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    9045 N 121 Ave E Owasso, OK

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    9045 N 121 Ave E Owasso, OK

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    • Strip malls
    • 30,122 SF
    • 3.52 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Retail Space in Regional Center For Lease
    $18 SF/Yr
    1,961 SF

    Retail Space in Regional Center

    Retail space in regional power center with national tenants.

    9045 N 121st E Ave, Owasso, OK
    View Listing
    Property ID
    US69-0747173
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 9045 N 121 Ave E

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    3.52 lot acres
    Property size
    30,122 SF
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    61371-14-20-41530
    APU
    61371142041530

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,989,000
      Market price range: $1.32M - $3.29M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,160,000
      Current use
      OFFICE BUILDING
      $3,505,000
      Change: +62% Conversion: Moderate
      RETAIL STORES
      $3,275,000
      Change: +52% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,980,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Owasso
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8407
    Latitude
    36.29
    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
    $56,493
    $286,649
    $230,351
    $517,000
    -
    $2,605,900
    $2,094,100
    $4,700,000

    Comparable in this City

    • Value Estimation
      $915,000
      9,800 SF

      9021 121st E Ave Ste, Unit 100

      SHOPPING CENTER, STRIP CENTER • 9,800 SF
      9021 121st E Ave Ste, Owasso, OK 74055-5373
      View Details
    • Value Estimation by Request
      3,000 SF

      11230 Garnett Rd

      SHOPPING CENTER, STRIP CENTER • 3,000 SF
      11230 Garnett Rd, Owasso, OK 74055-4257
      View Details
    • Value Estimation
      $3,820,000
      47,855 SF

      11616 86th N St

      SHOPPING CENTER, STRIP CENTER • 47,855 SF
      11616 86th N St, Owasso, OK 74055-2531
      View Details
    • Value Estimation
      $1,470,000
      40,312 SF

      12420 86th N St

      SHOPPING CENTER, STRIP CENTER • 40,312 SF
      12420 86th N St, Owasso, OK 74055-2500
      View Details
    • Value Estimation
      $940,000
      32,882 SF

      12150 96th St N Ste, Unit 100

      SHOPPING CENTER, STRIP CENTER • 32,882 SF
      12150 96th St N Ste, Owasso, OK 74055-5339
      View Details
    • Value Estimation by Request
      1,000 SF

      9100 Mingo Vly E Ext

      SHOPPING CENTER, STRIP CENTER • 1,000 SF
      9100 Mingo Vly E Ext, Owasso, OK 74055
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,960 SF

      Owasso Retail Center in Redbud

      Class A retail asset anchoring Owasso's downtown Redbud District.
      201 S Main St, Owasso, OK 74055
      View Details
    • $530,000
      1,900 SF

      Highway Frontage Commercial Building

      Newly constructed, adaptable building with high visibility and expansion potential.
      17983 E 116Th St N, Owasso, OK 74055
      View Details
    • $530,000

      Highway Frontage Mixed-Use Building

      New mixed-use building with highway frontage, expansion potential.
      17983 East 116Th St North, Owasso, OK 74055
      View Details
    • $1,199,999

      Garnett Road Commercial Real Estate

      Prime commercial real estate with high-traffic frontage on Garnett Road.
      10010 North Garnett Rd, Owasso, OK 74055
      View Details
    • $1,199,999
      5.02 Acres

      Prime Commercial Land in Owasso

      5+ acre commercial land with high-traffic Garnett Road frontage.
      10010 N Garnett Rd, Owasso, OK 74055
      View Details
    • Contact for pricing
      26,510 SF

      Industrial/Flex Property For Sale

      26,510 SqFt Industrial/Flex property with 8.32% CAP rate.
      7708 N Owasso Expy, Owasso, OK 74055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,625 SF

      Retail Space in Owasso

      Retail strip center at a busy Owasso intersection.
      8787 N Owasso Expy, Owasso, OK 74055
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Owasso

      Retail space available for lease in Owasso, Oklahoma.
      9031 N 121St East Ave, Owasso, OK 74055
      View Details
    • Contact for pricing

      Owasso Retail Space Available

      Retail space for rent in Owasso, Oklahoma.
      12105 E 96Th St, Owasso, OK 74055
      View Details
    • Contact for pricing
      1,679 SF

      Retail Space in Owasso, OK

      Retail space available for lease in Owasso, Oklahoma.
      102 S Main St, Owasso, OK 74055
      View Details
    • Contact for pricing
      1,471 SF

      Retail Space in Owasso, OK

      Retail space available for lease in Owasso, Oklahoma.
      401-435 E 2Nd Ave, Owasso, OK 74055
      View Details
    • Contact for pricing
      6,331 SF

      Retail Space in Owasso Power Center

      Retail spaces available in a high-traffic, anchored power center.
      9002 N 121 Ave E, Owasso, OK 74055
      View Details
    View Listing
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    9045 N 121 Ave E
    Owasso, OK
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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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