New search
Property profile & analytics
FOR LEASE
Office buildings
5640 South Memorial Dr, Tulsa, OK 74145
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US69-0083307
For Lease
1 / 10
$15 SF/Yr
5640 South Memorial Dr, Tulsa, OK 74145
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
WOOD FRAME
Total area
3,646 SF
Lot
0.32 ac (13,983 SF)
Zoning code
OL
APN
27070-93-35-25690
UPID
US69-0083307
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
Current use
Occupant on record · Public records
-
Ray Schmeder, DC Alternative Medicine Practice
-
Dr. Steven Swyden Pediatrician Physician
-
Tomo Drug Testing Drug Testing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$645k
Blend (final)
Blend
$520k
Owner & transaction history
Omo Properties LLC · 5 yrs held
Omo Properties LLC
since 2021
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
OL · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$625,000
+45.0%
Auto repair, garage
$500,000
+15.8%
Commercial (general)
$495,000
+14.7%
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
$390,000
ML approach
$400,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$430,000
Current use
MEDICAL BUILDING
$625,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$500,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$495,000
Change: +15% · Conversion: Easy
RETAIL STORES
$395,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $500k (Jun 30 2021)
Last sale anchor
$500k
Jun 30 2021
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
$143 / 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
$7,384
Tax year 2023
Assessed value
$55,000
Assessed 2023
Previous assessed
$55,000
+0.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$10,780
Assessed improvement
$44,220
Land market value
$98,000
Improvement market value
$402,000
Total market value
$500,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1976
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
3,646 SF
Lot
0.32 ac (13,983 SF)
Zoning code
OL
APN
27070-93-35-25690
UPID
US69-0083307
Jurisdiction
TULSA
Zoning & alternative use
OL · Tulsa, OK
Zoning OL · permitted uses
OL · 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
OFFICE BUILDING Current
Est. value
$430,000
MEDICAL BUILDING
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$495,000
RETAIL STORES
Est. value
$395,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1976
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Omo Properties LLC
Entity
Mailing address
2055 S STEWART AVEA, SPRINGFIELD, MO 65804-2522
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
$500,000
Omo Properties LLC
Robert Staples James Revocble Inter
Warranty Deed
$400,000 · Ozark Bank
Nov 24, 2010
$412,000
James Robert S Trust
Grand Raptor LLC
Warranty Deed
—
Mar 31, 2009
$400,000
Grand Raptor LLC
Knox Oklahoma Regional Laborat
Quit Claim Deed
related
$340,000 · Bank Of Oklahoma
Dec 13, 2005
$200,000
Knox Oklahoma Regional Laborat
Knox Laboratory Services INC
Warranty Deed
$1,310,000 · Bank Of Oklahoma
Mar 22, 2004
$390,000
Knox Laboratory Service INC
Knox,geresa L
Grant Deed
related
—
May 1, 2001
—
Corley,tr
Corley & Grimes Dental Bldg
Quit Claim Deed
related
—
May 1, 2001
$385,000
Teresa L Knox
Corley,tr
Grant Deed
—
—
—
Knox Oklahoma Regional Laborat
—
Deed Of Trust
related
$100,000 · Bank Of Oklahoma
—
—
Knox Oklahoma Regional Laborat
—
Deed Of Trust
related
$1,125,000 · Summit Bank
—
—
Teresa L Acosta
—
Deed Of Trust
related
$292,000 · Bank Of Oklahoma
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
