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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Strip malls
3321 31st St, Tulsa, OK 74135-1502
Trust Owned
4-yr Hold
Free & Clear
Property ID
US69-0670334
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,049 SF
Lot
1.25 ac (54,494 SF)
Zoning code
CH
APN
03150-93-16-01090
UPID
US69-0670334
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
-
Akin's Natural Foods (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.45M
Owner & transaction history
The Sally B Mccoy Trust No 2 · 4 yrs held
The Sally B Mccoy Trust No 2
since 2021
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
CH · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+50.8%
Office building
$1.5M
+14.5%
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
$1,270,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,300,000
Current use
RETAIL STORES
$1,965,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$1,490,000
Change: +14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,160,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.63M (Jul 6 2021)
Last sale anchor
$1.63M
Jul 6 2021
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
$80 / 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
$23,997
Tax year 2023
Assessed value
$178,750
Assessed 2023
Previous assessed
$178,750
+0.0% YoY
Effective rate
13.42%
On assessed value
Assessed land
$59,950
Assessed improvement
$118,800
Land market value
$545,000
Improvement market value
$1,080,000
Total market value
$1,625,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
YES
Stories
1
Total area
18,049 SF
Lot
1.25 ac (54,494 SF)
Zoning code
CH
APN
03150-93-16-01090
UPID
US69-0670334
Jurisdiction
TULSA
Zoning & alternative use
CH · Tulsa, OK
Zoning CH · permitted uses
CH · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
Yes
Stories
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
The Sally B Mccoy Trust No 2
Trust
Free & Clear · 4 yrs held
Mailing address
1241 S HARVARD AVE, TULSA, OK 74112-4915
Ownership since
2021
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
Sep 17, 2021
—
Schwanke Holdings LLC
—
Deed
related
$125,000 · Tulsa FCU
Jul 6, 2021
$1,625,000
The Sally B Mccoy Trust No 2
Newport Square Lcl
Warranty Deed
—
Jan 4, 2007
—
Newport Square LLC
Loebner,lynn
Quit Claim Deed
related
—
—
—
Dickason L K
—
Deed Of Trust
related
$467,378 · National Bank Commerce Tr & Sa
—
—
Lynn Loebner
—
Deed Of Trust
related
$221,957 · Valley National Bank
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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