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    Property profile & analytics

    1240 Harvard Ave Tulsa, OK 74115-6103

    • Office buildings
    • 1,800 SF
    • 6.78 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    5.5%
    Office buildings
    Location Intelligence
    Property ID
    US69-0400264
    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

    • Gunnebo Industries / Manufacturer / Crane Dealer

    Property Details for 1240 Harvard Ave

    Year built
    1970
    Construction
    WOOD FRAME
    Lot size
    6.78 lot acres
    Property size
    1,800 SF
    Zone code
    IM
    Property type
    Office buildings
    APN
    90332-03-32-21640
    APU
    90332033221640

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $370,000
      6.5%
      $340,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $318,000
      Market price range: $133k - $319k
      AI Estimate
      $278,000
      Market price range: $57.5k - $279k

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.942
    Latitude
    36.1731
    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
    $25,317
    $12,951
    $175,632
    $188,583
    -
    $221,500
    $3,003,800
    $3,225,300

    Comparable in this City

    • Value Estimation
      $220,000
      1,480 SF

      6902 Pne St

      OFFICE BUILDING • 1,480 SF
      6902 Pne St, Tulsa, OK 74115-5646
      View Details
    • Value Estimation by Request
      36,500 SF

      Tulsa, OK 74115

      OFFICE BUILDING • 36,500 SF
      Tulsa, OK 74115
      View Details
    • Value Estimation by Request
      17,173 SF

      3031 Erie Ave

      OFFICE BUILDING • 17,173 SF
      3031 Erie Ave, Tulsa, OK 74115-2805
      View Details
    • Value Estimation
      $235,000
      1,080 SF

      4428 Admiral Pl

      OFFICE BUILDING • 1,080 SF
      4428 Admiral Pl, Tulsa, OK 74115-7443
      View Details
    • Value Estimation
      $225,000
      1,428 SF

      3419 Admiral Pl

      OFFICE BUILDING • 1,428 SF
      3419 Admiral Pl, Tulsa, OK 74115-8209
      View Details
    • Value Estimation by Request
      1,200 SF

      3801 Harvard Ave

      OFFICE BUILDING • 1,200 SF
      3801 Harvard Ave, Tulsa, OK 74115-1109
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,075 SF

      Office Space with Garage

      Office space with garage available for lease.
      1245 N Canton Ave, Tulsa, OK 74115
      View Details
    • $695,000
      5,075 SF

      Tulsa Creative Office Space

      5,075 SF Office, Updated, Ideal Location
      1245 Canton Ave, Tulsa, OK 74115
      View Details
    • $250,000
      10,116 SF

      Historic Anne's Bakery: Tulsa Investment

      Prime Tulsa mixed-use building, high traffic.
      7 Harvard Ave, Tulsa, OK 74115
      View Details
    • $1,300,000
      10,317 SF

      Historic Corner Commercial Building

      High-visibility Tulsa building ideal for retail, office, or mixed-use.
      15 N Harvard Ave, Tulsa, OK 74115
      View Details
    • $6,250,000

      Tulsa Industrial Property for Sale

      Industrial property available for purchase in Tulsa, Oklahoma.
      1402 S 69Th East Ave, Tulsa, OK 74115
      View Details
    • $65,000

      Industrial Land For Sale

      0.95 acre industrial land with frontage on N Harvard Ave.
      N Harvard Ave E, Tulsa, OK 74115
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      3,750 SF

      Medical Clinic Space Available

      Medical clinic space featuring multiple exam rooms and large lobby.
      3336 E 32Nd Pl, Tulsa, OK 74115
      View Details
    • $7 SF/Yr
      26,000 SF

      26,000 SF Industrial Warehouse

      Industrial warehouse space available for lease in Tulsa, Oklahoma.
      5309 E Pine St, Tulsa, OK 74115
      View Details
    • $10 SF/Yr
      39,876 SF

      Admiral Shopping Center: Value-Add Opportunity

      Tulsa Retail Center - Sale or Lease
      6921 E. Admiral Place, Tulsa, OK 74115
      View Details
    • $17 SF/Yr
      1,125 SF

      Turnkey Retail Space Available

      Retail space for rent with high daily traffic count.
      3701-3703 S Harvard Ave, Tulsa, OK 74115
      View Details
    • Contact for pricing

      Prime Land Near Tulsa Airport

      58 acres of land near Tulsa International Airport terminal.
      7699 East Virgin St, Tulsa, OK 74115
      View Details
    • $13 SF/Yr
      9,000 SF

      Retail Spaces Available For Rent

      Retail spaces for rent, ranging from $1200 to $1600 monthly.
      6914-6924 E Admiral Pl, Tulsa, OK 74115
      View Details
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    1240 Harvard Ave
    Tulsa, OK 74115-6103
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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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