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    5505-5667 41St St Tulsa, OK 74135

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    5505-5667 41St St Tulsa, OK 74135

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    • Retail properties & Spaces
    • 96,480 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5505-5667 41St St

    Property size
    96,480 SF
    Property type
    Retail properties & Spaces

    Description

    Highland Plaza, located at 5505-5667 East 41st Street in Tulsa, Oklahoma (zip code 74135), offers prime retail space in Tulsa County. This multi-tenant commercial property totals 96,480 square feet, with a variety of options available for lease. Currently, there is 22,196 square feet of vacant space. The property is ideal for businesses seeking flexible space, with minimum leasable units starting at 1,000 square feet and maximum contiguous space available up to 5,386 square feet. The property's classification includes both retail and office space, making it suitable for a diverse range of commercial enterprises. Its location in Tulsa provides excellent access to transportation networks and a strong customer base. This presents a unique opportunity for businesses to establish a presence in a thriving commercial area. The property is situated at 36.1047517 latitude and -95.9147838 longitude. Interested parties should inquire about available space and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9148
    Latitude
    36.1048

    Comparable in this City

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      117,000 SF

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      $5,435,000
      236,837 SF

      4169 Yale Ave

      DEPARTMENT STORE • 236,837 SF
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      11,573 SF

      4775 Harvard Ave

      Neighborhood centers • 11,573 SF
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    • Value Estimation
      $4,215,000
      184,058 SF

      4143 Yale Ave

      DEPARTMENT STORE • 184,058 SF
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    • Value Estimation by Request

      4111 Harvard Ave

      Retail properties & Spaces
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    • Value Estimation
      $500,000
      26,662 SF

      4123 Harvard Ave, Unit 101

      ROADSIDE MARKET • 26,662 SF
      4123 Harvard Ave, Tulsa, OK 74135-2601
      View Details

    Similar Nearby for Sale

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      13,160 SF

      Retail Property in Midtown Tulsa

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      2,795 SF

      New Freddy’s Restaurant For Sale

      New Freddy’s restaurant with drive-thru, opening August 2025.
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    • $7,745,000
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      Tulsa Retail Investment Opportunity

      Retail property with ground lease and restaurant pad included.
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      2,130 SF

      Well-Maintained Retail Building For Sale

      2,130 SF retail building on 0.71 acre site.
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    • $151,000
      0.49 Acres

      Vacant Lot in Central Tulsa

      Ready-to-build lot near shopping, dining, and schools.
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      575 SF

      Tulsa Office Building For Sale

      18,219 SF office building available in Tulsa, Oklahoma.
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    Similar Nearby for Lease

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      15,000 SF

      1,400 SF-15,000 SF Southroads Village Shopping Center - 5321-5355 E. 41st Street

      1,400 SF-15,000 SF Southroads Village Shopping Center - 5321-5355 E. 41st Street
      5321-5355 E. 41st Street, Tulsa, OK 74135
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    • $30 SF/Yr
      5,049 SF

      Restaurant Space Available For Rent

      5,049 SF restaurant space with existing infrastructure.
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      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,200 to 4,409 SqFt.
      5300 E Skelly Dr, Tulsa, OK 74135
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    • Contact for pricing

      Retail Space with Front Parking

      Retail space with front door parking and expressway access.
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      2,501 SF

      Regional Power Center For Rent

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      5,386 SF

      Retail Space in Tulsa Mall Corridor

      Retail space for lease in high-traffic Tulsa Promenade Mall corridor.
      5527 E 41St St, Tulsa, OK 74135
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    Tulsa, OK 74135
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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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    5505-5667 41St St, Tulsa, OK, 74135

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