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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
1851 71st St, Tulsa, OK 74136-3922
Entity Owned
1-yr Hold
Free & Clear
Property ID
US69-2327696
Property summary
AI-generated overview
This exceptional two-story office building, located at 1851 E 71st St, Tulsa, OK 74136, presents a unique investment opportunity. Boasting 5,082 square feet, this vacant Class C property is situated on a 0.13-acre lot (APN 39315830635295) and is zoned OM. Built in 1982, the single-building structure offers nine offices, six bathrooms (one with a shower), two wet bars (including a coffee bar sink), a full kitchen (equipped with a stovetop, oven, dishwasher, and break room), a conference room, and a reception area. The building's convenient location offers easy access to downtown Tulsa via Riverside Drive and is close to numerous restaurants and shopping amenities. The asking price is $650,000, translating to $127.90 per square foot. This property is ideal for owner-occupancy or as a rental investment. The property is currently vacant, providing immediate occupancy for a new owner. This is a single-tenancy building, offering a streamlined management experience. The property is owned by Jumbalaya, LLC.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
WOOD FRAME
Total area
5,082 SF
Lot
0.13 ac (5,619 SF)
Zoning code
OM
APN
39315-83-06-35295
UPID
US69-2327696
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
-
Harvard Medical Clinic Medical Clinic
-
Lowell James E Law Firm
-
Dr. Anthony C. Billings, MD Physician
-
Hastings Richard DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$540k
Owner & transaction history
Table Rock Properties LLC · 1 yrs held
Table Rock Properties LLC
since 2025
Last sale
$547,500
3 recorded transactions
Zoning & alternative use
OM · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$875,000
+59.1%
Auto repair, garage
$695,000
+27.0%
Commercial (general)
$690,000
+25.9%
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
$510,000
ML approach
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$550,000
Current use
MEDICAL BUILDING
$875,000
Change: +59% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: +26% · Conversion: Easy
RETAIL STORES
$555,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $548k (Apr 30 2025)
Last sale anchor
$548k
Apr 30 2025
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
$106 / 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
$7,279
Tax year 2023
Assessed value
$54,219
Assessed 2023
Previous assessed
$54,219
+0.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$5,555
Assessed improvement
$48,664
Land market value
$50,500
Improvement market value
$442,400
Total market value
$492,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
ZONE
Cooling
YES
Stories
2
Total area
5,082 SF
Lot
0.13 ac (5,619 SF)
Zoning code
OM
APN
39315-83-06-35295
UPID
US69-2327696
Jurisdiction
TULSA
Zoning & alternative use
OM · Tulsa, OK
Zoning OM · permitted uses
OM · 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
OFFICE BUILDING Current
Est. value
$550,000
MEDICAL BUILDING
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$690,000
RETAIL STORES
Est. value
$555,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1982
Construction
WOOD FRAME
Heating
ZONE
Cooling
Yes
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Table Rock Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1851 E 71ST ST, TULSA, OK 74136-3922
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
—
Table Rock Properties LLC
—
Deed
related
$528,000 · Midfirst Bank
Apr 30, 2025
$547,500
Table Rock Properties LLC
Jumbalaya LLC
Warranty Deed
—
Apr 30, 2008
$500,000
Jumbalaya LLC
Southbridge LLC
Warranty Deed
—
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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