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Property profile & analytics
FOR SALE
Office buildings
1116 S 129 Ave E Tulsa, OK 74108
Entity Owned
~
Est. High Equity
Property ID
US69-0737878
For Sale
$450,000
1116 S 129 Ave E, Tulsa, OK 74108
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
7,900 SF
Lot
2.07 ac (89,995 SF)
Zoning code
CS
APN
99408-94-08-11970
UPID
US69-0737878
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$910k
Owner & transaction history
L & S Overhead Door LLC
L & S Overhead Door LLC
since 2026
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
CS · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+45.0%
Auto repair, garage
$1.1M
+15.8%
Commercial (general)
$1.1M
+14.7%
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
$895,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$935,000
Current use
MEDICAL BUILDING
$1,355,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,085,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,075,000
Change: +15% · Conversion: Easy
RETAIL STORES
$860,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $900k (Jun 20 2023)
Last sale anchor
$900k
Jun 20 2023
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
$115 / 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
$6,202
Tax year 2023
Assessed value
$46,200
Assessed 2023
Previous assessed
$46,200
+0.0% YoY
Effective rate
13.42%
On assessed value
Assessed land
$19,800
Assessed improvement
$26,400
Land market value
$180,000
Improvement market value
$240,000
Total market value
$420,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,900 SF
Lot
2.07 ac (89,995 SF)
Zoning code
CS
APN
99408-94-08-11970
UPID
US69-0737878
Jurisdiction
TULSA
Zoning & alternative use
CS · Tulsa, OK
Zoning CS · permitted uses
CS · 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
OFFICE BUILDING Current
Est. value
$935,000
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$860,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
L & S Overhead Door LLC
Entity
Mailing address
PO BOX 1600, CLAREMONT, CA 91711-8600
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2026
$925,000
L & S Overhead Door LLC
1116 Tulsa LLC
Warranty Deed
$740,000 · Bancfirst
Jun 20, 2023
$900,000
1116 Tulsa LLC
Med Tech Solutions LLC
Warranty Deed
$720,000 · The Bank
Mar 13, 2019
—
Med Tech Solutions LLC
—
Trustees Deed
related
$200,000 · Security Bk
Aug 9, 2012
$400,000
Med Tech Solutions LLC
Higdon Wayne & R 1996 Trust
Grant Deed
$320,000 · Valley National Bank
—
—
Med Tech Solutions LLC
—
Loan Modification
related
$512,128 · Security Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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