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

    171 122nd E Ave Tulsa, OK 74128-2405

    • Office buildings
    • 1,980 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2296306
    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

    • Office buildings

    Property Details for 171 122nd E Ave

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.44 lot acres
    Property size
    1,980 SF
    Zone code
    IL
    Property type
    Office buildings
    APN
    12105-94-05-33800
    APU
    12105940533800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8411
    Latitude
    36.1562
    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
    $4,430
    $3,498
    $29,502
    $33,000
    -
    $31,800
    $268,200
    $300,000

    Comparable in this City

    • Value Estimation by Request
      4,960 SF

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    • Value Estimation
      $4,620,000
      149,154 SF

      1645 101st E Ave

      OFFICE BUILDING • 149,154 SF
      1645 101st E Ave, Tulsa, OK 74128-4629
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    • Value Estimation by Request
      2,117 SF

      12331 11th St

      OFFICE BUILDING • 2,117 SF
      12331 11th St, Tulsa, OK 74128-4420
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    • Value Estimation by Request
      4,762 SF

      1901 Garnett Rd

      OFFICE BUILDING • 4,762 SF
      1901 Garnett Rd, Tulsa, OK 74128-1815
      View Details
    • Value Estimation
      $1,370,000
      17,841 SF

      12345 Skelly Dr

      OFFICE BUILDING • 17,841 SF
      12345 Skelly Dr, Tulsa, OK 74128-2411
      View Details
    • Value Estimation
      $1,585,000
      18,325 SF

      10122 11th St

      OFFICE BUILDING • 18,325 SF
      10122 11th St, Tulsa, OK 74128-3006
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land Ready to Build

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      6,000 SF

      6,000 SF Warehouse For Sale

      6,000 SF warehouse with fenced yard space available for purchase.
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      43,820 SF

      Income-Producing Car Wash and Retail

      Income-producing property with car wash, retail spaces, and tenant leases.
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      Commercial Land For Sale

      1.98 acres of CS Zoned land available.
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      6,102 SF

      Tulsa Retail Property For Sale

      Retail property with high visibility and accessibility in Tulsa, OK.
      11525 E Skelly Dr, Tulsa, OK 74128
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    • $99,900
      Pending

      Tulsa Duplex with Highway Access

      Well-maintained duplex with easy access to highways and practical features.
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Building on East 21st

      4,800 SF commercial building suitable for office or medical use.
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      4,577 SF

      Office Space Available For Rent

      Office space available for lease in Tulsa, Oklahoma.
      10159 E 11Th St, Tulsa, OK 74128
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    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Tulsa, Oklahoma.
      12210 E 1St St, Tulsa, OK 74128
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      19,496 SF

      Gated Warehouse Near Highway Access

      Warehouse with highway access and grade level overhead doors.
      1245 N Garnett Rd, Tulsa, OK 74128
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      16,000 SF

      Retail Space in Northeast Plaza

      Retail space available within the Northeast Plaza Shopping Center.
      1116-1150 S Garnett Rd, Tulsa, OK 74128
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    • $7 SF/Yr
      36,801 SF

      Versatile Warehouse with Office/Showroom Space

      Warehouse with office, showroom, shop, and fenced yard for lease.
      12210 East 1St St, Tulsa, OK 74128
      View Details
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    171 122nd E Ave
    Tulsa, OK 74128-2405
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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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