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    5332 S Memorial Dr Tulsa, OK 74145
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    5332 S Memorial Dr Tulsa, OK 74145

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    • Office buildings
    • 4,925 SF
    • 0.40 lot acres
    For Sale
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    5332 S Memorial Dr , Tulsa, OK For Sale
    Contact for pricing

    5332 S Memorial Dr , Tulsa, OK

    0.40 acre commercial land with utilities and pylon sign.

    5332 S Memorial Dr, Tulsa, OK 74145
    View Listing
    Property ID
    US69-0123949
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Let's Talk, LLC / Counselor
    • Suite One Twenty-Seven Salon and Spa / Hair Salon / Nail Salon
    • Styled By Sessions / Hair Salon
    • Tootsies The Nail Studio / Nail Salon

    Property Details for 5332 S Memorial Dr

    Year built
    1985
    Construction
    WOOD FRAME
    Lot size
    0.40 lot acres
    Property size
    4,925 SF
    Zone code
    OL
    Property type
    Office buildings
    APN
    46130-93-35-25760
    APU
    46130933525760

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $628,000
      Market price range: $365k - $872k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $585,000
      Current use
      MEDICAL BUILDING
      $845,000
      Change: +45% Conversion: Easy
      AUTO REPAIR, GARAGE
      $675,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $670,000
      Change: +15% Conversion: Easy
      RETAIL STORES
      $535,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8869
    Latitude
    36.0865
    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
    $4,888
    $7,700
    $28,710
    $36,410
    -
    $70,000
    $261,000
    $331,000

    Comparable in this City

    • Value Estimation by Request
      2,265 SF

      5520 Memorial Dr

      OFFICE BUILDING • 2,265 SF
      5520 Memorial Dr, Tulsa, OK 74145-9018
      View Details
    • Value Estimation
      $1,995,000
      23,814 SF

      7906 33rd St

      OFFICE BUILDING • 23,814 SF
      7906 33rd St, Tulsa, OK 74145-1308
      View Details
    • Value Estimation
      $2,145,000
      25,604 SF

      6878 Ba Frontage Rd

      OFFICE BUILDING • 25,604 SF
      6878 Ba Frontage Rd, Tulsa, OK 74145-1104
      View Details
    • Value Estimation
      $730,000
      6,420 SF

      6030 66th E Ave

      OFFICE BUILDING • 6,420 SF
      6030 66th E Ave, Tulsa, OK 74145-9236
      View Details
    • Value Estimation by Request
      4,048 SF

      7941 57th St

      OFFICE BUILDING • 4,048 SF
      7941 57th St, Tulsa, OK 74145-8645
      View Details
    • Value Estimation by Request
      1,984 SF

      8512 46th St

      OFFICE BUILDING • 1,984 SF
      8512 46th St, Tulsa, OK 74145-4804
      View Details

    Similar Nearby for Sale

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      Climate Controlled Production/Warehouse Space

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      12,600+ sqft commercial building suitable for various business operations.
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      Two buildings with warehouse space and gated yards for sale.
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      Commercial Land on Signalized Corner

      2.60-acre commercial land near major expressways.
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      Commercial Land on Memorial Drive

      0.40 acre commercial land with utilities and pylon sign.
      5332 S Memorial Dr, Tulsa, OK 74145
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,873 SF

      Adaptable Office/Flex Service Center

      Quality office/flex space with premium finishes and convenient location.
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      Flexible Office Suites in Tulsa

      Office suites for lease in east Tulsa location.
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      2,021 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
    • Contact for pricing
      628 SF

      Modern Office Space For Rent

      Well-maintained office space with flexible floor plan and ample parking.
      8301 E 51St St, Tulsa, OK 74145
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    • $15 SF/Yr
      1,157 SF

      Tulsa Office/Medical Space For Rent

      Office/medical space on Tulsa’s Memorial Drive near restaurants and retail.
      5640 South Memorial Dr, Tulsa, OK 74145
      View Details
    • $6 SF/Yr

      Climate-Controlled Flex Space in Tulsa

      38,896 SF flex space with office and warehouse components.
      7700 E 38Th St, Tulsa, OK 74145
      View Details
    View Listing
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    Tulsa, OK 74145
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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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