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Property profile & analytics
OFF-MARKET
Estimated value
$7,870,000
Commercial real estate
139 Garnett Rd Tulsa, OK 74116-6000
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0760343
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1969
Construction
FRAME
Total area
6,230 SF
Lot
12.37 ac (538,968 SF)
Zoning code
RM1
APN
33710-04-32-11270
UPID
US69-0760343
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
-
Flats at 139 Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.87M
Owner & transaction history
Ecp Ivy Place Partners LLC · 4 yrs held
Ecp Ivy Place Partners LLC
since 2021
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
RM1 · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$6,670,000
ML approach
$7,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.87M
Range $7.08M – $8.66M · ±10% · vs last sale $8.53M (Dec 20 2021)
Last sale anchor
$8.53M
Dec 20 2021
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
$1,263 / 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
$129,699
Tax year 2023
Assessed value
$966,100
Assessed 2023
Previous assessed
$920,095
+5.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$57,996
Assessed improvement
$908,104
Land market value
$808,500
Improvement market value
$12,659,500
Total market value
$13,468,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1969
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
25
Stories
2
Total area
6,230 SF
Lot
12.37 ac (538,968 SF)
Zoning code
RM1
APN
33710-04-32-11270
UPID
US69-0760343
Jurisdiction
TULSA
Zoning & alternative use
RM1 · Tulsa, OK
Zoning RM1 · permitted uses
RM1 · 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.
Building & site characteristics
From public records
Year built
1969
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
25
Lot
12.37 ac
Current owner
From public records · entity-resolved
Ecp Ivy Place Partners LLC
Entity
Mailing address
4701 W LOVERS LN, DALLAS, TX 75209-3135
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$8,525,000
Ecp Ivy Place Partners LLC
Kitto2 Pickwick LLC
Receivers Deed
$8,044,386 · Lima One Capital LLC
Feb 10, 2016
$6,731,000
Ktto2-pickwick LLC
Tulsa Apartments LLC
Trustees Deed
$7,100,000 · Other Institutional Lenders
Dec 5, 2013
$1,700,000
Tulsa Apartments LLC
Sheriff Of Tulsa County
Trustees Deed
related
—
Oct 28, 2005
$4,274,000
Pickwick Arms Estates LLC
Coolidge Pickwick Arms LLC
Grant Deed
related
$3,578,050 · Imperial Capital Bank
Apr 12, 2002
$4,340,000
Coolidge Pickwick Arms LLC
Stone Creek LP
Grant Deed
$3,487,500 · California Federal Bank
—
—
Ktto2-pickwick LLC
—
Deed Of Trust
related
$7,714,000 · Jones Lang Lasalle Multifamily
—
—
Pickwick Arms Estates LLC
—
Deed Of Trust
related
$250,000 · R&l Mohberg Family Tr (ct)
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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