Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4616 Admiral Pl Tulsa, OK 74115-7442

    • Commercial real estate
    • 12,558 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $2,490,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0198463
    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

    • Invictus Armed Defense | Conceal Carry Tulsa / Training Center / Sports School
    • 2A Shooting Center, LLC. / Training Centre / Gun Shop

    Property Details for 4616 Admiral Pl

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.01 lot acres
    Property size
    12,558 SF
    Zone code
    CH
    Property type
    Commercial real estate
    APN
    40550-93-04-16120
    APU
    40550930416120

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,980,000
      6.5%
      $1,825,000
      7%
      $1,695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,544,000
      Market price range: $536k - $3.60M
      AI Estimate
      $3,105,000
      Market price range: $803k - $3.19M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,705,000
      Current use
      RESTAURANT
      $2,990,000
      Change: +75% Conversion: Difficult
      MEDICAL BUILDING
      $2,155,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,720,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9247
    Latitude
    36.1602
    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
    $8,574
    $13,255
    $50,611
    $63,866
    -
    $120,500
    $460,100
    $580,600

    Comparable in this City

    • Value Estimation by Request
      1.58 Acres

      75 Norwood Ave

      COMMERCIAL (GENERAL) • 1.58 Acres
      75 Norwood Ave, Tulsa, OK 74115
      View Details
    • Value Estimation
      $3,095,000
      16,911 SF

      6904 Pne St

      COMMERCIAL (GENERAL) • 16,911 SF
      6904 Pne St, Tulsa, OK 74115
      View Details
    • Value Estimation by Request
      9.55 Acres

      5311 Archer St

      COMMERCIAL (GENERAL) • 9.55 Acres
      5311 Archer St, Tulsa, OK 74115
      View Details
    • Value Estimation
      $1,105,000
      6,000 SF

      2702 Sheridan Rd

      COMMERCIAL (GENERAL) • 6,000 SF
      2702 Sheridan Rd, Tulsa, OK 74115-2360
      View Details
    • Value Estimation by Request
      10.99 Acres

      6116 30th N St

      COMMERCIAL (GENERAL) • 10.99 Acres
      6116 30th N St, Tulsa, OK 74115-2923
      View Details
    • Value Estimation
      $980,000
      5,054 SF

      8904 Admiral Pl

      COMMERCIAL (GENERAL) • 5,054 SF
      8904 Admiral Pl, Tulsa, OK 74115-8128
      View Details

    Similar Nearby for Sale

    • $695,000
      5,075 SF

      Tulsa Creative Office Space

      5,075 SF Office, Updated, Ideal Location
      1245 Canton Ave, Tulsa, OK 74115
      View Details
    • $295,000
      10,144 SF

      Tulsa Storage Building - $295K

      Spacious Tulsa storage, religious use potential.
      2024 Maplewood Ave, Tulsa, OK 74115
      View Details
    • $250,000
      10,116 SF

      Historic Anne's Bakery: Tulsa Investment

      Prime Tulsa mixed-use building, high traffic.
      7 Harvard Ave, Tulsa, OK 74115
      View Details
    • Contact for pricing

      Remodeled Commercial Building with Versatile Layout

      Remodeled commercial building with fenced yards, new HVAC, and more.
      804 S Sheridan Rd, Tulsa, OK 74115
      View Details
    • $34,900
      0.16 Acres

      Buildable Residential Lots Near Downtown

      Six lots near downtown Tulsa with development potential.
      3711 E 29Th Pl N, Tulsa, OK 74115
      View Details
    • $1,300,000
      10,317 SF

      Historic Corner Commercial Building

      High-visibility Tulsa building ideal for retail, office, or mixed-use.
      15 N Harvard Ave, Tulsa, OK 74115
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      26,000 SF

      26,000 SF Industrial Warehouse

      Industrial warehouse space available for lease in Tulsa, Oklahoma.
      5309 E Pine St, Tulsa, OK 74115
      View Details
    • $15 SF/Yr
      3,750 SF

      Medical Clinic Space Available

      Medical clinic space featuring multiple exam rooms and large lobby.
      3336 E 32Nd Pl, Tulsa, OK 74115
      View Details
    • $10 SF/Yr
      39,876 SF

      Admiral Shopping Center: Value-Add Opportunity

      Tulsa Retail Center - Sale or Lease
      6921 E. Admiral Place, Tulsa, OK 74115
      View Details
    • $17 SF/Yr
      1,125 SF

      Turnkey Retail Space Available

      Retail space for rent with high daily traffic count.
      3701-3703 S Harvard Ave, Tulsa, OK 74115
      View Details
    • Contact for pricing

      Prime Land Near Tulsa Airport

      58 acres of land near Tulsa International Airport terminal.
      7699 East Virgin St, Tulsa, OK 74115
      View Details
    • Contact for pricing
      420 SF

      Office Space with Signage, Parking

      Full-service office space featuring optimal signage and parking.
      3939 S Harvard Ave, Tulsa, OK 74115
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4616 Admiral Pl
    Tulsa, OK 74115-7442
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.