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    505 36th N St Tulsa, OK 74106-1812
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    505 36th N St Tulsa, OK 74106-1812

    View on Map
    • Community centers
    • 105,199 SF
    • 11.31 lot acres
    Off-Market
    Property ID
    US69-0614345
    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.
    Value Estimations
    $2,605,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Redyke Kathryn E / Physician
    • Neighbor For Neighbor / Charitable Organization / Social Service Agency
    • Northland Center / Business Service Center / Corporate Office
    • Neighbor For Neighbor - Food Distribution Center / Food Bank / Charitable Organization

    Property Details for 505 36th N St

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.31 lot acres
    Property size
    105,199 SF
    Zone code
    CH
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    29575-02-13-03580
    APU
    29575021303580

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,228,000
      Market price range: $2.23M - $5.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9874
    Latitude
    36.2069
    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
    $1,967
    $4,534
    $10,117
    $14,651
    -
    $515,196
    $1,029,905
    $1,545,101

    Comparable in this City

    • Value Estimation
      $1,895,000
      11,011 SF

      305 Pne St

      WHOLESALE OUTLET, DISCOUNT STORE • 11,011 SF
      305 Pne St, Tulsa, OK 74106-4856
      View Details
    • Value Estimation
      $1,095,000
      39,978 SF

      535 45th N Pl

      SHOPPING CENTER, STRIP CENTER • 39,978 SF
      535 45th N Pl, Tulsa, OK 74106
      View Details
    • Value Estimation
      $700,000
      24,814 SF

      543 Apache St

      SHOPPING CENTER, STRIP CENTER • 24,814 SF
      543 Apache St, Tulsa, OK 74106-3801
      View Details
    • Value Estimation by Request
      5,520 SF

      2103 Martin Luther King Jr Blvd, Unit A

      SHOPPING CENTER, STRIP CENTER • 5,520 SF
      2103 Martin Luther King Jr Blvd, Tulsa, OK 74106-6421
      View Details
    • Value Estimation
      $1,510,000
      14,472 SF

      1605 Peoria Ave

      SHOPPING CENTER, STRIP CENTER • 14,472 SF
      1605 Peoria Ave, Tulsa, OK 74106-4412
      View Details
    • Value Estimation by Request
      7,620 SF

      744 Pne St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,620 SF
      744 Pne St, Tulsa, OK 74106-5925
      View Details

    Similar Nearby for Sale

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      2,246 SF

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    • $350,000
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      Iconic Tulsa Property For Sale

      Turnkey opportunity with flexible seller financing and low down payment.
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    • $50,000
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      Residential Land in Tulsa, OK

      Residential land for sale in Tulsa, Oklahoma.
      1728 N Rockford Ave, Tulsa, OK 74106
      View Details
    • $50,000
      Pending

      Land For Sale, Tulsa

      Land available in Tulsa, Oklahoma.
      1728 N Rockford Ave, Tulsa, OK 74106
      View Details
    • $45,000
      0.16 Acres

      Vacant Lots Package in Tulsa

      Three vacant lots totaling approximately 0.16 acres each.
      2836 N Hartford Ave, Tulsa, OK 74106
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,198 SF

      Retail Space on N Peoria

      Retail space available for lease with high traffic counts.
      1717 N Peoria Ave, Tulsa, OK 74106
      View Details
    • Contact for pricing
      52,500 SF

      Tulsa Warehouse & Distribution Space

      495,000 SF warehouse centrally located with access to major highways.
      7001-7087 E 38Th St, Tulsa, OK 74106
      View Details
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    Tulsa, OK 74106-1812
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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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