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    11321 60th Pl Tulsa, OK 74146-6828
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    Property profile & analytics

    11321 60th Pl Tulsa, OK 74146-6828

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    • Warehouses
    • 5,320 SF
    • 0.61 lot acres
    Off-Market
    Last Sale Dec 18, 2023
    $491,000
    Property ID
    US69-0426813
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AVP Automotive / Auto Repair Shop

    Property Details for 11321 60th Pl

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    0.61 lot acres
    Property size
    5,320 SF
    Zone code
    IL
    Property type
    Warehouses
    APN
    78045-94-32-01850
    APU
    78045943201850

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8499
    Latitude
    36.077
    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
    $4,577
    $10,088
    $23,793
    $33,881
    -
    $118,800
    $280,200
    $399,000

    Comparable in this City

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      28,800 SF

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      WAREHOUSE, STORAGE • 28,800 SF
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    • Value Estimation
      $760,000
      10,000 SF

      6028 118th E Ave

      WAREHOUSE, STORAGE • 10,000 SF
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    • Value Estimation
      $2,405,000
      58,665 SF

      5647 122nd E Ave

      WAREHOUSE, STORAGE • 58,665 SF
      5647 122nd E Ave, Tulsa, OK 74146-6912
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    • Value Estimation by Request
      1,107 SF

      4915 101st E Ave

      WAREHOUSE, STORAGE • 1,107 SF
      4915 101st E Ave, Tulsa, OK 74146
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    • Value Estimation
      $1,480,000
      26,080 SF

      10909 56th St

      WAREHOUSE, STORAGE • 26,080 SF
      10909 56th St, Tulsa, OK 74146-6710
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    • Value Estimation
      $1,105,000
      14,500 SF

      10332 58th St

      WAREHOUSE, STORAGE • 14,500 SF
      10332 58th St, Tulsa, OK 74146-6503
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,000 SF

      Functional Industrial Warehouse Opportunity

      8,000 SF industrial warehouse available for sale.
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    • $4,200,000
      Pending

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      Single tenant industrial asset in Tulsa, OK for sale.
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      2,480 SF

      Office and Warehouse Flex Space

      Flex space with office and warehouse components for sale.
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    • Contact for pricing
      10,176 SF

      Retail Center with Attached Warehouses

      Retail center with attached warehouses in a premium location.
      4722 S Mingo Rd, Tulsa, OK 74146
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    • $750,000
      3,200 SF

      Highway Visible Flex/Industrial Building

      3,200 SF flex/industrial building with highway visibility.
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    • $2,450,000

      Established Pawn and Retail Business

      Long-standing pawn and retail business with diversified revenue streams.
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    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Tulsa Warehouse Space Available

      15,000 SF warehouse with dock doors and sprinkler system.
      12027 E 51St St, Tulsa, OK 74146
      View Details
    • $6,500 /Mo
      5,320 SF

      Remodeled Flex Property with Yard

      Single-tenant flex property remodeled in 2025 with fenced yards.
      9901 E 46Th Pl, Tulsa, OK 74146
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    • Contact for pricing

      Versatile Suites in Garnett Center

      Suites with showroom and warehouse space available for lease.
      11414 East 51St St, Tulsa, OK 74146
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    • $9 SF/Yr

      Remodeled Flex Property with Fenced Yards

      Single-tenant flex property with office, showroom, and warehouse space.
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    • Contact for pricing
      5,221 SF

      Flex Space with Office/Warehouse

      Flex space featuring office, warehouse, storage, and kitchenette.
      9902 E 43Rd St, Tulsa, OK 74146
      View Details
    • Contact for pricing
      1,500 SF

      Industrial Warehouse Space Available

      1500 SF warehouse with convenient highway access for lease.
      5616 S 122 Ave E, Tulsa, OK 74146
      View Details
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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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