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Property profile & analytics
OFF-MARKET
Estimated value
$5,695,000
Medical Office Space
1245 Utica Ave Tulsa, OK 74104-4214
Entity Owned
10-yr Hold
Free & Clear
Property ID
US69-0233811
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
CONCRETE
Total area
46,758 SF
Lot
3.89 ac (169,623 SF)
Zoning code
PUD
APN
35100-93-07-15900
UPID
US69-0233811
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
-
Utica Park Clinic - 12th & Utica Medical Clinic
-
Neurology At Utica Park Clinic Medical Clinic
-
Andrew Prince, D.O. Physician
-
RML - Patient Service Center Medical Laboratory Laboratory
-
Utica Park Clinic Hematology and Oncology Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.70M
Owner & transaction history
Vtr Hillcrest Mc Tulsa LLC · 10 yrs held
Vtr Hillcrest Mc Tulsa LLC
since 2015
4 recorded transactions
Zoning & alternative use
PUD · Tulsa, OK
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,030,000
Current use
OFFICE BUILDING
$6,725,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$5.70M
Range $5.13M – $6.26M · ±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
$122 / 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
$192,394
Tax year 2023
Assessed value
$1,433,102
Assessed 2023
Previous assessed
$1,433,102
+0.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$261,195
Assessed improvement
$1,171,907
Land market value
$2,374,500
Improvement market value
$10,653,700
Total market value
$13,028,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
ZONE
Cooling
YES
Buildings
2
Stories
3
Total area
46,758 SF
Lot
3.89 ac (169,623 SF)
Zoning code
PUD
APN
35100-93-07-15900
UPID
US69-0233811
Jurisdiction
TULSA
Zoning & alternative use
PUD · Tulsa, OKZoning PUD · permitted uses
PUD · Tulsa, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$8.0M
OFFICE BUILDING
Est. value
$6.7M
MEDICAL BUILDING Current
OFFICE BUILDING
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
1989
Construction
CONCRETE
Heating
ZONE
Cooling
Yes
Stories
3
Buildings
2
Lot
3.89 ac
Current owner
From public records · entity-resolved
Vtr Hillcrest Mc Tulsa LLC
Entity
Free & Clear · 10 yrs held
Mailing address
110 W 7TH ST STE #2530, TULSA, OK 74119-1104
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2015
—
Vtr Hillcrest Mc Tulsa LLC
Ahs Tulsa Holdings LLC
Quit Claim Deed
related
—
May 25, 2010
—
Ahs Tulsa Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of America
Aug 13, 2004
$3,401,500
Ahs Tulsa Holdings LLC
Hhs Property
Grant Deed
related
$4,251,300 · Citicorp North America
—
—
Hillcrest Real Estate Dev Co
—
Deed Of Trust
related
—
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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