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    Property profile & analytics

    3156 Mingo Rd Tulsa, OK 74146-1257

    • Bars & Pubs
    • 1,768 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Dec 26, 2024
    $200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0309224
    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

    • Knuckleheads2 Bar & Grill / Bar & Pub / Restaurant

    Property Details for 3156 Mingo Rd

    Year built
    1975
    Construction
    WOOD FRAME
    Lot size
    0.49 lot acres
    Property size
    1,768 SF
    Zone code
    CS
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    99324-93-24-18650
    APU
    99324932418650

    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
    -95.8691
    Latitude
    36.1168
    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
    $1,744
    $6,996
    $5,995
    $12,991
    -
    $63,600
    $54,500
    $118,100

    Comparable in this City

    • Value Estimation
      $530,000
      2,700 SF

      3101 101st E Ave

      BAR, TAVERN • 2,700 SF
      3101 101st E Ave, Tulsa, OK 74146-1438
      View Details
    • Value Estimation by Request
      4,800 SF

      10915 31st St

      RESTAURANT • 4,800 SF
      10915 31st St, Tulsa, OK 74146-1745
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    • Value Estimation by Request
      3,360 SF

      6041 Garnett Rd

      RESTAURANT • 3,360 SF
      6041 Garnett Rd, Tulsa, OK 74146-6826
      View Details
    • Value Estimation by Request
      3,002 SF

      4101 Mingo Rd

      RESTAURANT • 3,002 SF
      4101 Mingo Rd, Tulsa, OK 74146-3633
      View Details
    • Value Estimation
      $670,000
      6,782 SF

      10152 31st St

      RESTAURANT • 6,782 SF
      10152 31st St, Tulsa, OK 74146-1401
      View Details
    • Value Estimation by Request
      1,818 SF

      11309 31st St

      RESTAURANT • 1,818 SF
      11309 31st St, Tulsa, OK 74146-1906
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,015 SF

      Tulsa Applebee's For Sale

      NNN leased Applebee's with scheduled rent increases.
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    • $3,500,000
      2,243 SF

      New Chipotle with Drive-Thru

      New 15-year absolute net lease Chipotle investment property.
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      5,852 SF

      Freestanding Retail/Mixed-Use Investment Property

      Stabilized 8% Cap Rate with Seller Lease-Back
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      10,176 SF

      Retail Center with Attached Warehouses

      Retail center with attached warehouses in a premium location.
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      2,243 SF

      Retail Space For Sale

      Retail space available for purchase, featuring a 5.25% CAP rate.
      11051 E 41St St, Tulsa, OK 74146
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    • $2,450,000

      Established Pawn and Retail Business

      Long-standing pawn and retail business with diversified revenue streams.
      3184 S Mingo Rd, Tulsa, OK 74146
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Drive-Thru Restaurant Opportunity

      Turnkey restaurant space with drive-thru in high-traffic location.
      10249 E 41St St, Tulsa, OK 74146
      View Details
    • Contact for pricing

      Versatile Suites in Garnett Center

      Suites with showroom and warehouse space available for lease.
      11414 East 51St St, Tulsa, OK 74146
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    • $9 SF/Yr

      Remodeled Flex Property with Fenced Yards

      Single-tenant flex property with office, showroom, and warehouse space.
      9901 E 46Th Pl, Tulsa, OK 74146
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    • Contact for pricing
      2,080 SF

      Retail Space on Mingo Road

      Retail space available for lease on South Mingo Road.
      5151-5171 S Mingo Rd, Tulsa, OK 74146
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    • Contact for pricing
      7,200 SF

      Retail Space Available For Lease

      Retail space available for lease in Tulsa, Oklahoma.
      11005 E 41St St, Tulsa, OK 74146
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Garnett Road

      Retail space available for lease on South Garnett Road.
      3123-3151 S Garnett Rd, Tulsa, OK 74146
      View Details
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    Tulsa, OK 74146-1257
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    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
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