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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Retail space
6136 51st St Tulsa, OK 74135-7704
Entity Owned
9-yr Hold
Free & Clear
Property ID
US69-0019318
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
STEEL FRAME
Total area
8,544 SF
Lot
0.42 ac (18,208 SF)
Zoning code
CS
APN
15810-93-34-07480
UPID
US69-0019318
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
-
Cpcsi Business Management Consultant
-
The Apothecary Shoppe Pharmacy
-
CareFirst Insurance Insurance Agency
-
Shelton & Shelton Masonry General Contractor
-
Lees Deril J Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$860k
Owner & transaction history
Mtc Properties LLC · 9 yrs held
Mtc Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
CS · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+26.0%
Commercial (general)
$1.2M
+24.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$930,000
Current use
AUTO REPAIR, GARAGE
$1,170,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,160,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±10%
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
$101 / 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
$17,721
Tax year 2023
Assessed value
$132,000
Assessed 2023
Previous assessed
$132,000
+0.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$18,018
Assessed improvement
$113,982
Land market value
$163,800
Improvement market value
$1,036,200
Total market value
$1,200,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
2
Total area
8,544 SF
Lot
0.42 ac (18,208 SF)
Zoning code
CS
APN
15810-93-34-07480
UPID
US69-0019318
Jurisdiction
TULSA
Zoning & alternative use
CS · Tulsa, OK
Zoning CS · permitted uses
CS · 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
$930,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1974
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Mtc Properties LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2530 N ELM PL, BROKEN ARROW, OK 74012-1285
Ownership since
2016
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
Sep 15, 2020
—
Mtc Propertis LLC
—
Deed
related
$3,665,789 · Rcb Bank
Sep 22, 2016
$2,200,000
Mtc Properties LLC
Robbin G Lees
Warranty Deed
—
Nov 9, 2009
—
Riggs Companies
Enlow,chad A & Julia D
Warranty Deed
related
—
Feb 6, 2008
—
Deril J Lees
—
Trustees Deed
related
$940,000 · Security Bank
Dec 17, 2007
$655,000
Lees Deril J Living Trust
Felts Fine Jewelry INC
Warranty Deed
$724,000 · Security Bank
Jun 16, 2006
—
Felts Fine Jewelry INC
Felts,timothy W & Kimberly R
Quit Claim Deed
related
—
—
—
Deril J Lees
—
Deed Of Trust
related
$1,040,000 · Security Bank
—
—
Lees Deril J & Robbin G Trust
—
Deed Of Trust
related
$931,413 · Security Bank
—
—
Deril J Lees
—
Deed Of Trust
related
$1,664,000 · Security Bank
—
—
Deril J Lees
—
Deed Of Trust
related
$1,040,000 · Security Bank
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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