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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Outlet malls
2235 61st St Tulsa, OK 74136-1070
Entity Owned
Absentee Owner
Free & Clear
Property ID
US69-0349893
Property summary
AI-generated overview
This exceptional investment opportunity presents a ±29,785 square foot, multi-tenant retail and medical center in Tulsa, Oklahoma. Located at 2235 E 61st St, this property boasts a prime location and features a diverse tenant mix including Dollar Tree, Family Dollar, Archwell Health, and a MidFirst Bank ATM. The center underwent a complete redevelopment in 2023, ensuring modern facilities tailored to tenant needs. The property sits on a 2.5-acre lot with ample parking (120 spaces). Currently operating at 100% occupancy, the investment features a strong Net Lease (NNN) structure with credit-rated tenants. Leases offer various options and have a weighted average remaining lease term of 7.6 years. The property generates a substantial Net Operating Income (NOI) of $371,973, resulting in an attractive 7.00% cap rate. The asking price is $5,314,000. Detailed lease information and rent bump schedules are available upon request. This fee-simple ownership includes an ATM ground lease. The property's strategic location and strong tenant base make it an ideal investment for discerning buyers seeking stable, long-term returns. This is a rare opportunity to acquire a high-quality, recently renovated retail center in a thriving market.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,975 SF
Lot
2.1 ac (91,563 SF)
Zoning code
CS
APN
39875-93-31-13480
UPID
US69-0349893
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
-
ArchWell Health Medical Clinic
-
Shawna K Passman, DO Pediatrician Physician
-
Lyndsey L Daggs, DO Pediatrician Physician
-
Dollar Tree Department Store
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$2.20M
Owner & transaction history
JFH ACE LLC
JFH ACE LLC
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,150,000
Current use
OFFICE BUILDING
$3,125,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±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
$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
$22,151
Tax year 2023
Assessed value
$165,000
Assessed 2023
Previous assessed
$192,500
-14.3% YoY
Effective rate
13.42%
On assessed value
Assessed land
$120,835
Assessed improvement
$44,165
Land market value
$1,098,500
Improvement market value
$401,500
Total market value
$1,500,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
YES
Stories
1
Total area
28,975 SF
Lot
2.1 ac (91,563 SF)
Zoning code
CS
APN
39875-93-31-13480
UPID
US69-0349893
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
RETAIL STORES Current
OFFICE BUILDING
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
Yes
Stories
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
JFH ACE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2346 VICTORY PARK LN, DALLAS, TX 75219-7646
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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