Back to Search
Property profile & analytics
FOR SALE
Warehouses
605 W Needles Ave Bixby, OK 74008
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US69-0295443
For Sale
1 / 18
$580,000
605 W Needles Ave, Bixby, OK 74008
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
STEEL FRAME
Total area
13,500 SF
Lot
0.88 ac (38,159 SF)
Zoning code
IL
APN
57615-73-23-00600
UPID
US69-0295443
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
Current use
Occupant on record · Public records
-
Kreolab, Inc. (Bike/Boat/Book/etc) Store
-
Fix Auto Bixby Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$580k
Owner & transaction history
Guthrie Properties LLC · 5 yrs held
Guthrie Properties LLC
since 2021
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
IL · Bixby, 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 Bixby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bixby 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
$475,000
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$830,000
Current use
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $625k (Apr 20 2021)
Last sale anchor
$625k
Apr 20 2021
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
$43 / 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
$8,869
Tax year 2023
Assessed value
$68,750
Assessed 2023
Previous assessed
$68,750
+0.0% YoY
Effective rate
12.90%
On assessed value
Assessed land
$8,393
Assessed improvement
$60,357
Land market value
$76,300
Improvement market value
$548,700
Total market value
$625,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1985
Construction
STEEL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
13,500 SF
Lot
0.88 ac (38,159 SF)
Zoning code
IL
APN
57615-73-23-00600
UPID
US69-0295443
Jurisdiction
TULSA
Zoning & alternative use
IL · Bixby, OK
Zoning IL · permitted uses
IL · Bixby, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bixby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$830,000
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Guthrie Properties LLC
Entity
Mailing address
10 E DAWES AVE, BIXBY, OK 74008-4413
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
—
Guthrie Properties LLC
—
Deed
related
$531,250 · Bancfirst
Apr 20, 2021
$625,000
Guthrie Properties LLC
Ernest L Dunning
Warranty Deed
$531,250 · Regent Bank
Oct 29, 2018
—
Ernest L Dunning
—
Deed
related
$100,000 · Central Bk/ok
May 24, 1999
$242,500
Ernest L Dunning
Zahn,henry W & Tina D
Grant Deed
$242,500 · National Bank Commerce Tr & Sa
—
—
Ernest L Dunning
—
Loan Modification
related
$100,000 · Central Bk/ok
—
—
Ernest L Dunning
—
Deed Of Trust
related
—
—
—
Ernest L Dunning
—
Deed Of Trust
related
$125,000 · Onb Bank & Trust Co
—
—
Ernest L Dunning
—
Deed Of Trust
related
$312,000 · Oklahoma National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
