Forty North Properties, LLC
How we got $2.9M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 39% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FORTY NORTH PROPERTIES, LLC this business | $3.3M | — |
| LAKEVIEW SELF STORAGE, LLC Stillwater · 1 employees | $506K | 0.5 mi |
| ORANGE SPURS LLC Stillwater · 4 employees | $2.1M | 0.8 mi |
| American Mini Storage Stillwater | $1.7M | 1.0 mi |
| Cowboy Storage Stillwater | $1.7M | 1.4 mi |
| Public Storage Stillwater | $1.7M | 1.4 mi |
| WESLEY FOUNDATION AT STILLWATER, OKLAHOMA, INC. Stillwater · 16 employees | $5.6M | 1.4 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.6M |
| Estimate: the two combined (geometric mean) | $3.3M |
| EBITDA margin (industry, adjusted for size) | 29% |
| EBITDA = revenue × margin | $964K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $2.9M |
| Multiple for this size and industry | 3× |
| Value range | $1.5M – $4.0M |
| Revenue range | $2.2M – $3.8M |
| EBITDA range | $634K – $1.1M |
| Industry (NAICS) | Lessors of Residential Buildings and Dwellings (531110) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingFirst Western BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| First Western Bank PPP 2020 | All 2 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $41K | 8 |
About Forty North Properties, LLC
Forty North Properties, LLC is a lessors of residential buildings and dwellings company in Stillwater, Oklahoma. Its estimated annual revenue is about $3.3M, with roughly $964K of EBITDA. It has about 8 employees. Its estimated business value is $2.9M (likely range $1.5M–$4.0M).
Common questions
- Who owns Forty North Properties, LLC?
- The owner of Forty North Properties, LLC isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Forty North Properties, LLC make?
- SeeBITDA estimates Forty North Properties, LLC's annual revenue at about $3.3M (likely between $2.2M and $3.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Forty North Properties, LLC worth?
- About $2.9M, roughly 3× its estimated EBITDA of $964K, typical for a lessors of residential buildings and dwellings company its size. Likely range: $1.5M–$4.0M.
- How many employees does Forty North Properties, LLC have?
- About 8, as reported on its PPP loan.