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Property profile & analytics
FOR LEASE
Flex space
65 N Madison Ave, Tulsa, OK 74120
Entity Owned
4-yr Hold
Free & Clear
Property ID
US69-0456656
For Lease
1 / 2
$6 SF/Yr
65 N Madison Ave, Tulsa, OK 74120
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,931 SF
Lot
4.31 ac (187,569 SF)
Zoning code
IM
APN
99201-92-01-05470
UPID
US69-0456656
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
-
Lahmeyer Welding General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.96M
Owner & transaction history
Tiger Holdings LLC · 4 yrs held
Tiger Holdings LLC
since 2021
Last sale
$2.7M
6 recorded transactions
Zoning & alternative use
IM · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.2M
+83.9%
Retail stores
$2.9M
+68.9%
Neighborhood: shopping center
$1.9M
+12.0%
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
$2,115,000
ML approach
$1,970,000
CAP Approach
CAP Return
Estimation
6%
$2,160,000
6.5%
$1,990,000
7%
$1,850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,735,000
Current use
OFFICE BUILDING
$3,190,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$2,930,000
Change: +69% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,940,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.96M
Range $1.76M – $2.15M · ±10% · vs last sale $2.70M (Nov 8 2021)
Last sale anchor
$2.70M
Nov 8 2021
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
$73 / 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
$12,966
Tax year 2023
Assessed value
$96,581
Assessed 2023
Previous assessed
$91,982
+5.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$37,847
Assessed improvement
$58,734
Land market value
$375,100
Improvement market value
$582,100
Total market value
$957,200
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
26,931 SF
Lot
4.31 ac (187,569 SF)
Zoning code
IM
APN
99201-92-01-05470
UPID
US69-0456656
Jurisdiction
TULSA
Zoning & alternative use
IM · Tulsa, OK
Zoning IM · permitted uses
IM · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
4.31 ac
Current owner
From public records · entity-resolved
Tiger Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1437 S BOULDER AVE STE #520, TULSA, OK 74119-3614
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2021
$2,700,000
Tiger Holdings LLC
Madison Mchine Works LLC
Warranty Deed
—
Apr 6, 2010
$650,000
Madison Machine Works LLC
Sheriff Of Tulsa County
Trustees Deed
$515,000 · Wrt Realty LLC
Dec 27, 2007
$500,000
G R Bell INC
Madison Machinery Co INC
Corporation Deed
$417,796 · Citizens Security Bank & Trust Co
—
—
Gr Bell INC
—
Deed Of Trust
related
$417,796 · Citizens Security Bank & Trust
—
—
Gr Bell INC
—
Deed Of Trust
related
$303,000 · Tulsa Economic Dev Corp
—
—
Gr Bell INC
—
Deed Of Trust
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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