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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
409 Main St Tulsa, OK 74103-1611
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US69-0710733
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,430 SF
Lot
0.32 ac (13,809 SF)
Zoning code
CBD
APN
00500-92-02-25270
UPID
US69-0710733
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
-
Soundpony Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$525k
Owner & transaction history
David Sharp · 1 yrs held
David Sharp
since 2024
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
CBD · 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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Aug 7 2024)
Last sale anchor
$525k
Aug 7 2024
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
$46 / 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
$5,491
Tax year 2023
Assessed value
$40,901
Assessed 2023
Previous assessed
$40,901
+0.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$8,404
Assessed improvement
$32,497
Land market value
$207,000
Improvement market value
$800,400
Total market value
$1,007,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
11,430 SF
Lot
0.32 ac (13,809 SF)
Zoning code
CBD
APN
00500-92-02-25270
UPID
US69-0710733
Jurisdiction
TULSA
Zoning & alternative use
CBD · Tulsa, OK
Zoning CBD · permitted uses
CBD · 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
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
David Sharp
Individual
Mailing address
1500 S FRISCO AVE #2, TULSA, OK 74119-3800
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
$525,000
David Sharp
Davenport Urban Lofts LLC
Warranty Deed
$420,000 · New Fed Mortgage Corp
Jun 11, 2024
$1,397,000
The Garrett 2018 Trust
Davenport Urban Lofts LLC
Warranty Deed
—
Jan 4, 2024
$1,284,000
Greg A Gangas
Davenport Urban Lofts LLC
Warranty Deed
—
Aug 29, 2018
—
Omicron Land Dev LLC
—
Deed
related
$13,956,000 · Regent Bk
Feb 24, 2015
—
North Main LLC
North Main LLC
Quit Claim Deed
—
Jan 27, 2010
—
North Main LLC
North Main LLC
Quit Claim Deed
related
—
Dec 26, 2002
$225,000
North Main LLC
Born,sidney L & Christine
Grant Deed
—
—
—
North Main LLC
—
Deed Of Trust
related
$500,000 · First Nat'l Bk&tr/okmulge
—
—
Omicron Land Dev LLC
—
Deed Of Trust
related
$13,956,000 · Regent 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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