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

    6650 Lewis Ave Tulsa, OK 74136-1040

    • Office buildings
    • 4,942 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Nov 21, 2023
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0551456
    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

    • Andrea Byers / Occupational Therapist
    • Mark Westby & Associates / Trucking Company
    • Breast and Body Thermography Center / Doctor
    • HEAL Foundation / Foundation

    Property Details for 6650 Lewis Ave

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    0.47 lot acres
    Property size
    4,942 SF
    Zone code
    CS
    Property type
    Office buildings
    APN
    98306-83-06-49300
    APU
    98306830649300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $378,000
      Market price range: $121k - $629k

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9584
    Latitude
    36.0664
    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
    $6,453
    $18,150
    $29,920
    $48,070
    -
    $165,000
    $272,000
    $437,000

    Comparable in this City

    • Value Estimation
      $330,000
      18,690 SF

      1414 71st St

      OFFICE BUILDING • 18,690 SF
      1414 71st St, Tulsa, OK 74136-5075
      View Details
    • Value Estimation
      $260,000
      4,200 SF

      6802 Granite Ave

      OFFICE BUILDING • 4,200 SF
      6802 Granite Ave, Tulsa, OK 74136
      View Details
    • Value Estimation
      $540,000
      26,056 SF

      6216 Lewis Ave

      OFFICE BUILDING • 26,056 SF
      6216 Lewis Ave, Tulsa, OK 74136-1044
      View Details
    • Value Estimation
      $680,000
      48,037 SF

      6450 Lewis Ave

      OFFICE BUILDING • 48,037 SF
      6450 Lewis Ave, Tulsa, OK 74136-1045
      View Details
    • Value Estimation by Request
      51,423 SF

      6655 Lewis Ave

      OFFICE BUILDING • 51,423 SF
      6655 Lewis Ave, Tulsa, OK 74136-1061
      View Details
    • Value Estimation by Request
      27,613 SF

      5303 71st St

      OFFICE BUILDING • 27,613 SF
      5303 71st St, Tulsa, OK 74136-6269
      View Details

    Similar Nearby for Sale

    • $4,995,000
      37,700 SF

      Office Building with Ample Parking

      Ground-level office building featuring excellent visibility and multiple entrances.
      7127 Riverside Pkwy, Tulsa, OK 74136
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    • $2,975,000
      49,532 SF

      49,532 SF Office Building For Sale

      49,532 SF Office Building For Sale
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    • $3,200,000
      40,000 SF

      Two-Building Office Property on Yale

      Two 2-story office buildings with excellent visibility and parking.
      6711-6717 S Yale Ave, Tulsa, OK 74136
      View Details
    • $930,000
      7,776 SF

      Prime Tulsa Office Building

      7,776 sq ft, Move-In Ready
      1375 71St St, Tulsa, OK 74136
      View Details
    • $2,667,000
      1,600 SF

      Tulsa Starbucks Investment Opportunity

      Prime QSR location, 10-year lease, strong ROI.
      1340 71St St, Tulsa, OK 74136
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    • $85,000
      0.59 Acres

      Commercial Lot Ready for Development

      Commercial lot with utilities in place, ready for development.
      1140 E 64Th St, Tulsa, OK 74136
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,946 SF

      Office Tower with Business Center

      Ten-story office tower with business center and updated HVAC.
      7130-7140 S Lewis Ave, Tulsa, OK 74136
      View Details
    • $8 SF/Yr
      2,358 SF

      Tulsa Office Space Available

      Office spaces for lease in River Oaks Office Park.
      1422 E 71St St, Tulsa, OK 74136
      View Details
    • $14 SF/Yr
      2,325 SF

      Office Space Available For Rent

      Office space featuring reception area, offices, and open workspace.
      6717 S Yale Ave, Tulsa, OK 74136
      View Details
    • $16 SF/Yr
      1,813 SF

      South Tulsa Office Space Available

      Office complex in a well-known Tulsa location for lease.
      7010-7060 S Yale Ave, Tulsa, OK 74136
      View Details
    • $14 SF/Yr
      46,810 SF

      Tulsa Office Space for Lease

      Modern Office Suites, Flexible Sizes
      6450 Lewis Ave, Tulsa, OK 74136
      View Details
    • $16 SF/Yr
      2,500 SF

      South Tulsa Office/Medical Space

      Office or medical space in South Tulsa with dedicated parking.
      7040 S Yale Ave, Tulsa, OK 74136
      View Details
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    6650 Lewis Ave
    Tulsa, OK 74136-1040
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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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