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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Outlet malls
3720 Admiral Pl Tulsa, OK 74115-8304
Entity Owned
12-yr Hold
Free & Clear
Property ID
US69-0586005
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1955
Construction
WOOD FRAME
Total area
25,540 SF
Lot
2.23 ac (97,095 SF)
Zoning code
CH
APN
28400-93-04-09260
UPID
US69-0586005
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
-
Locke Supply Co - #89 - HVAC Supply Big Box & Wholesale Store
-
Locke Supply Co - #64 - Electrical Supply Building Supply Electrical Service
-
Locke Supply Co - #8 - Plumbing Supply Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$990k
Owner & transaction history
Locke Supply Co · 12 yrs held
Locke Supply Co
since 2013
7 recorded transactions
Zoning & alternative use
CH · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10%
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
$39 / 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
$10,200
Tax year 2023
Assessed value
$75,977
Assessed 2023
Previous assessed
$75,977
+0.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$21,362
Assessed improvement
$54,615
Land market value
$194,200
Improvement market value
$496,500
Total market value
$690,700
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1955
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
25,540 SF
Lot
2.23 ac (97,095 SF)
Zoning code
CH
APN
28400-93-04-09260
UPID
US69-0586005
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.
Building & site characteristics
From public records
Year built
1955
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Locke Supply Co
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 22845, OKLAHOMA CITY, OK 73123-1845
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2013
$250,000
Locke Supply Co
Jjg Properties LLC
Grant Deed
—
Oct 17, 2013
$250,000
Locke Supply Co
Jjg Properties LLC
Warranty Deed
—
Oct 17, 2013
—
Jjg Properties LLC
Jjg Properties LLC
Quit Claim Deed
related
—
Mar 21, 2013
—
Jjg Properties LLC
Wk Myers Family LP
Quit Claim Deed
related
—
Feb 19, 2013
—
Jjg Properties LLC
Wk Myers Family LP
Quit Claim Deed
related
—
Jan 3, 2013
—
Jjg Properties LLC
Wk Myers Family LP
Quit Claim Deed
related
—
May 20, 1998
$1,050,000
Pacific American Exchange Corp
H W Allen Co
Grant Deed
$700,000 · Citizens Bank Of Tulsa
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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