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    17 W 7Th St Tulsa, OK 74119
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    Property profile & analytics

    17 W 7Th St, Tulsa, OK 74119

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    • Hotels
    • 133,370 SF
    • 0.48 lot acres
    For Lease
    $19 SF/Yr
    View Listing →
    Restaurant Space with Patio For Lease
    $19 SF/Yr
    3,570 SF

    Restaurant Space with Patio

    Restaurant space with fully built-out interior and dedicated patio.

    17 W 7th St, Tulsa, OK
    View Listing
    Property ID
    US69-0313901
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tesla Destination Charger / Electric Vehicle Charging Station
    • This Machine - 7th & Boulder Station / Cycling Facility / (Bike/Boat/Book/etc) Store
    • Downtown Plaza Hotel of Tulsa / Hotel & Motel / Resort
    • Holiday Inn Tulsa City Center, an IHG Hotel / Hotel & Motel
    • 17 West Hotel, Ascend Hotel Collection / Hotel & Motel

    Property Details for 17 W 7Th St

    Year built
    1966
    Construction
    STEEL FRAME
    Lot size
    0.48 lot acres
    Zone code
    CBD
    Property type
    Hotels
    APN
    00500-92-01-40920
    APU
    500920140920

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 11, 2011 — Oht IV LLC — Deed Of Trust · related $16.1M · Great Southern Bank
    May 6, 2009 $6,740,000 Oht IV LLC Chisholm Properties Ltd Warranty Deed $4.9M · First Bank & Trust
    Sep 12, 2008 — Chisholm Properties Ltd Co — Trustees Deed · related $201k · First Bank & Trust
    Feb 6, 2008 — Chisholm Properties Ltd Co — Trustees Deed · related $2M · First Bank & Trust
    Jun 29, 2007 $3,800,000 Chisholm Properties Ltd Co Rainbow Vegas Hotel Warranty Deed $2.6M · First Bank & Trust
    — — Rainbow Vegas Hotel — Deed Of Trust · related $628k · Goodman Trust (tr)
    — — Chisholm Properties Ltd Co — Deed Of Trust · related $4.9M · First Bank & Trust
    — — Oht IV LLC — Deed Of Trust · related $14M · Arvest Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,575,000
      6.5%
      $5,145,000
      7%
      $4,780,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.99
    Latitude
    36.1496
    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
    $83,141
    $46,200
    $573,100
    $619,300
    -
    $420,000
    $5,210,000
    $5,630,000

    Comparable in this City

    • Value Estimation
      $1,495,000
      48,888 SF

      1324 Main St

      HOTEL
      1324 Main St, Tulsa, OK 74119-3218
      View Details
    • Value Estimation by Request
      0.18 Acres

      1104 Carson Ave

      VACANT COMMERCIAL LAND
      1104 Carson Ave, Tulsa, OK 74119
      View Details
    • Value Estimation by Request
      0.14 Acres

      1207 Cheyenne Ave

      PARKING GARAGE, PARKING STRUCTURE
      1207 Cheyenne Ave, Tulsa, OK 74119
      View Details
    • Value Estimation by Request
      0.14 Acres

      818 Cheyenne Ave

      PARKING GARAGE, PARKING STRUCTURE
      818 Cheyenne Ave, Tulsa, OK 74119
      View Details
    • Value Estimation by Request
      0.16 Acres

      1405 Cheyenne Ave

      PARKING GARAGE, PARKING STRUCTURE
      1405 Cheyenne Ave, Tulsa, OK 74119
      View Details
    • Value Estimation by Request
      0.13 Acres

      1511 Cheyenne Ave

      PARKING GARAGE, PARKING STRUCTURE
      1511 Cheyenne Ave, Tulsa, OK 74119
      View Details

    Similar Nearby for Sale

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      Commercial Land in Tulsa, OK

      Commercial land available for sale in Tulsa, Oklahoma.
      411 W 13Th St, Tulsa, OK 74119
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,570 SF

      Restaurant Space with Patio

      Restaurant space with fully built-out interior and dedicated patio.
      17 W 7Th St, Tulsa, OK 74119
      View Details
    • Contact for pricing

      OK, Tulsa - S Boston

      Discover many ways to work your way in OK, Tulsa - S Boston
      624 Boston Ave 1&, Tulsa, OK 74119
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      Prime Retail Space in Tulsa

      Commercial retail space in downtown Tulsa near Arts District.
      W 6Th St, Tulsa, OK 74119
      View Details
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      2,736 SF

      Tulsa Midtown Office Space Available

      Office space in Tulsa's Midtown district with flexible floor plans.
      1715 S Baltimore Ave, Tulsa, OK 74119
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with tailored options for rent.
      624 S Boston Ave, Tulsa, OK 74119
      View Details
    • Contact for pricing
      12,863 SF

      Office Space Available For Rent

      Office space available for lease in Tulsa, Oklahoma.
      1437 S Boulder Ave, Tulsa, OK 74119
      View Details
    View Listing
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    Tulsa, OK 74119
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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.

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