Properties Plus, Inc.
How we got $2.4M
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
Properties Plus is a Tulsa, Oklahoma real estate company offering property management, real estate investment, and home sales in the Tulsa region, serving both residential and commercial renters and property owners.
From the company's website. Industry: Lessors of Residential Buildings and Dwellings.
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.
Employees over time
▼ 40% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 5 | $1.4M |
| 2020 | Form 5500 | 8 | $2.2M |
| 2021 | Form 5500 | 7 | $1.9M |
| 2022 | Form 5500 | 7 | $1.9M |
| 2023 | Form 5500 | 8 | $2.2M |
| 2024 | Form 5500 | 4 | $1.1M |
| 2025 | Form 5500 | 3 | $824K |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PROPERTIES PLUS, INC. this business | $2.8M | — |
| Amazon Locker - Sentence Tulsa | $1.7M | 0.3 mi |
| PAUSHA PROPERTIES LLC Tulsa · 4 employees | $2.3M | 0.4 mi |
| OIL CAPITAL LEASING & MANAGEMENT, LLC Tulsa · 3 employees | $2.6M | 0.5 mi |
| KST, LLC Tulsa · 1 employees | $679K | 0.6 mi |
| 71st Street Self Storage Tulsa | $1.7M | 0.6 mi |
| Extra Space Storage Tulsa | $1.7M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.9M |
| Estimate: the two combined (geometric mean) | $2.8M |
| EBITDA margin (industry, adjusted for size) | 29% |
| EBITDA = revenue × margin | $810K |
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 | $2.4M |
| Multiple for this size and industry | 3× |
| Value range | $1.3M – $3.3M |
| Revenue range | $1.8M – $3.2M |
| EBITDA range | $533K – $923K |
| 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
- BankingStride Bank, National AssociationPPP / 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
| Stride Bank, National Association PPP 2020 | All 504 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $46K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Properties Plus, Inc.
Properties Plus, Inc. is a lessors of residential buildings and dwellings company in Tulsa, Oklahoma, in business since 1998. Its estimated annual revenue is about $2.8M, with roughly $810K of EBITDA. It has about 3 employees. Its estimated business value is $2.4M (likely range $1.3M–$3.3M).
Common questions
- Who owns Properties Plus, Inc.?
- The owner of Properties Plus, Inc. 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 Properties Plus, Inc. make?
- SeeBITDA estimates Properties Plus, Inc.'s annual revenue at about $2.8M (likely between $1.8M and $3.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Properties Plus, Inc. worth?
- About $2.4M, roughly 3× its estimated EBITDA of $810K, typical for a lessors of residential buildings and dwellings company its size. Likely range: $1.3M–$3.3M.
- How many employees does Properties Plus, Inc. have?
- About 3, from its 2025 retirement-plan filing.
- When was Properties Plus, Inc. founded?
- Properties Plus, Inc. has been in business since 1998.