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    4515 102 Ave Tulsa, OK 74146
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    4515 102 Ave Tulsa, OK 74146

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    • Industrial properties
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 4515 102 Ave

    Lot size
    1.00 lot acres
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 4,000 square foot single-tenant industrial flex space is ideally situated in Tulsa County, offering unparalleled access and visibility. Located at 4515 S. 102 East Ave., the property boasts 400 feet of frontage, providing exceptional exposure to Highways 169 and 51. The building features a 13'6" ceiling height, perfect for various industrial uses. The single-story structure sits on one acre of land and is zoned IL. Inside, you'll find a well-maintained space with numerous desirable features including three-phase electrical service, a new roof, two 240,000 BTU overhead gas heaters, air conditioning, and high-bay and wall-mounted LED lighting. The office area is equipped with retractable screen workspace dividers. Security is enhanced by new 7-foot industrial security fencing. Access is convenient with a semi-circle drive and two 12' x 14' overhead doors, complemented by two 20-foot and one 40-foot rolling gates. Ample parking is available, and the space includes space-saving pallet racks. This property is available for lease only; cannabis-related businesses are not permitted. The property's central location provides easy access to all areas of Tulsa, making it an ideal choice for businesses seeking a strategic and functional workspace.

    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
    -95.8624
    Latitude
    36.0978

    Comparable in this City

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      $3,635,000
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      5555 Garnett Rd

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    • Value Estimation
      $2,150,000
      59,608 SF

      5555 104th E Ave

      LIGHT INDUSTRIAL • 59,608 SF
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    • Value Estimation
      $1,660,000
      32,571 SF

      5301 125th E Ave

      LIGHT INDUSTRIAL • 32,571 SF
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    • Value Estimation
      $1,645,000
      40,000 SF

      11626 51st St

      LIGHT INDUSTRIAL • 40,000 SF
      11626 51st St, Tulsa, OK 74146
      View Details
    • Value Estimation
      $650,000
      14,105 SF

      5333 Mingo Rd

      LIGHT INDUSTRIAL • 14,105 SF
      5333 Mingo Rd, Tulsa, OK 74146-5744
      View Details
    • Value Estimation
      $1,240,000
      27,574 SF

      4304 Mingo Rd

      LIGHT INDUSTRIAL • 27,574 SF
      4304 Mingo Rd, Tulsa, OK 74146-4734
      View Details

    Similar Nearby for Sale

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      2,480 SF

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      10,176 SF

      Retail Center with Attached Warehouses

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    Similar Nearby for Lease

    • $9 SF/Yr

      Remodeled Flex Property with Fenced Yards

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      Tulsa Flex Space For Lease

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      5,320 SF

      Remodeled Flex Property with Yard

      Single-tenant flex property remodeled in 2025 with fenced yards.
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      5,040 SF

      Mingo Road Flex Space Available

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    • Contact for pricing

      Tulsa Flex and Warehouse Space

      Flex, industrial, office, and warehouse spaces available for lease.
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    Tulsa, OK 74146
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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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