Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,840,000
Industrial properties
1924 49th W Ave Tulsa, OK 74107-2204
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US69-0476998
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1980
Construction
WOOD FRAME
Total area
50,490 SF
Lot
4.61 ac (200,594 SF)
Zoning code
IH
APN
99208-92-08-19180
UPID
US69-0476998
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
$3.74M
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$3.84M
Owner & transaction history
Ehj LLC · 1 yrs held
Ehj LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
IH · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.0M
+83.9%
Retail stores
$5.5M
+68.9%
Neighborhood: shopping center
$3.6M
+12.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,045,000
6.5%
$3,735,000
7%
$3,465,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,250,000
Current use
OFFICE BUILDING
$5,980,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$5,490,000
Change: +69% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,640,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±10% · vs last sale $4.00M (Apr 23 2024)
Last sale anchor
$4.00M
Apr 23 2024
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
$76 / 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
$29,470
Tax year 2023
Assessed value
$259,898
Assessed 2023
Previous assessed
$259,898
+0.0% YoY
Effective rate
11.34%
On assessed value
Assessed land
$4,374
Assessed improvement
$255,524
Land market value
$50,200
Improvement market value
$4,055,225
Total market value
$4,105,425
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1980
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
50,490 SF
Lot
4.61 ac (200,594 SF)
Zoning code
IH
APN
99208-92-08-19180
UPID
US69-0476998
Jurisdiction
TULSA
Zoning & alternative use
IH · Tulsa, OK
Zoning IH · permitted uses
IH · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
OFFICE BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Lot
4.61 ac
Current owner
From public records · entity-resolved
Ehj LLC
Entity
Mailing address
3115 S PO BOX 52220TH CIR, TULSA, OK 74152-0220
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
$4,000,000
Ehj LLC
Binger LLC
Warranty Deed
—
Dec 28, 2018
$6,500,000
Charles L Eslicker
D & L Manufacturing INC
Warranty Deed
—
Nov 27, 2018
—
D & L Manufacturing INC
—
Loan Modification
related
$3,000,000 · Mabrey Bk
Jul 1, 2009
—
Builders Steel Co INC
—
Deed Of Trust
related
$2,200,000 · First Pryority Bank
Aug 30, 2004
—
Builders Steel Co INC
—
Deed Of Trust
related
$3,201,459 · First United Bank
—
—
D & L Manufacturing INC
—
Deed Of Trust
related
$3,020,287 · Mabrey Bk
—
—
D & L Manufacturing INC
—
Loan Modification
related
$3,000,000 · Mabrey Bk
—
—
Builders Steel Co INC
—
Deed Of Trust
related
$1,500,000 · First United Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1924 49th W Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
