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    Property profile & analytics

    5520 Skelly Dr Tulsa, OK 74135-6404

    • Outlet malls
    • 45,136 SF
    • 4.44 lot acres
    OFF-MARKET
    Value Estimations
    $3,325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0356053
    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

    • Best Buy / Electronics & Wireless Store
    • Geek Squad / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Carrillo Motors LLC / Car Dealership
    • Midwest Radiayor Llc / Car Dealership

    Property Details for 5520 Skelly Dr

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    4.44 lot acres
    Property size
    45,136 SF
    Zone code
    CS
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    27440-93-27-27040
    APU
    27440932727040

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,254,000
      Market price range: $2.07M - $7.23M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,910,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9143
    Latitude
    36.0997
    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
    $58,665
    $171,589
    $265,397
    $436,986
    -
    $1,559,900
    $2,412,700
    $3,972,600

    Comparable in this City

    • Value Estimation by Request
      1,060 SF

      3807 Harvard Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 1,060 SF
      3807 Harvard Ave, Tulsa, OK 74135-4602
      View Details
    • Value Estimation
      $4,085,000
      52,686 SF

      6120 41st St

      WHOLESALE OUTLET, DISCOUNT STORE • 52,686 SF
      6120 41st St, Tulsa, OK 74135-6119
      View Details
    • Value Estimation
      $910,000
      23,400 SF

      5609 41st St

      SHOPPING CENTER, STRIP CENTER • 23,400 SF
      5609 41st St, Tulsa, OK 74135-6010
      View Details
    • Value Estimation
      $700,000
      8,232 SF

      6115 31st St

      SHOPPING CENTER, STRIP CENTER • 8,232 SF
      6115 31st St, Tulsa, OK 74135-5411
      View Details
    • Value Estimation
      $1,445,000
      18,049 SF

      3321 31st St

      SHOPPING CENTER, STRIP CENTER • 18,049 SF
      3321 31st St, Tulsa, OK 74135-1502
      View Details
    • Value Estimation by Request
      11,182 SF

      3133 Yale Ave

      SHOPPING CENTER, STRIP CENTER • 11,182 SF
      3133 Yale Ave, Tulsa, OK 74135-8007
      View Details

    Similar Nearby for Sale

    • $7,745,000
      88,023 SF

      Tulsa Retail Investment Opportunity

      Retail property with ground lease and restaurant pad included.
      3103 South Harvard Ave, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,795 SF

      New Freddy’s Restaurant For Sale

      New Freddy’s restaurant with drive-thru, opening August 2025.
      5119 E 51St St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,130 SF

      Well-Maintained Retail Building For Sale

      2,130 SF retail building on 0.71 acre site.
      6116 W 41St St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      108,230 SF

      Tulsa Warehouse with Extensive Office

      108,230 SF warehouse with 28,790 SF office space.
      6201 E 43Rd St, Tulsa, OK 74135
      View Details
    • $189,000
      480 SF

      Tulsa Office Space For Sale

      480 SF office space on a busy street in Tulsa.
      5912 E 31St St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      13,526 SF

      Midtown Tulsa Office Space Available

      Office suites available in Midtown Tulsa location.
      4625 Harvard Ave, Tulsa, OK 74135
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,880 SF

      Retail Space in Central Tulsa

      Retail space available in central Tulsa with high traffic.
      5356-5636 E Skelly Dr, Tulsa, OK 74135
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Tulsa Promenade

      Retail space for lease in high-traffic Tulsa Promenade Mall.
      5629 E 41St St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,501 SF

      Retail Space in Tulsa Center

      Retail space in a strong retail corridor with national tenants.
      5309-5315 E 41St St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,080 SF

      Prime Retail Space For Lease

      High-traffic location near Reasor's, AMC, and Chick-fil-A.
      4002 S Yale Ave, Tulsa, OK 74135
      View Details
    • Contact for pricing
      1,812 SF

      Retail Space in Tulsa Mall Corridor

      Retail space for lease in high-traffic Tulsa Promenade Mall corridor.
      5527 E 41St St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,501 SF

      Regional Power Center For Rent

      Retail spaces in a regional power center anchored by Reasor’s.
      4909 E 41St St, Tulsa, OK 74135
      View Details

    Property Visit Statistics

    • Visits by month
      30.9k
    • Visitors by month
      26.0k
    • Avg Time on site
      23 min
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    Tulsa, OK 74135-6404
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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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