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

    231 Memorial Dr Tulsa, OK 74112-2201

    • Warehouses
    • 37,500 SF
    • 10.31 lot acres
    OFF-MARKET
    Value Estimations
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0094505
    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

    • Ferguson Industrial / Factory / Industrial Manufacturer
    • Shelter Distribution Inc / Roofing Company / General Contractor

    Property Details for 231 Memorial Dr

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    10.31 lot acres
    Property size
    37,500 SF
    Zone code
    CH
    Property type
    Warehouses
    APN
    99301-93-01-17230
    APU
    99301930117230

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,945,000
      Market price range: $783k - $2.37M
      AI Estimate
      $1,734,000
      Market price range: $724k - $2.03M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,455,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,705,000
      Change: +86% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.885
    Latitude
    36.1573
    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
    $27,057
    $91,058
    $110,484
    $201,542
    -
    $827,800
    $1,004,400
    $1,832,200

    Comparable in this City

    • Value Estimation
      $1,095,000
      29,792 SF

      6235 13th St

      WAREHOUSE, STORAGE • 29,792 SF
      6235 13th St, Tulsa, OK 74112-5411
      View Details
    • Value Estimation
      $1,635,000
      44,496 SF

      924 Hudson Ave

      WAREHOUSE, STORAGE • 44,496 SF
      924 Hudson Ave, Tulsa, OK 74112-2945
      View Details
    • Value Estimation by Request
      7,500 SF

      915 Joplin Ave

      WAREHOUSE, STORAGE • 7,500 SF
      915 Joplin Ave, Tulsa, OK 74112-2900
      View Details
    • Value Estimation
      $1,260,000
      24,480 SF

      6205 15th St

      WAREHOUSE, STORAGE • 24,480 SF
      6205 15th St, Tulsa, OK 74112-6407
      View Details
    • Value Estimation by Request
      8,640 SF

      5948 12th St

      WAREHOUSE, STORAGE • 8,640 SF
      5948 12th St, Tulsa, OK 74112-5418
      View Details
    • Value Estimation by Request
      8,000 SF

      6946 13th St

      WAREHOUSE, STORAGE • 8,000 SF
      6946 13th St, Tulsa, OK 74112-5616
      View Details

    Similar Nearby for Sale

    • $1,250,000
      17,518 SF

      Tulsa Commercial Shop and Office

      Commercial shop and office building with functional layout and strong access.
      6923 E 14Th St, Tulsa, OK 74112
      View Details
    • $1,325,000
      11.31 Acres

      Prime Tulsa Commercial Land

      ±11 Acres, Hwy 75 & 71st
      71st Hwy 75, Tulsa, OK 74112
      View Details
    • $119,500
      Pending

      Residential Land in Tulsa, OK

      Residential land available in Tulsa, Oklahoma.
      1 E 5Th Pl, Tulsa, OK 74112
      View Details
    • Contact for pricing
      8,000 SF

      Spacious Tulsa Office Building

      Two-story office building near Downtown Tulsa with versatile layout.
      6943 E 12Th St, Tulsa, OK 74112
      View Details
    • $550,000
      1.35 Acres

      Prime Commercial Land Opportunity

      Commercial land for sale in a high-traffic Tulsa corridor.
      11329 E 61St St, Tulsa, OK 74112
      View Details
    • New
      $390,000
      984 SF

      Route 66 Commercial Property

      Remodeled commercial property with frontage on historic Route 66.
      4216 E 11Th St, Tulsa, OK 74112
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,780 SF

      Tulsa Flex Space For Rent

      9,780 SF flex space with office and shop areas.
      556 N Memorial Dr, Tulsa, OK 74112
      View Details
    • $8 SF/Yr
      2,080 SF

      Climate-Controlled Warehouse with Office Space

      2,080 SF warehouse with office space for lease.
      6512-6516 E 12Th St, Tulsa, OK 74112
      View Details
    • $11 SF/Yr
      17,460 SF

      Industrial Development Ready September 2025

      New industrial development designed for warehouse, distribution, or light industrial.
      6240 E 15Th St, Tulsa, OK 74112
      View Details
    • $7 SF/Yr
      17,420 SF

      Industrial Warehouse with Recent Upgrades

      Industrial warehouse featuring new roof, HVAC, and ample electric service.
      6716 E 12Th St, Tulsa, OK 74112
      View Details
    • $8 SF/Yr
      9,840 SF

      9,840 SF Industrial Warehouse

      Industrial warehouse with office space and fenced yard for lease.
      6935 E 12Th St, Tulsa, OK 74112
      View Details
    • Contact for pricing
      4,100 SF

      Spacious Office with Multiple Offices

      Office space featuring multiple offices, meeting spaces, and shared amenities.
      8740 E 11Th St, Tulsa, OK 74112
      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.
    231 Memorial Dr
    Tulsa, OK 74112-2201
    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!