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    11414 East 51St St Tulsa, OK 74146
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    Property profile & analytics

    11414 East 51St St Tulsa, OK 74146

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    • Flex space
    • 30,000 SF
    • 2.84 lot acres
    For Lease
    $1,700,000
    View Listing →
    Versatile Suites in Garnett Center For Lease
    $1,700,000
    5,000 SF

    Versatile Suites in Garnett Center

    Suites with showroom and warehouse space available for lease.

    11414 East 51st Street, Tulsa, OK 74146
    View Listing
    Property ID
    US69-0350667
    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

    • Best HVAC Parts & Supply / HVAC Service / General Contractor
    • Apria Healthcare / Home Health Care Service / Oxygen Equipment Supplier
    • Total Equipment Sales & Services / Big Box & Wholesale Store
    • Sell2Nelson / Car Dealership
    • National Seating & Mobility / Mobility Equipment Supplier / Motor Scooter Dealer

    Property Details for 11414 East 51St St

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.84 lot acres
    Property size
    30,000 SF
    Zone code
    IL
    Property type
    Flex space
    APN
    75750-94-32-00680
    APU
    75750943200680

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,405,000
      6.5%
      $2,220,000
      7%
      $2,060,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,930,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,165,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8486
    Latitude
    36.0894
    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
    $43,465
    $67,958
    $253,792
    $321,750
    -
    $617,800
    $2,307,200
    $2,925,000

    Comparable in this City

    • Value Estimation
      $1,025,000
      24,490 SF

      5151 110th E Ave

      LIGHT INDUSTRIAL • 24,490 SF
      5151 110th E Ave, Tulsa, OK 74146-5840
      View Details
    • Value Estimation
      $910,000
      20,108 SF

      12121 51st St

      LIGHT INDUSTRIAL • 20,108 SF
      12121 51st St, Tulsa, OK 74146-6016
      View Details
    • Value Estimation
      $895,000
      21,329 SF

      12437 60th St

      LIGHT INDUSTRIAL • 21,329 SF
      12437 60th St, Tulsa, OK 74146-6906
      View Details
    • Value Estimation
      $890,000
      21,200 SF

      5663 Mingo Rd

      LIGHT INDUSTRIAL • 21,200 SF
      5663 Mingo Rd, Tulsa, OK 74146-6410
      View Details
    • Value Estimation by Request
      4,560 SF

      6024 116th E Ave

      LIGHT INDUSTRIAL • 4,560 SF
      6024 116th E Ave, Tulsa, OK 74146-6821
      View Details
    • Value Estimation
      $640,000
      13,896 SF

      12111 51st St

      LIGHT INDUSTRIAL • 13,896 SF
      12111 51st St, Tulsa, OK 74146-6015
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,480 SF

      Office and Warehouse Flex Space

      Flex space with office and warehouse components for sale.
      10012 E 46Th Pl, Tulsa, OK 74146
      View Details
    • $750,000
      3,200 SF

      Highway Visible Flex/Industrial Building

      3,200 SF flex/industrial building with highway visibility.
      10115 East 45Th Pl, Tulsa, OK 74146
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    • Contact for pricing
      15,840 SF

      Tulsa Flex/Industrial Space Available

      Flex/Industrial space available for lease in Tulsa, Oklahoma.
      5441-5445 S 99Th East Ave, Tulsa, OK 74146
      View Details
    • Contact for pricing
      31,680 SF

      Tulsa Flex Space For Sale

      31,680 SF flex space at major highway crossroads.
      10025 E 44Th Pl, Tulsa, OK 74146
      View Details
    • 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
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,695 SF

      Flex Space with Office/Warehouse

      Flex space featuring office and warehouse areas for rent.
      9916 E 43Rd St, Tulsa, OK 74146
      View Details
    • Contact for pricing
      1,329 SF

      Flex Space Available For Rent

      Flex space featuring offices, storage, break area, and restroom.
      9906 E 43Rd St, Tulsa, OK 74146
      View Details
    • Contact for pricing
      1,250 SF

      Industrial Flex Space Available

      Flex space available for rent with drive-in doors.
      11626-11686 E 51St St, Tulsa, OK 74146
      View Details
    • Contact for pricing

      Tulsa Flex and Warehouse Space

      Flex, industrial, office, and warehouse spaces available for lease.
      11002 E 51St St, Tulsa, OK 74146
      View Details
    • $8 SF/Yr
      24,978 SF

      Industrial Space with Heavy Electric

      Flex space available for lease with renovations underway.
      10002 E 43Rd St, Tulsa, OK 74146
      View Details
    • Contact for pricing
      4,633 SF

      Industrial Space with Highway Exposure

      Industrial space for lease with highway exposure and signage.
      12221 E 51St St, Tulsa, OK 74146
      View Details
    View Listing
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    Tulsa, OK 74146
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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.

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