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Property profile & analytics
OFF-MARKET
Flex space
1888 109th E Ave Tulsa, OK 74116-1508
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0472917
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1974
Construction
STEEL FRAME
Total area
36,925 SF
Lot
3.58 ac (156,032 SF)
Zoning code
IM
APN
47745-04-30-54160
UPID
US69-0472917
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alden Group Renewable Energy Tulsa · 4 yrs held
Alden Group Renewable Energy Tulsa
since 2021
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
IM · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$43,623
Tax year 2023
Assessed value
$324,940
Assessed 2023
Previous assessed
$324,940
+0.0% YoY
Effective rate
13.42%
On assessed value
Assessed land
$38,610
Assessed improvement
$286,330
Land market value
$351,000
Improvement market value
$2,603,000
Total market value
$2,954,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Total area
36,925 SF
Lot
3.58 ac (156,032 SF)
Zoning code
IM
APN
47745-04-30-54160
UPID
US69-0472917
Jurisdiction
TULSA
Zoning & alternative use
IM · Tulsa, OK
Zoning IM · permitted uses
IM · 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.
Building & site characteristics
From public records
Year built
1974
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
3.58 ac
Current owner
From public records · entity-resolved
Alden Group Renewable Energy Tulsa
Entity
Mailing address
9595 6TH PNES DR STE #6370, THE WOODLANDS, TX 77380-1647
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
$3,000,000
Alden Group Renewable Energy Tulsa
Frc Genesis Fundsub III LLC
Venders Lien
$300,000 · Jefferson Enterprises LLC
Apr 8, 2019
$2,666,500
Ramrock Lender LLC
Belle Verde Properties Ltd Co
Grant Deed
—
Dec 29, 2014
—
Belle Verde Properties Ltd Co
Admiral Investments LLC
Quit Claim Deed
related
$750,000 · Bank Of The West
Jul 1, 2008
$300,000
Admiral Investments LLC
38th Street Investment Corp
Grant Deed
—
May 8, 2007
—
Belle Verde Properties Ltd Co
—
Trustees Deed
related
$500,000 · Bank Of Oklahoma
Jun 13, 2006
—
Belle Verde Properties Ltd Co
—
Trustees Deed
related
$420,000 · Bank Of Oklahoma
Mar 31, 2006
$1,400,000
Belle Verde Properties Ltd Co
38th Street Investment Corp
Warranty Deed
$430,000 · Bank Of Oklahoma
—
—
Frc Genesis Fundsub III LLC
—
Deed Of Trust
related
$1,450,000 · Ramrock Lender LLC
—
—
Belle Verde Properties Ltd Co
—
Deed Of Trust
related
$627,271 · Bank Of Oklahoma
—
—
38th Street Investment Corp
—
Deed Of Trust
related
$675,000 · F & M Bank & Trust Co
—
—
38th Street Investment Corp
—
Deed Of Trust
related
$1,011,739 · Citizens Security Bank & Trust
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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