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    3324 31st St Tulsa, OK 74135-1516

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    3324 31st St Tulsa, OK 74135-1516

    View on Map
    • Strip malls
    • 20,800 SF
    • 1.58 lot acres
    Off-Market
    Property ID
    US69-2370465
    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.
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Midtown Martial Arts / Sports School / Training Center
    • The Half Acre / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Market 31 / Food Market / Grocery & Convenience Store
    • Ranch Acres Wine & Spirits / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Ford's Barber Shop Tulsa / Barber Shop

    Property Details for 3324 31st St

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.58 lot acres
    Property size
    20,800 SF
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    01450-93-21-01290
    APU
    1450932101290

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $826,000
      Market price range: $414k - $1.06M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,500,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,340,000
      Change: -11% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9387
    Latitude
    36.1183
    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
    $23,322
    $63,938
    $109,780
    $173,718
    -
    $689,000
    $1,183,000
    $1,872,000

    Comparable in this City

    • Value Estimation
      $1,190,000
      44,460 SF

      5970 31st St

      SHOPPING CENTER, STRIP CENTER • 44,460 SF
      5970 31st St, Tulsa, OK 74135-5100
      View Details
    • Value Estimation
      $795,000
      8,932 SF

      3747 Harvard Ave

      SHOPPING CENTER, STRIP CENTER • 8,932 SF
      3747 Harvard Ave, Tulsa, OK 74135-2270
      View Details
    • Value Estimation
      $1,365,000
      14,915 SF

      5525 41st St

      SHOPPING CENTER, STRIP CENTER • 14,915 SF
      5525 41st St, Tulsa, OK 74135-6008
      View Details
    • Value Estimation
      $550,000
      5,400 SF

      4301 31st St

      SHOPPING CENTER, STRIP CENTER • 5,400 SF
      4301 31st St, Tulsa, OK 74135-1512
      View Details
    • Value Estimation
      $1,040,000
      11,840 SF

      6390 31st St

      SHOPPING CENTER, STRIP CENTER • 11,840 SF
      6390 31st St, Tulsa, OK 74135-5478
      View Details
    • Value Estimation
      $1,560,000
      17,000 SF

      3382 51st St

      SHOPPING CENTER, STRIP CENTER • 17,000 SF
      3382 51st St, Tulsa, OK 74135-3512
      View Details

    Similar Nearby for Sale

    • $7,745,000
      88,023 SF

      Tulsa Retail Investment Opportunity

      Retail property with ground lease and restaurant pad included.
      3103 South Harvard Ave, Tulsa, OK 74135
      View Details
    • Contact for pricing
      13,160 SF

      Retail Property in Midtown Tulsa

      Renovated, fully occupied retail property in a high-traffic Tulsa corridor.
      3701 S Harvard Ave, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,130 SF

      Well-Maintained Retail Building For Sale

      2,130 SF retail building on 0.71 acre site.
      6116 W 41St St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,795 SF

      New Freddy’s Restaurant For Sale

      New Freddy’s restaurant with drive-thru, opening August 2025.
      5119 E 51St St, Tulsa, OK 74135
      View Details
    • $151,000
      0.49 Acres

      Vacant Lot in Central Tulsa

      Ready-to-build lot near shopping, dining, and schools.
      5427 E 32Nd Pl, Tulsa, OK 74135
      View Details
    • Contact for pricing
      575 SF

      Tulsa Office Building For Sale

      18,219 SF office building available in Tulsa, Oklahoma.
      4325 E 51St St, Tulsa, OK 74135
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,080 SF

      Prime Retail Space For Lease

      High-traffic location near Reasor's, AMC, and Chick-fil-A.
      4002 S Yale Ave, Tulsa, OK 74135
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Tulsa Promenade

      Retail space for lease in high-traffic Tulsa Promenade Mall.
      5629 E 41St St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      5,386 SF

      Retail Space in Tulsa Mall Corridor

      Retail space for lease in high-traffic Tulsa Promenade Mall corridor.
      5527 E 41St St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      20,880 SF

      Retail Space in Central Tulsa

      Retail space available in central Tulsa with high traffic.
      5356-5636 E Skelly Dr, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,501 SF

      Retail Space in Tulsa Center

      Retail space in a strong retail corridor with national tenants.
      5309-5315 E 41St St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,501 SF

      Regional Power Center For Rent

      Retail spaces in a regional power center anchored by Reasor’s.
      4909 E 41St St, Tulsa, OK 74135
      View Details
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    Tulsa, OK 74135-1516
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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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