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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11122 71st St Tulsa, OK 74133-2549

    • Commercial real estate
    • 9,000 SF
    • 0.99 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2025
    $2,144,000
    Value Estimations
    $1,980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2410630
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Broken Arrow Beauty College / Vocational School / Training Center

    Property Details for 11122 71st St

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.99 lot acres
    Property size
    9,000 SF
    Zone code
    CO
    Property type
    Commercial real estate
    APN
    77780-84-07-12820
    APU
    77780840712820

    Description

    This 9,928 square foot storefront, built in 2000, is situated on a 0.98-acre lot at 11122 E 71st St, Tulsa, OK 74133. The property boasts 63 parking spaces and features Corridor 16 zoning, allowing for flexible retail, office, or industrial use. Inside, you'll find approximately 9,000 square feet of ground floor space plus a 928 square foot mezzanine. The layout includes eight offices, two conference rooms, a kitchen, laundry storage, and a large open area. Building amenities include an underground shelter, sprinkler system, three-phase electric, 20-foot ceilings, and abundant natural light from glass walls. The property is well-maintained and located in an established commercial area with easy access to Highway 169 and the Turnpike. The asking price is $2,690,000, translating to $270.95 per square foot. The APN is 77780-84-07-12820, and ownership is held by Real Properties, LLC. This is an owner/user investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,770,000
      6.5%
      $1,635,000
      7%
      $1,520,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,989,000
      Market price range: $384k - $2.58M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,225,000
      Current use
      MEDICAL BUILDING
      $1,545,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,235,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $1,215,000
      Change: -0% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8528
    Latitude
    36.0604
    CBSA code
    46140
    CBSA name
    TULSA, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,178
    $94,380
    $54,989
    $149,369
    -
    $858,000
    $499,900
    $1,357,900

    Comparable in this City

    • Value Estimation by Request

      Tulsa, OK 74133

      Land
      Tulsa, OK 74133
      View Details
    • Value Estimation
      $1,305,000
      10,651 SF

      9725 79th St

      COMMERCIAL (GENERAL) • 10,651 SF
      9725 79th St, Tulsa, OK 74133-4568
      View Details
    • Value Estimation by Request
      1.44 Acres

      91St Pl

      Land • 1.44 Acres
      0 91St Pl, Tulsa, OK 74133
      View Details
    • Value Estimation
      $525,000
      3,199 SF

      10032 Mingo Rd

      COMMERCIAL (GENERAL) • 3,199 SF
      10032 Mingo Rd, Tulsa, OK 74133-5700
      View Details
    • Value Estimation
      $2,460,000
      29,928 SF

      6413 Mingo Rd

      COMMERCIAL (GENERAL) • 29,928 SF
      6413 Mingo Rd, Tulsa, OK 74133-6350
      View Details
    • Value Estimation
      $1,325,000
      8,088 SF

      8641 61st St

      COMMERCIAL (GENERAL) • 8,088 SF
      8641 61st St, Tulsa, OK 74133-1302
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Located near the new VA Hospital, suitable for development.
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      South Tulsa Residential Homesite Opportunity

      Last available lot in established gated community, ideal for custom home.
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      4,754 SF

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      Commercial space at 61st & Memorial, build out to suit!
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      Premier Commercial Space For Sale

      Commercial space at 61st & Memorial, tailored to your vision.
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    Similar Nearby for Lease

    • Contact for pricing
      1,050 SF

      Retail Space Near Woodland Hills

      Retail space near Woodland Hills Mall and residential neighborhoods.
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      Retail Space Near Woodland Hills

      Retail space with convenient highway access and strong co-tenants.
      6119 S Mingo Rd, Tulsa, OK 74133
      View Details
    • $25 SF/Yr
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      Crossing Oaks Shopping Center

      South Tulsa retail space available
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    • Contact for pricing
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      Retail Space in Summit Square

      Retail space for lease in a busy Tulsa shopping center.
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    • $15 SF/Yr
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      Freestanding Retail Building For Lease

      Freestanding retail building with high visibility in a busy location.
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    • $29 SF/Yr
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      4,902 SF on 1.3 Acres Restaurant Building For Lease - 14020 N. May Avenue

      4,902 SF on 1.3 Acres Restaurant Building For Lease - 14020 N. May Avenue
      14020 N. May Avenue, Oklahoma City, OK 74133
      View Details
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    Tulsa, OK 74133-2549
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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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