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Property profile & analytics
OFF-MARKET
Estimated value
$14,985,000
Office buildings
15 5th St Ste 400 Tulsa, OK 74103-4364
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US69-0598853
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
STEEL FRAME
Total area
220,900 SF
Lot
0.32 ac (13,983 SF)
Zoning code
CBD
APN
14385-92-01-12570
UPID
US69-0598853
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
-
A SOLID VENTURES COMPANY Consultant
-
Crest Resources Professional Services
-
Rockford Energy Partners Professional Services Government
-
Pinon Energy Co Electric Utility Company
-
Energy Tubulars, Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.37M
Blend (final)
Blend
$14.99M
Owner & transaction history
Owner Name Unavailable · 20 yrs held
Owner Name Unavailable
since 2005
7 recorded transactions
Zoning & alternative use
CBD · 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
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
$24,025,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$14.99M
Range $13.49M – $16.48M · ±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
$68 / 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
$83,075
Tax year 2023
Assessed value
$618,805
Assessed 2023
Previous assessed
$589,717
+4.9% YoY
Effective rate
13.43%
On assessed value
Assessed land
$46,200
Assessed improvement
$572,605
Land market value
$420,000
Improvement market value
$5,205,500
Total market value
$5,625,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
ZONE
Cooling
YES
Stories
20
Total area
220,900 SF
Lot
0.32 ac (13,983 SF)
Zoning code
CBD
APN
14385-92-01-12570
UPID
US69-0598853
Jurisdiction
TULSA
Zoning & alternative use
CBD · Tulsa, OK
Zoning CBD · permitted uses
CBD · 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
Est. value
$24.0M
RETAIL STORES
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
1973
Construction
STEEL FRAME
Heating
ZONE
Cooling
Yes
Stories
20
Lot
0.32 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Mailing address
PO BOX 2847, TULSA, OK 74101-2847
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2018
—
First Place LLC
—
Trustees Deed
related
$30,000,000 · Deutsche Bk Ag/ny Branch
Oct 9, 2017
—
First Place LLC
—
Loan Modification
related
$33,000,000 · Pfp V Sub IV LLC
Dec 9, 2016
—
First Place LLC
—
Deed
related
$22,500,000 · Private Individual
May 1, 2009
—
First Place LLC
—
Deed Of Trust
related
$10,000,000 · Hsbc Realty Credit Corp (usa)
Apr 25, 2008
—
First Place LLC
—
Deed Of Trust
related
$10,000,000 · Hsbc Realty Credit Corp (usa)
Jan 10, 2008
—
First Place LLC
—
Deed Of Trust
related
$10,000,000 · Hsbc Realty Credit Corp (usa)
Dec 6, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
First Place Tulsa Lt Intervest
—
Deed Of Trust
related
$23,500,000 · Archon Fin
—
—
First Place LLC
—
Deed Of Trust
related
$22,500,000 · Private Individual
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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