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    Property profile & analytics

    6122 Memorial Dr Tulsa, OK 74133-1933

    • Office buildings
    • 1,352 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Feb 10, 2021
    $120,000
    Value Estimations
    $105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0452205
    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

    • True North Homes LLC / Custom Home Builder
    • Gomez Christopher DC / Chiropractor

    Property Details for 6122 Memorial Dr

    Year built
    1982
    Construction
    WOOD FRAME
    Lot size
    0.04 lot acres
    Property size
    1,352 SF
    Zone code
    CS
    Property type
    Office buildings
    APN
    39314-83-02-18300
    APU
    39314830218300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $95,000
      ML approach
      $70,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $132,000
      Market price range: $122k - $230k
      AI Estimate
      $58,000
      Market price range: $37.9k - $124k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $145,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8873
    Latitude
    36.0748
    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
    $1,772
    $7,139
    $6,061
    $13,200
    -
    $64,900
    $55,100
    $120,000

    Comparable in this City

    • Value Estimation
      $305,000
      12,454 SF

      6931 66th E Ave

      OFFICE BUILDING • 12,454 SF
      6931 66th E Ave, Tulsa, OK 74133-1754
      View Details
    • Value Estimation
      $615,000
      62,352 SF

      8506 61st St

      OFFICE BUILDING • 62,352 SF
      8506 61st St, Tulsa, OK 74133-1916
      View Details
    • Value Estimation
      $1,280,000
      5,957 SF

      8006 101st E Ave

      OFFICE BUILDING • 5,957 SF
      8006 101st E Ave, Tulsa, OK 74133-4573
      View Details
    • Value Estimation
      $335,000
      9,415 SF

      9125 Sheridan Rd

      OFFICE BUILDING • 9,415 SF
      9125 Sheridan Rd, Tulsa, OK 74133-5330
      View Details
    • Value Estimation
      $515,000
      3,223 SF

      8301 74th Pl

      OFFICE BUILDING • 3,223 SF
      8301 74th Pl, Tulsa, OK 74133-2971
      View Details
    • Value Estimation
      $375,000
      9,394 SF

      7702 91st St

      OFFICE BUILDING • 9,394 SF
      7702 91st St, Tulsa, OK 74133-6054
      View Details

    Similar Nearby for Sale

    • $2,765,000
      11,066 SF

      Tulsa Office Building For Sale

      Office building with 11,066 square feet of space available.
      8308 E 91St St, Tulsa, OK 74133
      View Details
    • $3,400,000
      53,132 SF

      South Tulsa Office Building

      Two-story office, medical, and retail building in South Tulsa.
      8321 E 61St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      4,332 SF

      Tulsa Office/Medical Building For Sale

      Professional office/medical building in Tulsa's Burning Tree Executive Park.
      8137 E 63Rd Pl, Tulsa, OK 74133
      View Details
    • Contact for pricing
      4,164 SF

      South Tulsa Investment Opportunity

      Office building in South Tulsa, great investment opportunity.
      6550 E 71St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      10,826 SF

      Tulsa Office Building - Fully Leased

      Prime South Tulsa location, 10,826 sq ft.
      6550 71St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      3,500 SF

      Move-In Ready Executive Suite

      3,500 SF executive suite, ideal for medical or professional office.
      8126 S Mingo Rd, Tulsa, OK 74133
      View Details

    Similar Nearby for Lease

    • $65 SF/Yr
      9,000 SF

      Tulsa Executive Office Suites

      Premium Tulsa Office Space, Flexible Options
      8211 Regal Pl, Tulsa, OK 74133
      View Details
    • Contact for pricing
      92,632 SF

      Tulsa Retail Center: Prime Location

      Thriving Tulsa retail space available.
      9137 71St St, Tulsa, OK 74133
      View Details
    • $11 SF/Yr
      17,527 SF

      Regus Memorial Place Office Suites

      Tulsa, OK Executive Office Space Available
      7633 63Rd Pl, Tulsa, OK 74133
      View Details
    • $18 SF/Yr
      2,370 SF

      Office Space with Creek Turnpike Access

      Office space featuring easy access and monument signage available.
      10106 E 79Th St, Tulsa, OK 74133
      View Details
    • $18 SF/Yr
      2,250 SF

      Office Space with Multiple Entrances

      Office space featuring multiple entrances, conference room, and break room.
      8211 S Regal Blvd, Tulsa, OK 74133
      View Details
    • $16 SF/Yr
      1,470 SF

      Office Space Available For Rent

      Office space featuring offices, kitchen, and reception area.
      8282 S Memorial Dr, Tulsa, OK 74133
      View Details
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    6122 Memorial Dr
    Tulsa, OK 74133-1933
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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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