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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6523 Independence St Tulsa, OK 74115-7861

    • Flex space
    • 8,800 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Mar 25, 2020
    $270,000
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0088319
    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.

    Current Use by Public Records

    • EA Stone, LLC | Tulsa Granite, Quartz & Marble Countertops / Countertop Contractor / Granite Supplier
    • Tulsa, OK / Plumber

    Property Details for 6523 Independence St

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.57 lot acres
    Property size
    8,800 SF
    Zone code
    IL
    Property type
    Flex space
    APN
    29525-03-35-11120
    APU
    29525033511120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $240,000
      ML approach
      $320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $207,000
      Market price range: $99.9k - $295k

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9034
    Latitude
    36.1667
    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
    $4,388
    $3,200
    $29,486
    $32,686
    -
    $30,900
    $284,700
    $315,600

    Comparable in this City

    • Value Estimation
      $635,000
      125,018 SF

      7217 Pne St

      LIGHT INDUSTRIAL • 125,018 SF
      7217 Pne St, Tulsa, OK 74115-5649
      View Details
    • Value Estimation
      $425,000
      28,336 SF

      5111 36th N St

      LIGHT INDUSTRIAL • 28,336 SF
      5111 36th N St, Tulsa, OK 74115-1903
      View Details
    • Value Estimation
      $580,000
      11,515 SF

      4941 Admiral Pl

      LIGHT INDUSTRIAL • 11,515 SF
      4941 Admiral Pl, Tulsa, OK 74115-8405
      View Details
    • Value Estimation
      $460,000
      112,544 SF

      3515 Dawson Rd

      LIGHT INDUSTRIAL • 112,544 SF
      3515 Dawson Rd, Tulsa, OK 74115-4954
      View Details
    • Value Estimation
      $310,000
      10,800 SF

      2876 Sheridan Rd

      LIGHT INDUSTRIAL • 10,800 SF
      2876 Sheridan Rd, Tulsa, OK 74115-2304
      View Details
    • Value Estimation
      $255,000
      11,250 SF

      9323 44th N St

      LIGHT INDUSTRIAL • 11,250 SF
      9323 44th N St, Tulsa, OK 74115
      View Details

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    Similar Nearby for Lease

    • $7 SF/Yr
      5,000 SF

      Industrial Space with Climate Control

      5,000 SF industrial space featuring climate control.
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      View Details
    • $7 SF/Yr
      26,000 SF

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      Industrial warehouse space available for lease in Tulsa, Oklahoma.
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    • Contact for pricing
      14,688 SF

      Industrial Property with Showroom Space

      Two-building industrial property featuring showroom, warehouse, and production space.
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    • $6 SF/Yr
      5,250 SF

      Industrial Space with Apartment

      Warehouse space featuring an upstairs one-bedroom apartment.
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      View Details
    • $1,050,000
      9,600 SF

      9,600 SF Warehouse For Rent

      9,600 SF warehouse with showroom, office, and mezzanine storage.
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    • $15 SF/Yr
      3,750 SF

      Medical Clinic Space Available

      Medical clinic space featuring multiple exam rooms and large lobby.
      3336 E 32Nd Pl, Tulsa, OK 74115
      View Details
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    6523 Independence St
    Tulsa, OK 74115-7861
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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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