken Arrow, OK 74012
      View Details
    • $1,450,000
      11,040 SF

      Fully Leased Office Space

      Office space for sale, conveniently located and fully leased.
      2017-2021 S Elm Pl, Broken Arrow, OK 74012
      View Details
    • $2,040,600
      10,520 SF

      Office or Medical Use Building

      Versatile building suitable for office or medical use.
      4404-4416 W Houston St, Broken Arrow, OK 74012
      View Details
    • $1,350,000
      4,500 SF

      Well-Located Office Building For Sale

      Well-maintained office building in Broken Arrow's professional district.
      1015 W Ithica St, Broken Arrow, OK 74012
      View Details
    • $1,800,000
      18,730 SF

      Broken Arrow Office Building For Sale

      Office building near Rose District and New Orleans Square.
      508 W Atlanta St, Broken Arrow, OK 74012
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      2,878 SF

      Remodeled Office Building For Rent

      Freestanding, remodeled office building with garage available for rent.
      305 N Beech Cir, Broken Arrow, OK 74012
      View Details
    • $10 SF/Yr
      13,179 SF

      Two-Story Office Space Available

      Two-story office space featuring multiple offices, conference room, and breakroom.
      1700 W Albany St, Broken Arrow, OK 74012
      View Details
    • $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 74012
      View Details
    • $16 SF/Yr
      1,700 SF

      Broken Arrow Office Space For Lease

      Office space for lease in Broken Arrow's Rose District.
      1061-1101 N Birch Ave, Broken Arrow, OK 74012
      View Details
    • $20 SF/Yr
      2,500 SF

      Broken Arrow Office Space Available

      Office suites available with abundant parking and highway access.
      1621 S Eucalyptus Ave, Broken Arrow, OK 74012
      View Details
    • $17 SF/Yr
      770 SF

      Broken Arrow Office Space Available

      Office space available for lease in Broken Arrow, Oklahoma.
      2950-3000 S Elm Pl, Broken Arrow, OK 74012
      View Details
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    500 Elm Pl
    Broken Arrow, OK 74012-2539
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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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