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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6124 51st Pl Ste A Tulsa, OK 74135-7716

    • Strip malls
    • 8,282 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0522852
    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

    • Bill & Ruth's Sub Shop / Deli / Takeout Restaurant
    • Jerusalem Market International Grocery / Grocery Store
    • Tulsa Style / Barber Shop / Hair Salon
    • Beyond Skin Deep Mobile Wellness Spa / Massage Therapist / Skin Care Clinic
    • Asian Rose Spa / Massage Therapist / Massage Spa

    Property Details for 6124 51st Pl Ste A

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.52 lot acres
    Property size
    8,282 SF
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    15810-93-34-07700
    APU
    15810933407700

    Description

    This exceptional commercial property, located at 6124 E 51st Pl in Tulsa, Oklahoma (zip code 74135), offers 1,600 square feet of versatile space ideal for retail or office use. Situated in Tulsa County, this multi-tenant building presents a unique opportunity for businesses seeking a prominent location. The property is currently the last available space within the building, making it a highly sought-after opportunity. The address provides excellent visibility and accessibility, benefiting from its location at the intersection of 51st and Sheridan. The 1,600 square feet offers a flexible layout adaptable to a variety of business needs. This is a fantastic chance to establish or expand your business in a thriving Tulsa market. The property's classification as both retail and office allows for a broad range of potential tenants. Interested parties are encouraged to act quickly, as this is the final available space in this desirable location. The property is ready for immediate occupancy. Further details regarding lease terms and conditions are available upon request. This prime location in Tulsa offers unparalleled access to a large customer base and strong local infrastructure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $314,000
      Market price range: $165k - $422k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $535,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9059
    Latitude
    36.0887
    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
    $8,872
    $12,375
    $53,713
    $66,088
    -
    $112,500
    $488,300
    $600,800

    Comparable in this City

    • Value Estimation
      $340,000
      11,840 SF

      6390 31st St

      SHOPPING CENTER, STRIP CENTER • 11,840 SF
      6390 31st St, Tulsa, OK 74135-5478
      View Details
    • Value Estimation
      $510,000
      17,000 SF

      3382 51st St

      SHOPPING CENTER, STRIP CENTER • 17,000 SF
      3382 51st St, Tulsa, OK 74135-3512
      View Details
    • Value Estimation
      $345,000
      19,600 SF

      6129 31st St

      SHOPPING CENTER, STRIP CENTER • 19,600 SF
      6129 31st St, Tulsa, OK 74135-5411
      View Details
    • Value Estimation
      $310,000
      6,063 SF

      3703 Harvard Ave

      SHOPPING CENTER, STRIP CENTER • 6,063 SF
      3703 Harvard Ave, Tulsa, OK 74135
      View Details
    • Value Estimation
      $335,000
      4,580 SF

      3515 31st St

      SHOPPING CENTER, STRIP CENTER • 4,580 SF
      3515 31st St, Tulsa, OK 74135-1520
      View Details
    • Value Estimation
      $595,000
      31,900 SF

      4713 41st St

      SHOPPING CENTER, STRIP CENTER • 31,900 SF
      4713 41st St, Tulsa, OK 74135-2534
      View Details

    Similar Nearby for Sale

    • $7,745,000
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      Tulsa Retail Investment Opportunity

      Retail property with ground lease and restaurant pad included.
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    • $680,000
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      Well-Maintained Retail Building For Sale

      2,130 SF retail building on 0.71 acre site.
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      High-Traffic Retail/Medical Property For Sale

      12,450 SF retail/medical property on 0.91 acres.
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    • $2,960,000
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      New Freddy’s Restaurant For Sale

      New Freddy’s restaurant with drive-thru, opening August 2025.
      5119 E 51St St, Tulsa, OK 74135
      View Details
    • $1,800,000
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      Tulsa Office Building For Sale

      18,219 SF office building available in Tulsa, Oklahoma.
      4325 E 51St St, Tulsa, OK 74135
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    • $1,550,000
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      MidTown Tulsa Renovated Apartment Building

      16-unit apartment building in MidTown Tulsa, recently renovated.
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    Similar Nearby for Lease

    • Contact for pricing
      5,386 SF

      Retail Space in Tulsa Mall Corridor

      Retail space for lease in high-traffic Tulsa Promenade Mall corridor.
      5527 E 41St St, Tulsa, OK 74135
      View Details
    • $14 SF/Yr
      2,080 SF

      Prime Retail Space For Lease

      High-traffic location near Reasor's, AMC, and Chick-fil-A.
      4002 S Yale Ave, Tulsa, OK 74135
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Tulsa Promenade

      Retail space for lease in high-traffic Tulsa Promenade Mall.
      5629 E 41St St, Tulsa, OK 74135
      View Details
    • $14 SF/Yr
      11,573 SF

      Harvard Ave Retail Center

      Tulsa Strip Mall - 9 Suites Available
      4775 Harvard Ave, Tulsa, OK 74135
      View Details
    • Contact for pricing
      2,501 SF

      Retail Space in Tulsa Center

      Retail space in a strong retail corridor with national tenants.
      5309-5315 E 41St St, Tulsa, OK 74135
      View Details
    • Contact for pricing
      20,880 SF

      Retail Space in Central Tulsa

      Retail space available in central Tulsa with high traffic.
      5356-5636 E Skelly Dr, Tulsa, OK 74135
      View Details
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    6124 51st Pl Ste A
    Tulsa, OK 74135-7716
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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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