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    65 N Madison Ave Tulsa, OK 74120
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    65 N Madison Ave Tulsa, OK 74120

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    • Flex space
    • 26,931 SF
    • 4.31 lot acres
    For Lease
    $6 SF/Yr
    View Listing →
    Frisco Yards Retail Opportunity For Lease
    $6 SF/Yr
    24,594 SF

    Frisco Yards Retail Opportunity

    25,000 SF brick building in up-and-coming Frisco Yards.

    65 N MADISON AVE, Tulsa, OK
    View Listing
    Property ID
    US69-0456656
    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
    $1,955,000
    Cap Rate Potential
    6.1%
    Flex space
    Location Intelligence

    Current Use by Public Records

    • Lahmeyer Welding / General Contractor

    Property Details for 65 N Madison Ave

    Year built
    1930
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.31 lot acres
    Property size
    26,931 SF
    Zone code
    IM
    Property type
    Flex space
    APN
    99201-92-01-05470
    APU
    99201920105470

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,736,000
      Market price range: $708k - $2.90M
      AI Estimate
      $1,179,000
      Market price range: $805k - $1.64M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9792
    Latitude
    36.1618
    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
    $12,966
    $37,847
    $58,734
    $96,581
    -
    $375,100
    $582,100
    $957,200

    Comparable in this City

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      6,000 SF

      1202 1st St

      LIGHT INDUSTRIAL • 6,000 SF
      1202 1st St, Tulsa, OK 74120-2002
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      552 Quincy Ave

      LIGHT INDUSTRIAL • 4,480 SF
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      427 Rockford Ave

      LIGHT INDUSTRIAL • 4,788 SF
      427 Rockford Ave, Tulsa, OK 74120-3415
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      1,624 SF

      566 Quincy Ave

      LIGHT INDUSTRIAL • 1,624 SF
      566 Quincy Ave, Tulsa, OK 74120-4033
      View Details
    • Value Estimation by Request
      7,850 SF

      504 Trenton Ave

      LIGHT INDUSTRIAL • 7,850 SF
      504 Trenton Ave, Tulsa, OK 74120-4018
      View Details

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      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
    • $2,250,000
      2,100 SF

      Tulsa Whataburger NNN Investment Property

      NNN leased Whataburger in Tulsa with over 8 years remaining.
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      Tulsa CBD Blocks Opportunity

      Rare opportunity to acquire Tulsa CBD blocks for sale.
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      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
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      Industrial Land Near Downtown Tulsa

      26-acre industrial land with utilities, near downtown Tulsa.
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    • $1,700,000
      7,128 SF

      Pearl District Four-Unit Property

      Four-unit property in Tulsa's vibrant Pearl District.
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    Similar Nearby for Lease

    • $22 SF/Yr
      45,403 SF

      Tulsa Flex Space Available

      Flex space with open layout and dedicated entrance for rent.
      600-624 E 4Th St, Tulsa, OK 74120
      View Details
    • Contact for pricing

      Industrial Space Near Downtown Tulsa

      Industrial space with flexible floorplan, convenient highway access.
      61 N Peoria Ave, Tulsa, OK 74120
      View Details
    • $2,000 /Mo
      5,445 SF

      Tulsa Warehouse & Grow Space

      Versatile warehouse in Tulsa's Pearl District, ideal for storage.
      1530 E 5Th Ct, Tulsa, OK 74120
      View Details
    • Contact for pricing
      10,000 SF

      Tulsa Warehouse Space Available

      10,000 SF warehouse space for lease in Tulsa.
      1655 E 6Th St, Tulsa, OK 74120
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    • Contact for pricing
      4,800 SF

      Retail Location for Lease

      Retail space suitable for bar, restaurant, brewery, or event center.
      723 E 2Nd St, Tulsa, OK 74120
      View Details
    • Contact for pricing
      15,750 SF

      Frisco Yards Retail Opportunity

      25,000 SF brick building in up-and-coming Frisco Yards.
      65 N Madison Ave, Tulsa, OK 74120
      View Details
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    65 N Madison Ave
    Tulsa, OK 74120
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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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