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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office buildings
2003 15th St, Tulsa, OK 74104-4612
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0515103
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Construction
WOOD FRAME
Total area
3,296 SF
Lot
0.28 ac (11,979 SF)
Zoning code
OL
APN
42100-93-07-21110
UPID
US69-0515103
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
-
Functional Medicine of Tulsa Medical Clinic
-
Property Relief Network Real Estate Agency
-
Discount Property Now - Buy Tulsa, Oklahoma Investment Properties for Sale | Fixer Upper Deals Real Estate Agency
-
Oklahoma Childhood Obesity Foundation Physician
-
Discount Property Network Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$635k
Owner & transaction history
House On Cherry Street LLC · 4 yrs held
House On Cherry Street LLC
since 2021
Last sale
$638,000
7 recorded transactions
Zoning & alternative use
OL · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$565,000
+19.4%
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
$500,000
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$475,000
Current use
MEDICAL BUILDING
$565,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$450,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$450,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $638k (Oct 25 2021)
Last sale anchor
$638k
Oct 25 2021
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
$193 / 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
$9,422
Tax year 2023
Assessed value
$70,180
Assessed 2023
Previous assessed
$70,180
+0.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$26,312
Assessed improvement
$43,868
Land market value
$239,200
Improvement market value
$398,800
Total market value
$638,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1925
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
2
Total area
3,296 SF
Lot
0.28 ac (11,979 SF)
Zoning code
OL
APN
42100-93-07-21110
UPID
US69-0515103
Jurisdiction
TULSA
Zoning & alternative use
OL · Tulsa, OK
Zoning OL · permitted uses
OL · 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
$475,000
MEDICAL BUILDING
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$450,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1925
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
House On Cherry Street LLC
Entity
Mailing address
6015 E 112TH ST, TULSA, OK 74137-7715
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2021
$638,000
House On Cherry Street LLC
Olson & Associates Properties LLC
Warranty Deed
—
Aug 24, 2017
—
Olson & Associates Properties LLC
—
Deed
related
$227,902 · Bank Of Cherokee County
Dec 18, 2006
—
Olson & Associates Props LLC
Olson,darwin D & Barbara E
Quit Claim Deed
related
$308,000 · Tulsa National Bank
Nov 27, 2006
$366,500
Darwin D Olson
Jones,eric
Warranty Deed
$308,000 · Tulsa National Bank
May 20, 2005
$293,000
Eric Jones
Perry Properties LLC
Warranty Deed
$342,508 · Spiritbank NA
Apr 20, 2005
—
Perry Properties LLC
Perry,daniel M & Jennifer E
Quit Claim Deed
related
—
Apr 13, 2005
—
Perry Properties LLC
Perry,daniel M
Quit Claim Deed
related
—
Aug 24, 2001
—
Perry Properties LLC
Perry,daniel M
Quit Claim Deed
related
—
—
—
Perry Properties LLC
—
Deed Of Trust
related
$78,930 · Sharp Mortgage Co
—
—
Olson & Associates Props LLC
—
Deed Of Trust
related
$318,750 · Bank Of The West
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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