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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Warehouses
8939 Garnett Rd Owasso, OK 74055-4603
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US69-0707479
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
STEEL FRAME
Total area
12,070 SF
Lot
1.29 ac (56,236 SF)
Zoning code
CG
APN
57318-14-20-56510
UPID
US69-0707479
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
-
Gerber Collision & Glass Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.54M
Owner & transaction history
Tac Holdings LLC · 5 yrs held
Tac Holdings LLC
since 2020
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CG · Owasso, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Residential Mobile Home Park (RMH), Commercial General (CG), Commercial High Intensity (CH), and Industrial Heavy (IH) zoning dis tricts are carried forward from the previous version of this Code and are hereby considered “legacy” districts. All existing lots and uses within these legacy districts are considered legal and conforming, provided that they c…
Zone name
Commercial General
General category
COMMERCIAL
Zone area
276.32 ac
Source
Owasso Zoning Code PDF
Top alternative use upside
Medical building
$2.2M
+199.9%
Auto repair, garage
$2.1M
+184.7%
Commercial (general)
$1.9M
+149.0%
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 Owasso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owasso 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
$1,665,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
$1,300,000
6.5%
$1,200,000
7%
$1,115,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,230,000
Change: +200% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,115,000
Change: +185% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,850,000
Change: +149% · Conversion: Difficult
OFFICE BUILDING
$1,405,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$1,315,000
Change: +77% · Conversion: Moderate
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±10% · vs last sale $2.00M (Oct 6 2020)
Last sale anchor
$2.00M
Oct 6 2020
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
$127 / 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
$21,121
Tax year 2023
Assessed value
$193,930
Assessed 2023
Previous assessed
$193,930
+0.0% YoY
Effective rate
10.89%
On assessed value
Assessed land
$63,393
Assessed improvement
$130,537
Land market value
$576,300
Improvement market value
$1,186,700
Total market value
$1,763,000
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
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
ZONE
Cooling
YES
Buildings
2
Stories
1
Total area
12,070 SF
Lot
1.29 ac (56,236 SF)
Zoning code
CG
APN
57318-14-20-56510
UPID
US69-0707479
Jurisdiction
TULSA
Zoning & alternative use
CG · Owasso, OKZoning CG · permitted uses
CG · Owasso, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Residential Mobile Home Park (RMH), Commercial General (CG), Commercial High Intensity (CH), and Industrial Heavy (IH) zoning dis tricts are carried forward from the previous version of this Code and are hereby considered “legacy” districts. All existing lots and uses within these legacy districts are considered legal and conforming, provided that they conform to the applicable regulations of the prior version of this Code. New developments within a legacy zoning district must adhere to all applicable regulations of this Code. No property may be zoned or rezoned into a legacy zoning district after the date of adoption of this Code. For other previously existing zoning districts that are no longer d escribed in this Code, refer to the zoning district that most closely matches the district in question. The Community Development Director or their designee shall make a determination.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
276.32 ac
Source
Owasso Zoning Code PDF
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1982
Construction
STEEL FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
Tac Holdings LLC
Entity
Mailing address
3904 E RENO AVE, OKLAHOMA CITY, OK 73117-7220
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
$2,000,000
Tac Holdings LLC
Rmh Properties LLC
Special Warranty Deed
$1,568,164 · Onb Bank & Trust Co
Mar 13, 2017
—
Whistler Outdoor Advertising I
—
Grant Deed
related
$4,750,000 · Tulsa FCU
Jan 14, 2013
—
Rmh Properties LLC
Owasso Collision Specialists L
Quit Claim Deed
related
—
Dec 28, 2012
$954,500
Rmh Properties LLC
Donald E Morton And Sandra J Morton
Warranty Deed
$894,541 · Rcb Bank
Nov 21, 2008
—
Donald E Morton
—
Trustees Deed
related
$450,000 · First Bank Of Owasso
May 2, 2008
—
Donald E Morton
State Of Oklahoma Ex Rel Dept/tra
Quit Claim Deed
related
—
Nov 19, 2004
—
Donald E Morton
—
Trustees Deed
related
$50,000 · First Bank Of Owasso
—
—
Morton Donald E & S J F Trust
—
Deed Of Trust
related
$330,283 · First Bank Of Owasso
—
—
Rmh Properties LLC
—
Loan Modification
related
$965,786 · Rcb Bk
—
—
Morton Donald E & S J F Trust
—
Deed Of Trust
related
$330,283 · First Bank Of Owasso
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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