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5630 Peoria Ave Tulsa, OK 74126-2421

OFF-MARKET Outlet malls Google Maps
8,320 SF 1.96 ac lot Built 2014
Trust Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$850k
Range $765k – $935k (±10%)
Property ID US69-0107032

Property summary

AI-generated overview

This ±4.71-acre industrial property, located at 5630 N Peoria Ave, Tulsa, OK 74126, presents a unique investment opportunity. The property is zoned IL and offers a flexible use designation as a warehouse, flex space, or research and development facility. Its strategic location provides convenient access from both 56th Street and Peoria Avenue, enhancing its logistical appeal. The expansive lot size allows for potential expansion and development. On-site detention capabilities are already in place, minimizing potential infrastructure costs associated with future expansion projects. The asking price for this versatile property is $295,000. This property is situated northwest of the intersection of 56th Street North and Peoria Avenue in Tulsa County, Oklahoma. The property's zoning and ample space make it suitable for a variety of industrial uses, offering significant potential for growth and return on investment. The existing infrastructure, including expandable detention, further enhances its value and practicality. This is an excellent opportunity to acquire a well-located and versatile industrial property in a growing market.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2014
Construction STEEL FRAME
Total area 8,320 SF
Lot 1.96 ac (85,160 SF)
Zoning code IL
APN 53450-02-01-02060
UPID US69-0107032

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$850k

Owner & transaction history

since 2014
Last sale
$530,000
6 recorded transactions
2014
$1.4M
2013
$167,000
2013
$95,000
2004
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IL · Tulsa, OK
Zoning description

IL Industrial-Light IM Industrial-Moderate IH Industrial-Heavy Most intensive O, C or I district B. Purposes. 1. General. Office, commercial and industrial zoning districts are intended to accommodate and promote neighbo…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $1.1M +26.0%
Commercial (general) $1.1M +24.9%
Office building $985,000 +8.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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