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Property profile & analytics
FOR SALE
Turn key restaurants
309 S Main St, Tulsa, OK 74103
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US69-0313902
For Sale
1 / 2
$1,100,000
309 S Main St, Tulsa, OK 74103
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Construction
STEEL FRAME
Total area
5,530 SF
Lot
0.07 ac (2,962 SF)
Zoning code
CBD
APN
00500-92-01-37260
UPID
US69-0313902
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
-
Take 2: A Resonance Cafe Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$940k
Owner & transaction history
309 S Main LLC · 8 yrs held
309 S Main LLC
since 2018
7 recorded transactions
Zoning & alternative use
CBD · 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
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$170 / 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
Previous assessed
$36,421
Land market value
$89,300
Improvement market value
$241,800
Total market value
$331,100
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
For Sale
Year built
1920
Construction
STEEL FRAME
Heating
ZONE
Cooling
YES
Stories
2
Total area
5,530 SF
Lot
0.07 ac (2,962 SF)
Zoning code
CBD
APN
00500-92-01-37260
UPID
US69-0313902
Jurisdiction
TULSA
Zoning & alternative use
CBD · Tulsa, OK
Zoning CBD · permitted uses
CBD · 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
1920
Construction
STEEL FRAME
Heating
ZONE
Cooling
Yes
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
309 S Main LLC
Entity
Mailing address
1118 W 84TH PL, TULSA, OK 74132-3231
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
—
309 S Main LLC
—
Deed
related
$100,000 · Mabrey Bank
May 11, 2018
—
309 S Main LLC
Stone Dana L Trust
Quit Claim Deed
related
—
Jul 29, 2016
—
Stone,dana L Trust
Stone Dana L Trust
Quit Claim Deed
related
—
Jan 9, 2015
—
Stone,dana L Trust|grannis,pamela D 1996 Trust
Stone,dana L & Pamela D
Quit Claim Deed
related
—
Mar 23, 2011
—
Pamela D Stone
Stone,dana L
Quit Claim Deed
related
—
Dec 21, 2007
—
Dana L Stone
Meyer Pruitt Shapleigh & Stone
Quit Claim Deed
related
—
Aug 22, 2006
—
Pruitt Shapleigh Meyer
—
Trustees Deed
related
$20,000 · Spiritbank NA
May 22, 2006
—
Pruitt Shapleigh Meyer
—
Trustees Deed
related
$120,000 · Spiritbank NA
Jun 22, 2005
—
Pruitt Shapleigh Meyer
—
Trustees Deed
related
$85,000 · Spiritbank NA
—
—
Dana L Stone
—
Deed Of Trust
related
$20,000 · Grand Bank For Savings Fsb
—
—
Pruitt Shapleigh Meyer
—
Deed Of Trust
related
$145,000 · Grand Bank For Savings Fsb
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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