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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1501 Yale Ave Tulsa, OK 74112-6217

    • Office buildings
    • 2,080 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Oct 01, 2021
    $880,000
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    3.7%
    Office buildings
    Location Intelligence
    Property ID
    US69-0304847
    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

    • Canna Land Dispensary - Tulsa / Cannabis Club / Cannabis Store
    • Canna Land Tulsa Dispensary - COMING SOON! / Cannabis Store

    Property Details for 1501 Yale Ave

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    0.37 lot acres
    Property size
    2,080 SF
    Zone code
    IM
    Property type
    Office buildings
    APN
    99310-93-10-34380
    APU
    99310931034380

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $690,000
      ML approach
      $665,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9221
    Latitude
    36.1403
    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
    $9,599
    $14,124
    $57,376
    $71,500
    -
    $128,400
    $521,600
    $650,000

    Comparable in this City

    • Value Estimation
      $155,000
      780 SF

      936 Yale Ave

      OFFICE BUILDING • 780 SF
      936 Yale Ave, Tulsa, OK 74112-4341
      View Details
    • Value Estimation by Request
      72,447 SF

      5802 15th St

      OFFICE BUILDING • 72,447 SF
      5802 15th St, Tulsa, OK 74112
      View Details
    • Value Estimation by Request
      11,133 SF

      8740 11th St

      OFFICE BUILDING • 11,133 SF
      8740 11th St, Tulsa, OK 74112-7962
      View Details
    • Value Estimation by Request
      11,620 SF

      3712 11th St

      OFFICE BUILDING • 11,620 SF
      3712 11th St, Tulsa, OK 74112-3952
      View Details
    • Value Estimation by Request
      6,154 SF

      3314 11th St

      OFFICE BUILDING • 6,154 SF
      3314 11th St, Tulsa, OK 74112-3824
      View Details
    • Value Estimation
      $230,000
      1,356 SF

      1420 Harvard Ave

      OFFICE BUILDING • 1,356 SF
      1420 Harvard Ave, Tulsa, OK 74112-5820
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
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      Tulsa Office Building For Sale

      Two-story office building near Downtown Tulsa with flexible spaces.
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    • $699,000
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      Tulsa Office Building - 11,133 SF

      Prime Tulsa office space, 0.94 acres, $699,000.
      8740 11Th St, Tulsa, OK 74112
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    • $550,000
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      Tulsa Commercial Development Opportunity

      Commercial land with high traffic and development potential in Tulsa.
      11329 E 61St St, Tulsa, OK 74112
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    • New
      $390,000
      Pending

      Route 66 Automobile Service

      Remodeled commercial property on historical Route 66 in Tulsa.
      4216 E 11Th St, Tulsa, OK 74112
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    • $1,325,000
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      Prime Tulsa Commercial Land

      ±11 Acres, Hwy 75 & 71st
      71st Hwy 75, Tulsa, OK 74112
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    • $795,000
      10,700 SF

      Industrial Building Near Airport

      10,700 SF industrial building with office and warehouse space.
      1711 N Sheridan Rd, Tulsa, OK 74112
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      2,080 SF

      Climate-Controlled Warehouse with Office Space

      2,080 SF warehouse with office space for lease.
      6512-6516 E 12Th St, Tulsa, OK 74112
      View Details
    • $27 SF/Yr
      14,918 SF

      Office Space in Tulsa, OK

      Office space for rent featuring on-site property management.
      6120 S Yale Ave, Tulsa, OK 74112
      View Details
    • $699,000
      4,100 SF

      Spacious Office with Multiple Offices

      Office space featuring multiple offices, meeting spaces, and shared amenities.
      8740 E 11Th St, Tulsa, OK 74112
      View Details
    • $27 SF/Yr
      24,336 SF

      Tulsa Office Space For Lease

      Office space available in Tulsa's nicest office park.
      6100 S Yale Ave, Tulsa, OK 74112
      View Details
    • $15 SF/Yr
      1,132 SF

      Office Space Near LaFortune Park

      Office space for lease with views of LaFortune Park.
      5200 S Yale Ave, Tulsa, OK 74112
      View Details
    • $15 SF/Yr
      4,115 SF

      Prime Tulsa Retail Space Available

      High-traffic retail space, 2,254 sq ft.
      1902 Harvard Ave, Tulsa, OK 74112
      View Details
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    1501 Yale Ave
    Tulsa, OK 74112-6217
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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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