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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5111 Memorial Dr Tulsa, OK 74145-9007

    • Specialty properties
    • 4,350 SF
    • 155.93 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0407810
    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

    • Memorial Park Cemetery / Cemetery

    Property Details for 5111 Memorial Dr

    Year built
    1927
    Construction
    STEEL FRAME
    Lot size
    155.93 lot acres
    Property size
    4,350 SF
    Zone code
    RS3
    Property type
    Specialty properties
    APN
    99336-93-36-02780
    APU
    99336933602780

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.882
    Latitude
    36.0863
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $13,584,400
    $3,559,957
    $17,144,357

    Comparable in this City

    • Value Estimation by Request
      14,266 SF

      9350 51st St

      CREMATORIUM, MORTUARY • 14,266 SF
      9350 51st St, Tulsa, OK 74145-9031
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    • Value Estimation by Request

      7619 46Th Pl

      Specialty properties
      7619 46Th Pl, Tulsa, OK 74145
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    • Value Estimation by Request
      2,845 SF

      6589 Ba Frontage Rd

      CREMATORIUM, MORTUARY • 2,845 SF
      6589 Ba Frontage Rd, Tulsa, OK 74145-1100
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    • Value Estimation by Request
      6,816 SF

      5757 Memorial Dr

      CREMATORIUM, MORTUARY • 6,816 SF
      5757 Memorial Dr, Tulsa, OK 74145-9004
      View Details
    • Value Estimation by Request
      4,474 SF

      3509 79th E Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,474 SF
      3509 79th E Ave, Tulsa, OK 74145-1337
      View Details
    • Value Estimation by Request
      27,500 SF

      4955 Memorial Dr

      Wedding venues • 27,500 SF
      4955 Memorial Dr, Tulsa, OK 74145
      View Details

    Similar Nearby for Sale

    • $295,000

      Commercial Land on Memorial Drive

      0.40 acre commercial land with utilities and pylon sign.
      5332 S Memorial Dr, Tulsa, OK 74145
      View Details
    • $75,000
      2 SF

      Prime Retail Land in Tulsa

      Exceptional land opportunity for retail development in a thriving Tulsa location.
      South Memorial Dr, Tulsa, OK 74145
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    • New
      $1,190,000
      12,628 SF

      Versatile Commercial Building in Tulsa

      12,600+ sq ft building suitable for industrial, warehouse, or office.
      6580 E Skelly Dr, Tulsa, OK 74145
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    • $1,068,120
      12,420 SF

      Industrial Property with Gated Yards

      Two buildings with warehouse space and gated yards for sale.
      8173-8175 E 46Th St, Tulsa, OK 74145
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    • $2,868,852
      13,500 SF

      Retail Property with Lease Extension

      Retail property featuring a corporate-guaranteed lease with increases.
      4971 S Memorial Dr, Tulsa, OK 74145
      View Details
    • $625,000
      6,000 SF

      Climate Controlled Production/Warehouse Space

      6,000 SF climate-controlled space with office and production areas.
      3916 S Sheridan Rd, Tulsa, OK 74145
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    Similar Nearby for Lease

    • $12 SF/Yr
      87,700 SF

      Fountain Plaza Office Park

      Tulsa Office Space: 7 Suites Available
      4815 Sheridan Rd, Tulsa, OK 74145
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    • $8 SF/Yr
      13,225 SF

      Retail Space Available For Lease

      Large retail space available for lease in Tulsa, Oklahoma.
      8010 E 51St St, Tulsa, OK 74145
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    • $9 SF/Yr
      3,400 SF

      Retail Space in Midtown Location

      Retail space for rent in a convenient Midtown location.
      5028 S Sheridan Rd, Tulsa, OK 74145
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    • $15 SF/Yr
      5,621 SF

      Sunbelt Building: Tulsa Office Space

      South Tulsa Office Suites - 269-832 sq ft
      5530 79Th Pl, Tulsa, OK 74145
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    • $12 SF/Yr
      2,024 SF

      Office Space with Private Entry

      Office space featuring six offices, wet bar, and reception area.
      5840 S Memorial Dr, Tulsa, OK 74145
      View Details
    • $9 SF/Yr
      7,883 SF

      Climate Controlled Warehouse Space

      7,883 SF climate-controlled warehouse space with office and amenities.
      4343 S Memorial Dr, Tulsa, OK 74145
      View Details
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    5111 Memorial Dr
    Tulsa, OK 74145-9007
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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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