Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4700 Madison Ave Tulsa, OK 74105
    Back to Search
    Property profile & analytics

    4700 Madison Ave, Tulsa, OK 74105

    View on Map
    • Apartment buildings
    • 1.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 4700 Madison Ave

    Year built
    1960
    Lot size
    1.76 lot acres
    Property type
    Apartment buildings

    Description

    This exceptional 16-unit apartment building, located at 4700 S Madison Ave, Tulsa, OK 74105, presents a compelling investment opportunity. The property, totaling 16,800 square feet of net rentable space, boasts 94% occupancy and comprises eight single-story buildings situated on a 1.76-acre lot in a quiet cul-de-sac. Built in 1960 and extensively renovated in 2023, each of the 16 units features a spacious three-bedroom layout, providing residents with ample living space. Further enhancing the appeal, each unit includes an attached garage and a fenced-in backyard, offering both convenience and privacy. The property benefits from superior craftsmanship and modern interior finishes, including all new windows and best-in-class upgrades. Its strategic location near the vibrant Brookside District provides residents with easy access to The Gathering Place and the River Parks trail system, offering a blend of urban convenience and tranquil residential living. The asking price is $3,200,000, representing a price per unit of $200,000. This property offers strong rental potential and promising returns, making it an attractive addition to any investment portfolio. Extensive siding and paint work complete the recent renovations.

    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
    -95.9798
    Latitude
    36.0957

    Comparable in this City

    • Value Estimation by Request
      0.95 Acres

      5929 Peoria Ave

      VACANT COMMERCIAL LAND
      5929 Peoria Ave, Tulsa, OK 74105-8477
      View Details
    • Value Estimation by Request
      0.19 Acres

      1208 33rd St

      VACANT COMMERCIAL LAND
      1208 33rd St, Tulsa, OK 74105-2018
      View Details
    • Value Estimation by Request
      4,958 SF

      3535 Peoria Ave

      RESTAURANT
      3535 Peoria Ave, Tulsa, OK 74105-2547
      View Details
    • Value Estimation
      $1,235,000
      9,030 SF

      3340 Peoria Ave

      RETAIL STORES (PERSONAL SERVICES)
      3340 Peoria Ave, Tulsa, OK 74105-2032
      View Details
    • Value Estimation by Request
      0.15 Acres

      4529 Peoria Ave

      VACANT COMMERCIAL LAND
      4529 Peoria Ave, Tulsa, OK 74105-4557
      View Details
    • Value Estimation by Request
      592 SF

      4320 Peoria Ave

      RESTAURANT
      4320 Peoria Ave, Tulsa, OK 74105-3924
      View Details

    Similar Nearby for Sale

    • $795,000

      Renovated Office Building For Sale

      Well-maintained 15-unit office building in prime Tulsa location.
      5553 S Peoria Ave, Tulsa, OK 74105
      View Details
    • $40,000
      0.22 Acres

      Residential Land Near Reservoir Hill

      Prime lot near Reservoir Hill and The Heights in Tulsa.
      Main St, Tulsa, OK 74105
      View Details
    • Contact for pricing
      46,005 SF

      Midtown Tulsa Redevelopment Opportunity

      Prime location with I-44 visibility and flexible zoning.
      2600-2745 E Skelly Dr, Tulsa, OK 74105
      View Details
    • $399,000

      Vacant Retail Strip Center

      Retail strip center for sale, totaling 4,240 SF.
      1206 E 58Th St, Tulsa, OK 74105
      View Details
    • $360,000
      0.29 Acres

      Cleared Double Lot in Tulsa

      Cleared double lot in Brookside with new construction nearby.
      4148 S Madison Pl, Tulsa, OK 74105
      View Details
    • Contact for pricing
      1,549 SF

      4130 S Peoria Ave, Tulsa, OK 74105

      Retail space
      4130 S Peoria Ave, Tulsa, OK 74105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Two-Story Office Space with Storage

      2,000 SF office with basement storage and reserved parking.
      5303 S Lewis Ave, Tulsa, OK 74105
      View Details
    • Contact for pricing
      250 SF

      Office Space Available For Rent

      250 square feet of office space for lease.
      4835 S Peoria Ave, Tulsa, OK 74105
      View Details
    • Contact for pricing
      670 SF

      Professional Office and Medical Spaces

      Remodeled office and medical spaces with abundant parking in Tulsa.
      2840 E 51St St, Tulsa, OK 74105
      View Details
    • Contact for pricing
      542 SF

      Central Tulsa Office Space Available

      Office spaces for rent in central Tulsa location.
      3015 E Skelly Dr, Tulsa, OK 74105
      View Details
    • Contact for pricing
      15,575 SF

      Tulsa Office Space For Rent

      Office space available for lease in Tulsa, Oklahoma.
      5727 S Lewis Ave, Tulsa, OK 74105
      View Details
    • Contact for pricing
      2,000 SF

      Office Space Near Southern Hills

      Office space for rent with security and convenient location.
      2431 E 61St St, Tulsa, OK 74105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4700 Madison Ave
    Tulsa, OK 74105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4700 Madison Ave, Tulsa, OK, 74105
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!