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    Property profile & analytics

    1510 Memorial Dr Tulsa, OK 74112-7039

    • Flex space
    • 20,000 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimations
    $885,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0318155
    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

    • Midwest Decorating Co. Inc. - Tradeshow & Event Services | Tulsa, OK / Marketing & Advertising / Event Planning
    • Crain Displays & Exhibits / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 1510 Memorial Dr

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    1.23 lot acres
    Property size
    20,000 SF
    Zone code
    CS
    Property type
    Flex space
    APN
    99311-93-11-26260
    APU
    99311931126260

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,229,000
      Market price range: $526k - $2.15M
      AI Estimate
      $577,000
      Market price range: $339k - $801k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,290,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,440,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8873
    Latitude
    36.1401
    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
    $8,976
    $20,581
    $46,277
    $66,858
    -
    $187,100
    $420,700
    $607,800

    Comparable in this City

    • Value Estimation
      $1,920,000
      51,968 SF

      1223 71st E Ave

      LIGHT INDUSTRIAL • 51,968 SF
      1223 71st E Ave, Tulsa, OK 74112-5609
      View Details
    • Value Estimation by Request
      8,640 SF

      5951 13th St

      LIGHT INDUSTRIAL • 8,640 SF
      5951 13th St, Tulsa, OK 74112-5407
      View Details
    • Value Estimation
      $3,230,000
      58,336 SF

      1354 Sheridan Rd

      LIGHT INDUSTRIAL • 58,336 SF
      1354 Sheridan Rd, Tulsa, OK 74112-5416
      View Details
    • Value Estimation by Request
      6,136 SF

      6533 11th St

      LIGHT INDUSTRIAL • 6,136 SF
      6533 11th St, Tulsa, OK 74112-4617
      View Details
    • Value Estimation by Request
      5,000 SF

      5961 12th St

      LIGHT INDUSTRIAL • 5,000 SF
      5961 12th St, Tulsa, OK 74112-5418
      View Details
    • Value Estimation by Request
      8,544 SF

      5937 12th St

      LIGHT INDUSTRIAL • 8,544 SF
      5937 12th St, Tulsa, OK 74112-5418
      View Details

    Similar Nearby for Sale

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      17,518 SF

      Tulsa Commercial Shop and Office

      Commercial shop and office building with functional layout and strong access.
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    • Contact for pricing
      2,208 SF

      Tulsa Retail Spot For Lease

      Commercial retail space available for lease in Tulsa, Oklahoma.
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    • $1,325,000
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      Prime Tulsa Commercial Land

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      Residential land available in Tulsa, Oklahoma.
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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.
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    • Contact for pricing
      8,000 SF

      Spacious Tulsa Office Building

      Two-story office building near Downtown Tulsa with versatile layout.
      6943 E 12Th St, Tulsa, OK 74112
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    Similar Nearby for Lease

    • Contact for pricing
      9,780 SF

      Tulsa Flex Space For Rent

      9,780 SF flex space with office and shop areas.
      556 N Memorial Dr, Tulsa, OK 74112
      View Details
    • $8 SF/Yr
      2,080 SF

      Climate-Controlled Warehouse with Office Space

      2,080 SF warehouse with office space for lease.
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    • $8 SF/Yr

      9,840 SF Warehouse Space

      Warehouse space available for lease at 6935 E 12th St.
      6935 E 12Th St, Tulsa, OK 74112
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    • $7 SF/Yr
      17,420 SF

      Industrial Warehouse with Recent Upgrades

      Industrial warehouse featuring new roof, HVAC, and ample electric service.
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      View Details
    • $11 SF/Yr
      17,460 SF

      Industrial Development Ready September 2025

      New industrial development designed for warehouse, distribution, or light industrial.
      6240 E 15Th St, Tulsa, OK 74112
      View Details
    • $8 SF/Yr
      9,840 SF

      9,840 SF Industrial Warehouse

      Industrial warehouse with office space and fenced yard for lease.
      6935 E 12Th St, Tulsa, OK 74112
      View Details
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    Tulsa, OK 74112-7039
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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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