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

    2001 Lewis Ave Tulsa, OK 74110-2544

    • Day care centers
    • 2,400 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Aug 20, 2024
    $250,000
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0472995
    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

    • Small Wonders Academy / Day Care Center

    Property Details for 2001 Lewis Ave

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.37 lot acres
    Property size
    2,400 SF
    Zone code
    CS
    Property type
    Day care centers
    APN
    43300-03-29-12690
    APU
    43300032912690

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $250,000
      ML approach
      $250,000

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $185,000
      Current use
      AUTO REPAIR, GARAGE
      $300,000
      Change: +64% Conversion: Difficult
      RETAIL STORES
      $260,000
      Change: +43% Conversion: Difficult
      OFFICE BUILDING
      $255,000
      Change: +38% Conversion: Difficult
      WAREHOUSE, STORAGE
      $150,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.958
    Latitude
    36.1835
    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
    $1,461
    $2,233
    $8,646
    $10,879
    -
    $20,300
    $78,600
    $98,900

    Comparable in this City

    • Value Estimation
      $55,000
      1,095 SF

      2124 Pne St

      DAY CARE, PRE-SCHOOL • 1,095 SF
      2124 Pne St, Tulsa, OK 74110-4658
      View Details
    • Value Estimation by Request
      21,965 SF

      2501 Archer St

      DAY CARE, PRE-SCHOOL • 21,965 SF
      2501 Archer St, Tulsa, OK 74110-5333
      View Details
    • Value Estimation
      $245,000
      1,276 SF

      3103 Admiral Pl

      DAY CARE, PRE-SCHOOL • 1,276 SF
      3103 Admiral Pl, Tulsa, OK 74110-5504
      View Details
    • Value Estimation
      $260,000
      1,920 SF

      2607 Pne St

      DAY CARE, PRE-SCHOOL • 1,920 SF
      2607 Pne St, Tulsa, OK 74110-4787
      View Details
    • Value Estimation
      $260,000
      6,042 SF

      2131 31st N Pl

      DAY CARE, PRE-SCHOOL • 6,042 SF
      2131 31st N Pl, Tulsa, OK 74110-1108
      View Details
    • Value Estimation
      $275,000
      2,911 SF

      2527 36th N St

      DAY CARE, PRE-SCHOOL • 2,911 SF
      2527 36th N St, Tulsa, OK 74110-1530
      View Details

    Similar Nearby for Sale

    • $995,000
      7,187 SF

      Tulsa Office Building For Sale

      One-story office building featuring unique conference room and reception area.
      6940 S Utica Ave, Tulsa, OK 74110
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    • Contact for pricing
      Pending

      Residential Lot in Tulsa, OK

      Residential lot suitable for building a home or investment property.
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    • $35,000
      Pending

      Residential Lot in Kendall Whittier

      Vacant residential lot in Tulsa's vibrant Kendall Whittier neighborhood.
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    • $875,000
      4,015 SF

      Tulsa Retail Space: Prime Location

      High-traffic retail space, excellent visibility.
      2805 Admiral Pl, Tulsa, OK 74110
      View Details
    • $900,000
      26,834 SF

      Crane-Equipped Industrial Facility For Sale

      26,834 SF industrial building with heavy power and cranes.
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    • $350,000

      Commercial Land in High-Traffic Area

      Corner lot with high visibility and great access.
      2401 E Apache St, Tulsa, OK 74110
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    Similar Nearby for Lease

    • $14 SF/Yr
      1,883 SF

      Office Space on South Utica

      Office space with excellent frontage and highway access.
      1768 S Utica Ave, Tulsa, OK 74110
      View Details
    • $3 SF/Yr
      19,058 SF

      Warehouse with High Bay Cranes

      Divisible warehouse with cranes, parking, and yard space.
      2601 Dawson Rd, Tulsa, OK 74110
      View Details
    • $5 SF/Yr
      4,800 SF

      Auto Repair Shop For Rent

      Auto repair shop with equipment in thriving northeast Tulsa.
      2885 E Admiral Pl, Tulsa, OK 74110
      View Details
    • $7 SF/Yr
      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
    • $1,750 /Mo
      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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    2001 Lewis Ave
    Tulsa, OK 74110-2544
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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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