Property profile

5840 S Memorial Dr Tulsa, OK 74145

FOR SALE
Office buildings
Saved · see the list in your Dashboard
Property ID
US69-0518436
61,118 SF 3.29 ac Built 1974
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is an office suite within an office building, configured around a hair salon floor plan. It features custom-designed office spaces arranged to support the operational flow of a salon-style layout. The building is located on the Memorial corridor and is positioned near banks, residential areas, restaurants, shopping centers, and recreational facilities. Covered tenant parking is provided for occupants, and a garden-like atmosphere is described as part of the building environment.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$27k
Tax billed · 2023
Assessed value$200k
Assessed land$72k
Assessed improvement$128k
Effective rate13.42%

Value estimate

· Nov 2026
$4.55M
$4.10M – $5.01M
Submarket $/SF estimate$4.53M
NOI build-up
Gross scheduled income$963k
Vacancy & credit loss−$43k
Operating expenses−$276k
NOI · 21.04% cap applied$644k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$118/SF
Submarket average, outlier-cleaned · 269 recorded sales of this use type
Observed band · Q1–Q3$74 – $177

Cap rate analysis

How does the asset earn?
21.04%
$644k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CS
CS Commercial Shopping CG Commercial General CH Commercial-High CBD Central Business IL Industrial-Light IM Industrial-Moderate IH Indust...
General categoryCOMMERCIAL
JurisdictionTULSA

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service10.1
Pawn Shop9.8
HVAC Service9.7

Location

5840 S Memorial Dr Tulsa, OK 74145
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8141 48th, Tulsa, OK 74145-6906 $3,445,000 Oct 2024 17,938 SF
5530 79th E, Tulsa, OK 74145-7852 $495,000 Nov 2023 5,621 SF
5550 94th E, Tulsa, OK 74145-8110 $820,000 Jul 2023 8,273 SF
3510 79th E, Tulsa, OK 74145-1337 $125,000 Oct 2021 11,420 SF
8166 44th, Tulsa, OK 74145-4831 $475,000 Sep 2021 11,196 SF
8301 51st, Tulsa, OK 74145-9014 $450,000 Sep 2020 27,360 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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