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Property profile & analytics
FOR LEASE
Flex space
6935 E 12Th St, Tulsa, OK 74112
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US69-2401257
For Lease
1 / 19
$8 SF/Yr
6935 E 12Th St, Tulsa, OK 74112
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1975
Construction
STEEL FRAME
Total area
9,840 SF
Lot
0.55 ac (24,002 SF)
Zoning code
IM
APN
37850-93-11-09700
UPID
US69-2401257
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
-
Ready Services, LLC Plumbing Service General Contractor
-
Lakeshore Athletic Services Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$685k
Owner & transaction history
691712 LLC · 1 yrs held
691712 LLC
since 2024
Last sale
$738,000
7 recorded transactions
Zoning & alternative use
IM · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+68.9%
Neighborhood: shopping center
$710,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$675,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$635,000
Current use
RETAIL STORES
$1,070,000
Change: +69% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $738k (Apr 16 2024)
Last sale anchor
$738k
Apr 16 2024
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
$70 / 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
$3,913
Tax year 2023
Assessed value
$29,150
Assessed 2023
Previous assessed
$29,150
+0.0% YoY
Effective rate
13.42%
On assessed value
Assessed land
$7,920
Assessed improvement
$21,230
Land market value
$72,000
Improvement market value
$193,000
Total market value
$265,000
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
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
9,840 SF
Lot
0.55 ac (24,002 SF)
Zoning code
IM
APN
37850-93-11-09700
UPID
US69-2401257
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
$635,000
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
INDUSTRIAL (GENERAL) Current
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
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
691712 LLC
Entity
Mailing address
6935 E 12TH ST, TULSA, OK 74112-5605
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
$738,000
691712 LLC
Rsm Holdings LLC
Warranty Deed
$702,080 · Bokf NA
Mar 6, 2019
—
Rsm Holdings LLC
—
Trustees Deed
related
$335,000 · Central Bk/ok
Jul 26, 2016
$265,000
Rsm Holdings LLC
Lake Shore Athletic Svcs INC
Warranty Deed
related
$259,604 · Central Bk
May 11, 2015
$290,000
Lake Shore Athletic Services INC
Mirage LLC
Warranty Deed
$240,000 · Mirage LLC
Dec 27, 2005
$580,000
Mirage LLC
Centrifugal Casting Machine
Warranty Deed
$240,000 · Summit Bank
Dec 15, 2004
—
Centrifugal Casting Machine Co
Centrifugal Casting Machine
Quit Claim Deed
related
$675,000 · Summit Bank
Mar 5, 2004
$158,000
Casting Machine Co
Ccm Ltd
Grant Deed
—
—
—
Rsm Holdings LLC
—
Deed Of Trust
related
$250,000 · City Nat'l Bk
—
—
Mirage LLC
—
Deed Of Trust
related
$245,000 · Bank Of The Lakes 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.
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