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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Commercial real estate
51 Hwy Hwy Sand Springs, OK 74063
Entity Owned
3-yr Hold
Free & Clear
Property ID
US69-1083798
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Lot
9.59 ac (417,523 SF)
Zoning code
RMH
APN
99107-91-07-37290
UPID
US69-1083798
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
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Park 51 LLC · 3 yrs held
Park 51 LLC
since 2023
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
RMH · Sand Springs, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
G. Purposes of the RMH Residential Manufactured Home District The RMH district is designed to recognize manufactured home living as a residential use necessitating location in a residential manufactured home park development or in a residential manufactured home subdivision while requiring regulation to insure a suitable living environment. 5-3 Zoning Code o…
Zone name
Residential Manufactured Home District
General category
RESIDENTIAL
Zone area
92.79 ac
Source
SSZCCOVER 4-17-07
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
$1,060,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.09M (Jul 17 2023)
Last sale anchor
$1.09M
Jul 17 2023
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
—
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
$4,400
Tax year 2023
Assessed value
$38,500
Assessed 2023
Previous assessed
$38,500
+0.0% YoY
Effective rate
11.43%
On assessed value
Assessed land
$33,880
Assessed improvement
$4,620
Land market value
$308,000
Improvement market value
$42,000
Total market value
$350,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2008
Heating
NONE
Cooling
NONE
Units
40
Lot
9.59 ac (417,523 SF)
Zoning code
RMH
APN
99107-91-07-37290
UPID
US69-1083798
Jurisdiction
TULSA
Zoning & alternative use
RMH · Sand Springs, OKZoning RMH · permitted uses
RMH · Sand Springs, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
G. Purposes of the RMH Residential Manufactured Home District The RMH district is designed to recognize manufactured home living as a residential use necessitating location in a residential manufactured home park development or in a residential manufactured home subdivision while requiring regulation to insure a suitable living environment. 5-3 Zoning Code of the City of Sand Springs
Zone name
Residential Manufactured Home District
General category
RESIDENTIAL
Zone area
92.79 ac
Source
SSZCCOVER 4-17-07
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Cooling
Yes
Units
40
Lot
9.59 ac
Current owner
From public records · entity-resolved
Park 51 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
13636 VENTURA BLVD #622, SHERMAN OAKS, CA 91423-3700
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
$1,085,000
Park 51 LLC
Lighthouse Communities LLC
Warranty Deed
—
Oct 24, 2019
$665,000
Lighthouse Communities LLC
W W Park 51 LLC
Warranty Deed
—
Feb 21, 2017
$350,000
W W Park 51 LLC
Parrish,johnny & Winnifred
Warranty Deed
$283,941 · Bancfirst
Feb 14, 2008
$328,000
Johnny Parrish
Vineyard,billy J & Phyllis W
Warranty Deed
$300,000 · Billy J & Phyllis W Vineyard
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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