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Property profile & analytics
FOR LEASE
Warehouses
320 S Boston Ave, Tulsa, OK 74103
Entity Owned
4-yr Hold
Free & Clear
Property ID
US69-0346954
For Lease
1 / 4
$18 SF/Yr
320 S Boston Ave, Tulsa, OK 74103
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
STEEL FRAME
Total area
25,740 SF
Lot
0.88 ac (38,420 SF)
Zoning code
CBD
APN
00500-92-02-26650
UPID
US69-0346954
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
-
The H and S Drilling Company Construction Company General Contractor
-
ASH | LAW - Social Security Attorney Law Firm
-
Mc Daniel Hixon Longwell Acord Law Firm
-
Calvert Law Office, PLLC Law Firm
-
Dericks Leasing & Financial Co Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.74M
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.03M
Owner & transaction history
2435 S 132nd E Ave LLC · 4 yrs held
2435 S 132nd E Ave LLC
since 2022
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
CBD · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+93.3%
Retail stores
$2.8M
+77.6%
Neighborhood: shopping center
$1.9M
+17.7%
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
$1,765,000
ML approach
$1,735,000
CAP Approach
CAP Return
Estimation
6%
$2,505,000
6.5%
$2,310,000
7%
$2,145,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,575,000
Current use
OFFICE BUILDING
$3,050,000
Change: +93% · Conversion: Difficult
RETAIL STORES
$2,800,000
Change: +78% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,855,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $2.00M (Jan 10 2020)
Last sale anchor
$2.00M
Jan 10 2020
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
$79 / 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
Tax billed
$27,408
Tax year 2023
Assessed value
$204,160
Assessed 2023
Previous assessed
$204,160
+0.0% YoY
Effective rate
13.42%
On assessed value
Assessed land
$63,415
Assessed improvement
$140,745
Land market value
$576,500
Improvement market value
$1,279,500
Total market value
$1,856,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1970
Construction
STEEL FRAME
Heating
ZONE
Cooling
YES
Stories
1
Total area
25,740 SF
Lot
0.88 ac (38,420 SF)
Zoning code
CBD
APN
00500-92-02-26650
UPID
US69-0346954
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
2435 S 132nd E Ave LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 380, TULSA, OK 74101-0380
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
—
2435 S 132nd E Ave LLC
Malta Investments LLC
Warranty Deed
—
Dec 28, 2021
—
Malta Investments LLC
Hydrogen Homes LLC
Warranty Deed
—
Sep 30, 2020
$133,000
Rcr Invs LLC
Michael E Spencer
Warranty Deed
—
Jan 10, 2020
$2,000,000
Wrt Realty LLC
Mayfield LLC
Warranty Deed
—
Oct 12, 2016
$2,000,000
Mayfield LLC
La King Corp
Warranty Deed
$2,000,000 · Community Dev Corp
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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