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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Turn key restaurants
222 Garnett Rd Tulsa, OK 74116-6034
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US69-2401732
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Construction
WOOD FRAME
Total area
10,872 SF
Lot
4.22 ac (183,649 SF)
Zoning code
CS
APN
37080-04-31-17500
UPID
US69-2401732
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
-
Best Western - Airport Hotel & Motel
-
Subway Take-out & Catering Catering Service
-
Raven's International Bistro Restaurant
-
Winner's Circle Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$942k
Blend (final)
Blend
$680k
Owner & transaction history
Rdk LLC · 19 yrs held
Rdk LLC
since 2006
7 recorded transactions
Zoning & alternative use
CS · 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
Method
Estimation
Statistic approach
by Request
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±10%
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
$63 / 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
$28,221
Tax year 2023
Assessed value
$210,210
Assessed 2023
Previous assessed
$200,200
+5.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$33,716
Assessed improvement
$176,494
Land market value
$367,300
Improvement market value
$1,922,700
Total market value
$2,290,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
ZONE
Cooling
YES
Buildings
2
Stories
1
Units
112
Rooms
108
Total area
10,872 SF
Lot
4.22 ac (183,649 SF)
Zoning code
CS
APN
37080-04-31-17500
UPID
US69-2401732
Jurisdiction
TULSA
Zoning & alternative use
CS · Tulsa, OK
Zoning CS · permitted uses
CS · 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
1978
Construction
WOOD FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
2
Units
112
Rooms
108
Lot
4.22 ac
Current owner
From public records · entity-resolved
Rdk LLC
Entity
Mailing address
222 N GARNETT RD, TULSA, OK 74116-6034
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2006
$2,275,000
Rdk LLC
Nisha Inn INC
Warranty Deed
$1,933,750 · The Bank
—
—
Rdk LLC
—
Deed Of Trust
related
$1,758,543 · The Bank
—
—
Rdk LLC
—
Deed Of Trust
related
$60,000 · The Bank
—
—
Rdk LLC
—
Deed Of Trust
related
$65,000 · The Bank
—
—
Rdk LLC
—
Deed Of Trust
related
$63,249 · The Bank
—
—
Nisha Inn INC
—
Deed Of Trust
related
$1,616,396 · Community Bank & Trust Co
—
—
Nisha Inn INC
—
Deed Of Trust
related
$50,192 · Community Bank & Trust Co
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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