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Property profile & analytics
OFF-MARKET
Estimated value
$3,865,000
Outlet malls
5732 49th W Ave Tulsa, OK 74107-8819
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0083310
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1978
Construction
STEEL FRAME
Total area
26,950 SF
Lot
6.41 ac (279,220 SF)
Zoning code
CH
APN
99232-92-32-22100
UPID
US69-0083310
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
$3.99M
Comparable Approach
Comparable
$4.31M
Blend (final)
Blend
$3.87M
Owner & transaction history
Lumber Indl Portfolio LLC · 7 yrs held
Lumber Indl Portfolio LLC
since 2019
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
CH · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+118.9%
Medical building
$4.6M
+57.9%
Auto repair, garage
$3.7M
+26.0%
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%
$4,325,000
6.5%
$3,990,000
7%
$3,705,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,930,000
Current use
RESTAURANT
$6,415,000
Change: +119% · Conversion: Easy
MEDICAL BUILDING
$4,625,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,695,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,660,000
Change: +25% · Conversion: Easy
OFFICE BUILDING
$3,190,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$3.87M
Range $3.48M – $4.25M · ±10% · vs last sale $3.50M (Aug 8 2024)
Last sale anchor
$3.50M
Aug 8 2024
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
$36,105
Tax year 2023
Assessed value
$282,205
Assessed 2023
Previous assessed
$282,205
+0.0% YoY
Effective rate
12.79%
On assessed value
Assessed land
$92,070
Assessed improvement
$190,135
Land market value
$837,000
Improvement market value
$1,728,500
Total market value
$2,565,500
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
26,950 SF
Lot
6.41 ac (279,220 SF)
Zoning code
CH
APN
99232-92-32-22100
UPID
US69-0083310
Jurisdiction
TULSA
Zoning & alternative use
CH · Tulsa, OK
Zoning CH · permitted uses
CH · 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
RETAIL STORES Current
Est. value
$2.9M
RESTAURANT
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1978
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
6.41 ac
Current owner
From public records · entity-resolved
Lumber Indl Portfolio LLC
Entity
Mailing address
510 E MEMORIAL RD STE A4, OKLAHOMA CITY, OK 73114-2218
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2019
$2,565,500
Lumber Indl Portfolio LLC
15600 Investments LLC
Grant Deed
$5,829,386 · Watermark Bank
Mar 22, 2018
—
15600 Investments LLC
—
Loan Modification
related
$8,000,000 · Firstar Bk/davenport
Dec 15, 2014
—
15600 Investments LLC
—
Loan Modification
related
$8,000,000 · Firstar Bk
Sep 18, 2014
—
Building Solutions LLC
—
Loan Modification
related
$8,000,000 · Firstar Bk
Mar 21, 2013
$1,675,000
15600 Investments LLC
West Avenue Investments LLC
Warranty Deed
$1,280,000 · First State Bank
Feb 25, 2013
—
15600 Investments LLC
—
Grant Deed
related
$4,001,992 · Firstar Bk/davenport
Aug 26, 2011
$1,526,000
West Avenue Investments LLC
Pierce Hardy LP
Grant Deed
$1,220,000 · Security Bank
May 5, 2008
—
Hardy Pierce
—
Deed Of Trust
related
$195,000,000 · Ableco Finance LLC
—
—
15600 Investments LLC
—
Loan Modification
related
$8,000,000 · Firstar Bk
—
—
15600 Investments LLC
—
Loan Modification
related
$8,000,000 · Firstar Bank
—
—
15600 Investments LLC
—
Loan Modification
related
$10,000,000 · Firstar Bk
—
—
15600 Investments LLC
—
Loan Modification
related
$10,000,000 · Firstar Bk
—
—
15600 Investments LLC
—
Deed Of Trust
related
$1,863,504 · Bank2
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.
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