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    Property profile & analytics

    1709 King Pl Tulsa, OK 74110-4902

    • Office buildings
    • 3,784 SF
    • 4.32 lot acres
    OFF-MARKET
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0653945
    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

    • Empire Roofing / Roofing Company / General Contractor

    Property Details for 1709 King Pl

    Year built
    1938
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.32 lot acres
    Property size
    3,784 SF
    Zone code
    IM
    Property type
    Office buildings
    APN
    02275-03-31-00020
    APU
    2275033100020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $775,000
      6.5%
      $715,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $669,000
      Market price range: $280k - $670k
      AI Estimate
      $636,000
      Market price range: $137k - $637k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $450,000
      Current use
      MEDICAL BUILDING
      $650,000
      Change: +45% Conversion: Easy
      AUTO REPAIR, GARAGE
      $520,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $515,000
      Change: +15% Conversion: Easy
      RETAIL STORES
      $410,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9656
    Latitude
    36.1694
    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
    $22,795
    $20,691
    $149,105
    $169,796
    -
    $188,100
    $1,355,500
    $1,543,600

    Comparable in this City

    • Value Estimation by Request
      1,779 SF

      2434 Admiral Blvd

      OFFICE BUILDING • 1,779 SF
      2434 Admiral Blvd, Tulsa, OK 74110-5323
      View Details
    • Value Estimation by Request
      4,200 SF

      1133 Lewis Ave

      OFFICE BUILDING • 4,200 SF
      1133 Lewis Ave, Tulsa, OK 74110-4776
      View Details
    • Value Estimation by Request
      1,030 SF

      2471 Independence St

      OFFICE BUILDING • 1,030 SF
      2471 Independence St, Tulsa, OK 74110
      View Details
    • Value Estimation
      $1,165,000
      6,535 SF

      2300 Lewis Ave

      OFFICE BUILDING • 6,535 SF
      2300 Lewis Ave, Tulsa, OK 74110-2120
      View Details
    • Value Estimation by Request
      1,620 SF

      1625 Lewis Ave

      OFFICE BUILDING • 1,620 SF
      1625 Lewis Ave, Tulsa, OK 74110-2536
      View Details
    • Value Estimation
      $1,700,000
      20,241 SF

      1333 Utica Ave

      OFFICE BUILDING • 20,241 SF
      1333 Utica Ave, Tulsa, OK 74110-4662
      View Details

    Similar Nearby for Sale

    • $975,000
      6,404 SF

      Tulsa Office Building For Sale

      One-story office building featuring unique conference room and reception area.
      6940 S Utica Ave, Tulsa, OK 74110
      View Details
    • $200,000

      Vacant Commercial Land Near Highway

      Commercial land near Highway 75, suitable for various businesses.
      2429 E Apache St, Tulsa, OK 74110
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    • $175,000
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      Retail Space For Sale

      Retail space in a great business location.
      2203 N Lewis Ave, Tulsa, OK 74110
      View Details
    • Contact for pricing
      Pending

      Residential Land in Growing Tulsa

      Vacant lot ready for development near downtown Tulsa.
      3118 E Archer St, Tulsa, OK 74110
      View Details
    • $200,000
      0.61 Acres

      Vacant Commercial Land Near Highway

      Vacant commercial land suitable for various businesses near Highway 75.
      2425 E Apache St, Tulsa, OK 74110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space on South Utica

      Office space with excellent frontage and highway access.
      1768 S Utica Ave, Tulsa, OK 74110
      View Details
    • $3,200 /Mo

      Auto Repair Shop For Rent

      Auto repair shop with equipment in thriving northeast Tulsa.
      2885 E Admiral Pl, Tulsa, OK 74110
      View Details
    • Contact for pricing
      19,058 SF

      Warehouse with High Bay Cranes

      Divisible warehouse with cranes, parking, and yard space.
      2601 Dawson Rd, Tulsa, OK 74110
      View Details
    • Contact for pricing
      20,464 SF

      Tulsa Warehouse with Yard Space

      Divisible warehouse with yard space and convenient airport access.
      2609 Dawson Rd, Tulsa, OK 74110
      View Details
    • Contact for pricing
      3,540 SF

      Commercial-Industrial Building with Fenced Yard

      3,450 SF commercial-industrial building with fenced yard for lease.
      3227 E Woodrow St, Tulsa, OK 74110
      View Details
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    Tulsa, OK 74110-4902
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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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