Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    618 3rd St Tulsa, OK 74120-2408
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    618 3rd St Tulsa, OK 74120-2408

    View on Map
    • Office buildings
    • 7,568 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US69-2442325
    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.
    Value Estimations
    $980,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Yount & Co / Insurance Agency

    Property Details for 618 3rd St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.18 lot acres
    Property size
    7,568 SF
    Zone code
    CBD
    Property type
    Office buildings
    APN
    00500-92-01-36380
    APU
    500920136380

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,339,000
      Market price range: $561k - $1.34M
      AI Estimate
      $788,000
      Market price range: $242k - $789k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $895,000
      Current use
      MEDICAL BUILDING
      $1,300,000
      Change: +45% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,035,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,030,000
      Change: +15% Conversion: Easy
      RETAIL STORES
      $825,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.983
    Latitude
    36.156
    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
    $22,077
    $10,956
    $153,494
    $164,450
    -
    $99,600
    $1,395,400
    $1,495,000

    Comparable in this City

    • Value Estimation
      $1,320,000
      10,559 SF

      111 Elgin Ave

      OFFICE BUILDING • 10,559 SF
      111 Elgin Ave, Tulsa, OK 74120-1816
      View Details
    • Value Estimation
      $2,090,000
      26,884 SF

      608 3rd St

      OFFICE BUILDING • 26,884 SF
      608 3rd St, Tulsa, OK 74120-2408
      View Details
    • Value Estimation
      $890,000
      9,728 SF

      621 4th St

      OFFICE BUILDING • 9,728 SF
      621 4th St, Tulsa, OK 74120-3017
      View Details
    • Value Estimation by Request
      946 SF

      1415 6th St

      OFFICE BUILDING • 946 SF
      1415 6th St, Tulsa, OK 74120-4023
      View Details
    • Value Estimation by Request
      345 SF

      1133 11th St

      OFFICE BUILDING • 345 SF
      1133 11th St, Tulsa, OK 74120-4407
      View Details
    • Value Estimation
      $560,000
      12,950 SF

      314 3rd St

      OFFICE BUILDING • 12,950 SF
      314 3rd St, Tulsa, OK 74120-2402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,360 SF

      Tulsa Commercial Building For Sale

      Commercial building near downtown Tulsa, Utica Square, and Hillcrest Hospital.
      1430 S Quaker Ave, Tulsa, OK 74120
      View Details
    • Contact for pricing
      5,642 SF

      Modern Office Building with Garage

      Renovated office building with drive-in garage and solar panels.
      1126 S Frankfort Ave, Tulsa, OK 74120
      View Details
    • $875,000
      4,450 SF

      Downtown Tulsa Commercial Opportunity

      Freestanding building in Tulsa's East Village District with expansion potential.
      621 S Kenosha Ave, Tulsa, OK 74120
      View Details
    • Contact for pricing
      11,280 SF

      Retail Space in Dining Corridor

      Highly visible retail space in a proven dining and entertainment corridor.
      502 E 3Rd St, Tulsa, OK 74120
      View Details
    • $489,000
      3,634 SF

      Six-Unit Multifamily Investment Opportunity

      Six units in up-and-coming Neon Quarter near Cherry Street.
      1215 S Quincy Ave, Tulsa, OK 74120
      View Details
    • Contact for pricing

      Tulsa CBD Blocks Opportunity

      Rare opportunity to acquire Tulsa CBD blocks for sale.
      525 S Elgin Ave, Tulsa, OK 74120
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tulsa Mixed-Use Development For Rent

      Large mixed-use development featuring office, retail, hotel, and residences.
      S Elgin Ave, Tulsa, OK 74120
      View Details
    • $32 SF/Yr
      54,658 SF

      Blue Dome District Office Space

      Office space for lease in the Blue Dome District.
      521 East 2Nd St South, Tulsa, OK 74120
      View Details
    • Contact for pricing

      Move-in Ready Tulsa Office Space

      Office spaces ready for call center or large office users.
      175 E 2Nd St S, Tulsa, OK 74120
      View Details
    • Contact for pricing
      3,616 SF

      Renovated Office Space with Amenities

      3616 sqft renovated office space with loading dock.
      415 E 12Th St, Tulsa, OK 74120
      View Details
    • $16 SF/Yr
      1,228 SF

      Updated Office Space in Tulsa

      Updated office suites in Tulsa's Central Business District for rent.
      816-822 E 6Th St, Tulsa, OK 74120
      View Details
    • $22 SF/Yr
      45,403 SF

      Historic Tulsa Office Sublease

      Plug & Play office space in the Tulsa Historic District.
      600 East 4Th St, Tulsa, OK 74120
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    618 3rd St
    Tulsa, OK 74120-2408
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!