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    Property profile & analytics

    501 Carlsbad St Owasso, OK 74055-2330

    • Specialty properties
    • 1,116 SF
    • 2.07 lot acres
    OFF-MARKET
    Value Estimation
    $1,730,000
    Last Sale
    May 17, 2021
    $2,150,000
    Location Intelligence
    Property ID
    US69-0035544
    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

    • Specialty properties

    Property Details for 501 Carlsbad St

    Year built
    2001
    Construction
    WOOD FRAME
    Lot size
    2.07 lot acres
    Property size
    1,116 SF
    Zone code
    RS3
    Property type
    Specialty properties
    APN
    61100-14-30-02010
    APU
    61100143002010

    Description

    This exceptional 40-unit apartment building in Owasso, Oklahoma, presents a compelling value-add investment opportunity. Located at 501 N Carlsbad St, 74055, this Class B property boasts 34,725 net rentable square feet situated on a 2.07-acre lot. The property, comprised of 12 single-story buildings, underwent extensive exterior renovations in 2021, including new windows, roofs, gutters, paint, siding, and masonry work, as well as new iron privacy fencing. Currently operating at 90% occupancy with an occupancy date of August 9th, 2024, the property features a leasing office and laundry facility. A proven interior renovation strategy is in place, projected to increase rental rates by $200-$300 per unit. The property benefits from a prime location near the Redbud District, ensuring high demand and long-term value. The strong Owasso real estate market and ongoing development in the area further enhance the investment potential. Additional community amenities are possible given the available space. 24-hour maintenance is available on call. The asking price for this well-maintained, high-potential property is $4,300,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,635,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,275,000
      6.5%
      $2,175,000
      7%
      $2,320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,165,000
      Geo Method
      $1,795,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,725,000
      Retail
      $1,930,000
      Mixed-Use
      $1,775,000
      Hospitality
      $2,325,000
      Educational
      $2,330,000
      Residential Income
      $2,040,000
      Energy
      $2,030,000
      Income-Based Land
      $1,735,000
      Food Service
      $2,195,000

    Location Insight

    • Map
    • Local Demand
    City
    Owasso
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8582
    Latitude
    36.2729
    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
    $27,059
    $19,943
    $227,689
    $247,632
    -
    $225,000
    $2,568,800
    $2,793,800

    Comparable in this City

    • Value Estimation
      $1,000,000
      10,280 SF

      13600 84th N St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 10,280 SF
      13600 84th N St, Owasso, OK 74055-8601
      View Details
    • Value Estimation
      $185,000
      3,710 SF

      116 Main St

      CREMATORIUM, MORTUARY • 3,710 SF
      116 Main St, Owasso, OK 74055-2910
      View Details
    • Value Estimation by Request
      6,061 SF

      9901 Owasso Expy

      CREMATORIUM, MORTUARY • 6,061 SF
      9901 Owasso Expy, Owasso, OK 74055-4660
      View Details
    • Value Estimation by Request
      5,000 SF

      7726 Owasso Expy

      Flex space • 5,000 SF
      7726 Owasso Expy, Owasso, OK 74055
      View Details
    • Value Estimation by Request
      4,548 SF

      9110 Garnett Rd

      CREMATORIUM, MORTUARY • 4,548 SF
      9110 Garnett Rd, Owasso, OK 74055-4401
      View Details
    • Value Estimation by Request
      33,665 SF

      8300 Owasso Expy

      PROFESSIONAL CLUBS/ASSOCIATIONS • 33,665 SF
      8300 Owasso Expy, Owasso, OK 74055-2621
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

    • Contact for pricing
      9,646 SF

      Owasso Retail Space Available

      Prime Owasso retail space, multiple suites available.
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    • Contact for pricing
      6,331 SF

      Prime Retail Space in Owasso

      Retail spaces available in a high-traffic regional power center.
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      Corner Land for Lease

      Land available on corner lot near major retailers.
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    • Contact for pricing
      1,250 SF

      Owasso Warehouse Space Available

      1250 square foot warehouse space for rent in Owasso.
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    • $15 SF/Yr
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    • $10 SF/Yr
      2,100 SF

      Adaptable Office Space Available

      2100 SF office space with open floorplan and climate control.
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      View Details
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    501 Carlsbad St
    Owasso, OK 74055-2330
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    Realmo Value Estimation

    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.

    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.

    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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