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Property profile & analytics
FOR LEASE
Retail space
1314 E 3Rd St Tulsa, OK 74120
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US69-0524607
For Lease
1 / 4
$16 SF/Yr
1314 E 3Rd St, Tulsa, OK 74120
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
WOOD FRAME
Total area
8,370 SF
Lot
0.32 ac (13,983 SF)
Zoning code
CH
APN
24275-93-06-16660
UPID
US69-0524607
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
-
Forge. Tulsa Gym & Fitness Center
-
Physiques by Monique Gym & Fitness Center
-
YES Emergency Dentist Dental Office
-
Mindful Body Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$384k
Blend (final)
Blend
$635k
Owner & transaction history
Tb Forge LLC · 13 yrs held
Tb Forge LLC
since 2012
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
CH · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$990,000
+8.9%
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
RETAIL STORES
$910,000
Current use
OFFICE BUILDING
$990,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $800k (Jun 16 2024)
Last sale anchor
$800k
Jun 16 2024
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
$76 / 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
$4,662
Tax year 2023
Assessed value
$34,727
Assessed 2023
Previous assessed
$34,727
+0.0% YoY
Effective rate
13.42%
On assessed value
Assessed land
$6,479
Assessed improvement
$28,248
Land market value
$58,900
Improvement market value
$256,800
Total market value
$315,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1960
Construction
WOOD FRAME
Heating
ZONE
Cooling
YES
Stories
2
Total area
8,370 SF
Lot
0.32 ac (13,983 SF)
Zoning code
CH
APN
24275-93-06-16660
UPID
US69-0524607
Jurisdiction
TULSA
Zoning & alternative use
CH · Tulsa, OK
Zoning CH · permitted uses
CH · 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
RETAIL STORES Current
Est. value
$910,000
OFFICE BUILDING
Est. value
$990,000
RETAIL STORES 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
1960
Construction
WOOD FRAME
Heating
ZONE
Cooling
Yes
Stories
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Tb Forge LLC
Entity
Mailing address
1915 S FLORENCE AVE, TULSA, OK 74104-6107
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2012
$175,000
Tb Forge LLC
Benjamin,leola O
Warranty Deed
$350,000 · Lobeck Lee M Trust (pt)
Apr 2, 2008
—
Ethan D Benjamin
Benjamin,leola O
Quit Claim Deed
related
—
Jul 7, 1998
$160,000
Leola Odessa Benjamin
Jones,patsy E Tr
Grant Deed
$130,000 · Jones Patsy E Trustee
—
—
Leola O Benjamin
—
Deed Of Trust
related
$113,699 · Jones Trust
—
—
Ethan Benjamin
—
Deed Of Trust
related
$99,103 · Jones Patsy E Trust (tr)
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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