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Property profile & analytics
FOR LEASE
Warehouses
5309 E Pine St Tulsa, OK 74115
Entity Owned
Absentee Owner
Free & Clear
Property ID
US69-1329211
For Lease
1 / 3
$7 SF/Yr
5309 E Pine St, Tulsa, OK 74115
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,948 SF
Lot
4.43 ac (193,014 SF)
Zoning code
IL
APN
90327-03-27-34805
UPID
US69-1329211
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
$3.41M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$2.67M
Owner & transaction history
Tee Time Development LLC
Tee Time Development LLC
since 2025
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
IL · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.1M
+58.8%
Neighborhood: shopping center
$2.7M
+5.3%
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%
$3,690,000
6.5%
$3,410,000
7%
$3,165,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,600,000
Current use
RETAIL STORES
$4,125,000
Change: +59% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,735,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±10% · vs last sale $2.66M (May 11 2025)
Last sale anchor
$2.66M
May 11 2025
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
$70 / 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
$20,106
Tax year 2023
Assessed value
$149,765
Assessed 2023
Previous assessed
$149,765
+0.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$21,230
Assessed improvement
$128,535
Land market value
$193,000
Improvement market value
$1,168,500
Total market value
$1,361,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
YES
Stories
1
Total area
37,948 SF
Lot
4.43 ac (193,014 SF)
Zoning code
IL
APN
90327-03-27-34805
UPID
US69-1329211
Jurisdiction
TULSA
Zoning & alternative use
IL · Tulsa, OK
Zoning IL · permitted uses
IL · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.6M
RETAIL STORES
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
Yes
Stories
1
Lot
4.43 ac
Current owner
From public records · entity-resolved
Tee Time Development LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8104 S SHERIDAN RD, TULSA, OK 74133-4133
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2025
$2,660,000
Tee Time Development LLC
Siegis Sausage House INC
Warranty Deed
—
Aug 25, 2022
—
Siegi S Sausage House INC
Base INC
Correction Deed
related
—
Dec 10, 2021
$1,500,000
Siegls Sausage House INC
Base INC
Warranty Deed
—
Oct 28, 2019
—
Base INC
—
Grant Deed
related
$2,000,000 · Oklahoma Cap 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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