New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,845,000
Office buildings
6506 Lewis Ave B, Tulsa, OK 74136-1047
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0173616
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
WOOD FRAME
Total area
69,279 SF
Lot
3.09 ac (134,426 SF)
Zoning code
CS
APN
32200-83-06-01095
UPID
US69-0173616
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
-
GRF Capitol Investors Inc Financial Advisor
-
Archer Ray CPA Accounting Firm Tax Preparation
-
Everything Insurance Group - Formerly Medicare Enroll USA Insurance Agency
-
FedEx Drop Box Postal Service Courier Service
-
Southern Ridge Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.50M
Blend (final)
Blend
$5.85M
Owner & transaction history
Southern Ridge Properties LLC · 21 yrs held
Southern Ridge Properties LLC
since 2004
3 recorded transactions
Zoning & alternative use
CS · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.5M
+27.0%
Commercial (general)
$9.4M
+25.9%
Retail stores
$7.5M
+0.8%
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
OFFICE BUILDING
$7,475,000
Current use
AUTO REPAIR, GARAGE
$9,495,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,410,000
Change: +26% · Conversion: Easy
RETAIL STORES
$7,535,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$5.85M
Range $5.26M – $6.43M · ±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
$84 / 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
$41,197
Tax year 2023
Assessed value
$306,867
Assessed 2023
Previous assessed
$411,741
-25.5% YoY
Effective rate
13.43%
On assessed value
Assessed land
$88,726
Assessed improvement
$218,141
Land market value
$806,600
Improvement market value
$1,983,100
Total market value
$2,789,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
69,279 SF
Lot
3.09 ac (134,426 SF)
Zoning code
CS
APN
32200-83-06-01095
UPID
US69-0173616
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
OFFICE BUILDING Current
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$9.4M
RETAIL STORES
Est. value
$7.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1990
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
3.09 ac
Current owner
From public records · entity-resolved
Southern Ridge Properties LLC
Entity
Mailing address
1801 S GARNETT RD, TULSA, OK 74128-1813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2008
—
Southern Ridge Properties LLC
—
Trustees Deed
related
$100,000 · Amegy Bank NA
Dec 21, 2004
$3,400,000
Southern Ridge Properties LLC
Irp Of Coury-southern Ridge LLC
Grant Deed
related
$2,000,000 · Southwest Bank Of Texas
—
—
Southern Ridge Properties LLC
—
Deed Of Trust
related
$500,000 · Amegy Bank NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6506 Lewis Ave, Unit B?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
