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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Strip malls
10301 51st St Ste A, Tulsa, OK 74146-5808
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0507317
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Construction
STEEL FRAME
Total area
16,376 SF
Lot
1.07 ac (46,783 SF)
Zoning code
IL
APN
74650-94-30-05830
UPID
US69-0507317
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Craftsmen Resources Construction Company
-
Mellow Mountain Dispensary Alternative Medicine Practice
-
EPG Service Solutions Wedding Service
-
Lost Rose Tattoo Tattoo & Piercing Shop
-
Wheelchair & Seating Clinic of Oklahoma (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.31M
Owner & transaction history
10301 E 51st LLC · 4 yrs held
10301 E 51st LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
IL · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+64.2%
Retail stores
$1.8M
+50.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tulsa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulsa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,370,000
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,180,000
Current use
OFFICE BUILDING
$1,940,000
Change: +64% · Conversion: Moderate
RETAIL STORES
$1,780,000
Change: +51% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,055,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.30M (Feb 1 2022)
Last sale anchor
$1.30M
Feb 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$80 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,318
Tax year 2023
Assessed value
$143,000
Assessed 2023
Previous assessed
$91,955
+55.5% YoY
Effective rate
13.51%
On assessed value
Assessed land
$25,740
Assessed improvement
$117,260
Land market value
$234,000
Improvement market value
$1,066,000
Total market value
$1,300,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
ZONE
Cooling
YES
Stories
1
Total area
16,376 SF
Lot
1.07 ac (46,783 SF)
Zoning code
IL
APN
74650-94-30-05830
UPID
US69-0507317
Jurisdiction
TULSA
Zoning & alternative use
IL · Tulsa, OK
Zoning IL · permitted uses
IL · Tulsa, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulsa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
10301 E 51st LLC
Entity
Mailing address
10301 E 51ST ST STE C, TULSA, OK 74146-5808
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
$1,300,000
10301 E 51st LLC
Cannon Evans Properties LLC
Warranty Deed
$150,598 · Bancfirst
Feb 14, 2019
—
Cannon Of Evans Properties
—
Deed
related
$80,566 · Security Bk
Feb 10, 2016
—
Cannon Of Evans Properties
—
Trustees Deed
related
$140,329 · Security Bk
Mar 9, 2010
—
Cannon Evans Properties
—
Trustees Deed
related
$250,431 · Security Bank
Feb 25, 2009
—
Cannon Evans Properties
—
Trustees Deed
related
$247,337 · Security Bank
Mar 13, 2008
—
Cannon Evans Properties
—
Trustees Deed
related
$250,000 · Security Bank
—
—
Cannon Of Evans Properties
—
Loan Modification
related
$80,566 · Security Bk
—
—
Cannon Evans Properties
—
Deed Of Trust
related
$250,431 · Security Bank
—
—
Cannon Evans Properties
—
Deed Of Trust
related
$250,431 · Security Bank
—
—
Cannon Of Evans Properties
—
Deed Of Trust
related
$80,329 · Security Bk
—
—
Cannon Of Evans Properties
—
Deed Of Trust
related
$110,572 · Security Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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