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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Medical Office Space
3902 Peoria Ave Tulsa, OK 74105
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US69-0684996
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
WOOD FRAME
Total area
8,509 SF
Lot
1.03 ac (44,780 SF)
Zoning code
RS3
APN
35850-92-24-09250
UPID
US69-0684996
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$1.16M
Owner & transaction history
Remainder L & C A B C Unitrust Trust · 6 yrs held
Remainder L & C A B C Unitrust Trust
since 2019
6 recorded transactions
Zoning & alternative use
RS3 · Tulsa, OK
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%
$1,520,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,460,000
Current use
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$136 / 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
$30,421
Tax year 2023
Assessed value
$226,600
Assessed 2023
Previous assessed
$226,600
+0.0% YoY
Effective rate
13.42%
On assessed value
Assessed land
$123,123
Assessed improvement
$103,477
Land market value
$1,119,300
Improvement market value
$940,700
Total market value
$2,060,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
8,509 SF
Lot
1.03 ac (44,780 SF)
Zoning code
RS3
APN
35850-92-24-09250
UPID
US69-0684996
Jurisdiction
TULSA
Zoning & alternative use
RS3 · Tulsa, OKZoning RS3 · permitted uses
RS3 · Tulsa, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.5M
MEDICAL BUILDING Current
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
1996
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Remainder L & C A B C Unitrust Trust
Trust
Free & Clear · 6 yrs held
Mailing address
6140 S MEMORIAL DR, TULSA, OK 74133-1933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2019
—
Remainder L & C A B C Unitrust Trust
Lorbran Properties LLC
Warranty Deed
related
—
Oct 23, 2017
—
Lorbran Properties LLC
—
Deed
related
$852,204 · Prosperity Bk
May 10, 2017
—
Lobran Properties LLC
—
Deed
related
$852,204 · Prosperity Bk
Sep 18, 2009
$1,095,000
Lorbran Properties LLC
Realty Income Corp
Grant Deed
$880,000 · F & M Bank & Trust Co
—
—
Lobran Properties LLC
—
Loan Modification
related
$852,204 · Prosperity Bk
—
—
Lorbran Properties LLC
—
Loan Modification
related
$852,204 · Prosperity Bk
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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