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Property profile & analytics
OFF-MARKET
Estimated value
$4,140,000
Strip malls
1515 Harvard Ave Ste A, Tulsa, OK 74115-4904
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US69-0317285
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,138 SF
Lot
3.53 ac (153,593 SF)
Zoning code
CS
APN
24175-03-28-03050
UPID
US69-0317285
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
-
Fresenius Kidney Care North Harvard Medical Clinic
-
Fresko Snacks Bar & Pub
-
Supermercados Morelos Grocery & Convenience Store Food Market
-
Hurlis Graham Physician
-
Med Pac Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$4.14M
Owner & transaction history
Supermercados Morelos LLC · 6 yrs held
Supermercados Morelos LLC
since 2020
6 recorded transactions
Zoning & alternative use
CS · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.9M
+64.2%
Retail stores
$6.3M
+50.8%
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
NEIGHBORHOOD: SHOPPING CENTER
$4,190,000
Current use
OFFICE BUILDING
$6,885,000
Change: +64% · Conversion: Moderate
RETAIL STORES
$6,325,000
Change: +51% · Conversion: Easy
WAREHOUSE, STORAGE
$3,985,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.14M
Range $3.73M – $4.55M · ±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
$71 / 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
$25,143
Tax year 2023
Assessed value
$187,286
Assessed 2023
Previous assessed
$178,366
+5.0% YoY
Effective rate
13.42%
On assessed value
Assessed land
$25,603
Assessed improvement
$161,683
Land market value
$384,000
Improvement market value
$2,425,000
Total market value
$2,809,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
58,138 SF
Lot
3.53 ac (153,593 SF)
Zoning code
CS
APN
24175-03-28-03050
UPID
US69-0317285
Jurisdiction
TULSA
Zoning & alternative use
CS · Tulsa, OK
Zoning CS · permitted uses
CS · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
OFFICE BUILDING
Est. value
$6.9M
RETAIL STORES
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.53 ac
Current owner
From public records · entity-resolved
Supermercados Morelos LLC
Entity
Mailing address
PO BOX 690597, TULSA, OK 74169-0597
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
—
Supermercados Morelos LLC
—
Deed
related
$250,000 · Firstar Bk
Nov 9, 2018
—
Supermercados Morelos LLC
—
Deed
related
$2,281,782 · Firstar Bank NA
Sep 15, 2017
—
Supermercados Morelos LLC
—
Deed
related
$436,000 · Firstar Bk
—
—
Supermercados Morelos LLC
—
Loan Modification
related
$250,000 · Firstar Bk
—
—
Supermercados Morelos LLC
—
Deed Of Trust
related
$436,000 · Firstar Bk
—
—
Supermercados Morelos LLC
—
Loan Modification
related
$1,612,000 · Firstar Bk
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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