Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2303 Memorial Dr Tulsa, OK 74129-2615

    • Office buildings
    • 2,903 SF
    • 0.56 lot acres
    OFF-MARKET
    Last Sale
    Sep 22, 2022
    $225,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0611740
    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

    • Care Chiropractic Clinic / Alternative Medicine Practice
    • Lecraig J. Willemstein, DC / Alternative Medicine Practice
    • Lecraig Willemstein / Alternative Medicine Practice

    Property Details for 2303 Memorial Dr

    Year built
    1950
    Construction
    WOOD FRAME
    Lot size
    0.56 lot acres
    Property size
    2,903 SF
    Zone code
    RS3
    Property type
    Office buildings
    APN
    30475-93-13-11370
    APU
    30475931311370

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8862
    Latitude
    36.13
    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
    $3,323
    $8,085
    $16,669
    $24,754
    -
    $73,500
    $151,535
    $225,035

    Comparable in this City

    • Value Estimation
      $3,890,000
      14,000 SF

      9014 21st St

      OFFICE BUILDING • 14,000 SF
      9014 21st St, Tulsa, OK 74129-1428
      View Details
    • Value Estimation
      $755,000
      7,962 SF

      2326 Garnett Rd

      OFFICE BUILDING • 7,962 SF
      2326 Garnett Rd, Tulsa, OK 74129-5121
      View Details
    • Value Estimation
      $805,000
      8,112 SF

      11740 21st St

      OFFICE BUILDING • 8,112 SF
      11740 21st St, Tulsa, OK 74129-1820
      View Details
    • Value Estimation by Request
      1,752 SF

      12580 21st St

      OFFICE BUILDING • 1,752 SF
      12580 21st St, Tulsa, OK 74129-1806
      View Details
    • Value Estimation
      $1,130,000
      7,280 SF

      2829 Sheridan Rd

      OFFICE BUILDING • 7,280 SF
      2829 Sheridan Rd, Tulsa, OK 74129-1013
      View Details
    • Value Estimation by Request
      1,564 SF

      2464 Sheridan Rd

      OFFICE BUILDING • 1,564 SF
      2464 Sheridan Rd, Tulsa, OK 74129-1021
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      6.15 Acre Commercial Property

      Versatile commercial property in high-traffic Tulsa corridor with development potential.
      3003 S Memorial Dr, Tulsa, OK 74129
      View Details
    • Contact for pricing
      2,644 SF

      Tulsa NNN Investment Opportunity

      NNN leased property with attractive rent growth and strong demographics.
      11104 E 21St St, Tulsa, OK 74129
      View Details
    • Contact for pricing

      Commercial Land East of E 21st

      Commercial land for sale, zoned OL, east of E 21st.
      8600 E 21St St, Tulsa, OK 74129
      View Details
    • Contact for pricing

      5.56 Acres of Land

      5.56 acres of land available for sale.
      8127 E 21St St, Tulsa, OK 74129
      View Details
    • Contact for pricing
      5 SF

      Commercial Land with Highway Access

      5.51 AC commercial land with frontage on 21st Street.
      8127 East 21St St, Tulsa, OK 74129
      View Details
    • $450,000
      1.80 Acres

      Residential Multifamily Land in Tulsa

      1.83 acres zoned RM-1, ideal for multifamily development.
      2215 S Memorial Dr, Tulsa, OK 74129
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Two-Room Office Space Available

      Upper level office space for rent, all bills paid.
      2140-D S Memorial Dr, Tulsa, OK 74129
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available, featuring 4,537 square feet.
      12512 E 21St St, Tulsa, OK 74129
      View Details
    • Contact for pricing

      Established Shopping Center For Rent

      Well-established shopping center with an excellent tenant list.
      2120-2198 S Sheridan Rd, Tulsa, OK 74129
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2303 Memorial Dr
    Tulsa, OK 74129-2615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!