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    Property profile & analytics

    3711 Harvard Ave Tulsa, OK 74135-2291

    • Commercial land
    • 6,488 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    May 20, 2022
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0513895
    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

    • The Dog House Tulsa / Restaurant
    • McCoy and Son / General Contractor / Renovation Specialist
    • Michael Trupia - COUNTRY Financial Agent / Financial Advisor
    • Active Approach Chiropractic / Alternative Medicine Practice
    • Phat Tire Bike Shop / (Bike/Boat/Book/etc) Store

    Property Details for 3711 Harvard Ave

    Year built
    1960
    Construction
    WOOD FRAME
    Lot size
    0.47 lot acres
    Property size
    6,488 SF
    Zone code
    CS
    Property type
    Commercial land
    APN
    42275-93-21-13090
    APU
    42275932113090

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,020,000
      6.5%
      $945,000
      7%
      $875,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $880,000
      Current use
      MEDICAL BUILDING
      $1,115,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $890,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $705,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9399
    Latitude
    36.1091
    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
    $7,901
    $58,850
    $0.00
    $58,850
    -
    $535,000
    $0.00
    $535,000

    Comparable in this City

    • Value Estimation by Request
      0.52 Acres

      4442 Harvard Ave

      VACANT COMMERCIAL LAND • 0.52 Acres
      4442 Harvard Ave, Tulsa, OK 74135-2605
      View Details
    • Value Estimation by Request
      0.86 Acres

      4415 Harvard Ave

      VACANT COMMERCIAL LAND • 0.86 Acres
      4415 Harvard Ave, Tulsa, OK 74135-2620
      View Details
    • Value Estimation by Request
      1.05 Acres

      5304 Louisville Ave

      VACANT COMMERCIAL LAND • 1.05 Acres
      5304 Louisville Ave, Tulsa, OK 74135-3814
      View Details
    • Value Estimation by Request
      0.14 Acres

      3547 31st St

      VACANT COMMERCIAL LAND • 2,312 SF
      3547 31st St, Tulsa, OK 74135-1504
      View Details
    • Value Estimation
      $1,805,000
      0.19 Acres

      5810 Skelly Dr, Unit 11

      VACANT COMMERCIAL LAND • 96,101 SF
      5810 Skelly Dr, Tulsa, OK 74135-6420
      View Details
    • Value Estimation
      $3,265,000
      0.08 Acres

      4646 Fulton Ave

      VACANT COMMERCIAL LAND • 0.08 Acres
      4646 Fulton Ave, Tulsa, OK 74135-6717
      View Details

    Similar Nearby for Sale

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      Tulsa Office Space For Sale

      480 SF office space on a busy street in Tulsa.
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      Midtown Tulsa Office Space Available

      Office suites available in Midtown Tulsa location.
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      New Freddy’s Restaurant For Sale

      New Freddy’s restaurant with drive-thru, opening August 2025.
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      108,230 SF

      Tulsa Warehouse with Extensive Office

      108,230 SF warehouse with 28,790 SF office space.
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    Similar Nearby for Lease

    • $14 SF/Yr
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      Harvard Tower Office Building

      Midtown Tulsa Office Space Available
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      20,880 SF

      Retail Space in Central Tulsa

      Retail space available in central Tulsa with high traffic.
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      4,409 SF

      Retail Space Near Midtown Tulsa

      Retail space in central Tulsa with high traffic visibility.
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    • $11 SF/Yr
      23,792 SF

      5350 46Th St

      Office Units • 23,792 SF
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      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Harvard Avenue

      Retail space with high visibility near Sprouts and CVS.
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    • Contact for pricing
      31,460 SF

      High Profile Retail Box Available

      Retail space available in a high-traffic Tulsa location.
      5130 S Harvard Ave, Tulsa, OK 74135
      View Details
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    3711 Harvard Ave
    Tulsa, OK 74135-2291
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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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