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Property profile & analytics
OFF-MARKET
Estimated value
$5,160,000
Flex space
11605 27th N St, Tulsa, OK 74116-3666
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US69-0430313
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Construction
CONCRETE
Total area
97,139 SF
Lot
15.95 ac (694,695 SF)
Zoning code
IM
APN
01310-04-20-53500
UPID
US69-0430313
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
-
Precision Fitting & Gauge (PF&G) Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
MRC Global Factory Industrial Manufacturer
-
Precision Fitting & Gauge Corporate Office Business Park
-
Parker Store Big Box & Wholesale Store
-
Vinson Process Controls - Tulsa North Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.16M
Owner & transaction history
Tulsa Airpark Industrial LLC · 9 yrs held
Tulsa Airpark Industrial LLC
since 2017
6 recorded transactions
Zoning & alternative use
IM · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.0M
+12.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,785,000
6.5%
$7,185,000
7%
$6,670,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,255,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,005,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$5.16M
Range $4.64M – $5.68M · ±10%
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
$53 / 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
$119,893
Tax year 2023
Assessed value
$893,057
Assessed 2023
Previous assessed
$890,824
+0.3% YoY
Effective rate
13.43%
On assessed value
Assessed land
$133,716
Assessed improvement
$759,341
Land market value
$1,215,600
Improvement market value
$6,903,100
Total market value
$8,118,700
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
SPACE
Stories
1
Total area
97,139 SF
Lot
15.95 ac (694,695 SF)
Zoning code
IM
APN
01310-04-20-53500
UPID
US69-0430313
Jurisdiction
TULSA
Zoning & alternative use
IM · Tulsa, OK
Zoning IM · permitted uses
IM · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
CONCRETE
Heating
SPACE
Stories
1
Lot
15.95 ac
Current owner
From public records · entity-resolved
Tulsa Airpark Industrial LLC
Entity
Mailing address
11605 E 27TH ST N, TULSA, OK 74116-3666
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2017
$7,730,000
Tulsa Airpark Industrial LLC
Emerald Glen Building III LLC
Grant Deed
related
$10,000,000 · Miscellaneous Ins Co
Aug 15, 2011
—
Emerald Glen Building III LLC
Emerald Glen I LLC
Quit Claim Deed
$2,220,000 · Woodmen Of World Life Insuranc
Apr 5, 2007
$4,100,000
Emerald Glen I LLC
Heller Family Invs LLC
Warranty Deed
—
Apr 2, 2007
$4,100,000
Heller Family Investments LLC
Kansas City Life Insurance
Grant Deed
$2,460,000 · Kansas City Life Insurance Co
—
—
Emerald Glen Building III LLC
—
Loan Modification
related
$1,000,000 · Woodmen Of World Life Insuranc
—
—
Emerald Glen Building III LLC
—
Loan Modification
related
$1,000,000 · Woodmen Of World Life Insuranc
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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