2516 15th St Tulsa, OK 74104-4621
Property Lookup
Property profile & analytics
2516 15th St Tulsa, OK 74104-4621
- Medical Office Space
- 9,778 SF
- 0.44 lot acres
Property ID
US69-2426489
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.
Location Intelligence
Current Use by Public Records
- CareFirst Getman Pharmacy / Medical Supply Store / Drug Store
- SGOK3, INC. / Department Store
Property Details for 2516 15th St
- Year built
- 1936
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.44 lot acres
- Property size
- 9,778 SF
- Zone code
- CH
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 14350-93-08-10280
- APU
- 14350930810280
Description
This Tulsa, OK mixed-use property offers a compelling investment opportunity. The 9,775 square foot building, constructed in 1936 and renovated in 2017, sits on a 19,180 square foot lot at 2516 E 15th St, 74104. Currently, 59% occupied, it generates a strong $9,035 monthly net income (NNN) from two tenants. A ground-floor pharmacy tenant, with a lease expiring September 30, 2028, pays $6,368.18 per month (increasing to $6,463.70 in 2026), and owes approximately $295,229 in remaining rent. A medical office tenant contributes $2,666.67 monthly, with 3% annual increases. The 4,000 square foot vacant upper floor offers flexible leasing options for individual offices, half-floor, or full-floor setups, ideal for various tenants. The ground floor pharmacy lease buyout option provides immediate capital for renovations or owner-use. The building's prominent location on 15th Street, near Hwy 51, presents additional income potential through mural or advertising leases. This property combines stable income with significant upside potential through lease-up of the vacant space and the potential pharmacy lease buyout. The building features include one building, 7,775 net rentable square feet, and flexible office layouts in the upper floor. The property offers a unique blend of immediate cash flow and future growth opportunities.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,640,000
- ML approach
- $1,745,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,835,000
- 6.5%
- $1,695,000
- 7%
- $1,575,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,921,000
Market price range: $957k - $2.35M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,680,000 Current use
- RESTAURANT
- $2,330,000 Change: +39% Conversion: Difficult
- OFFICE BUILDING
- $1,405,000 Change: -16% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tulsa
- County
- Tulsa
- State
- Oklahoma
- Longitude
- -95.9552
- Latitude
- 36.1402
- 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
$27,468
$42,196
$162,404
$204,600
-
$383,600
$1,476,400
$1,860,000
