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    7 Harvard Ave Tulsa, OK 74115
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    Property profile & analytics

    7 Harvard Ave, Tulsa, OK 74115

    View on Map
    • Retail space
    • 10,116 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US69-0278836
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 7 Harvard Ave

    Year built
    1940
    Lot size
    0.17 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional 10,116 square foot, two-story building, located at 7 N Harvard Ave, Tulsa, OK 74115, presents a unique investment opportunity. Built in 1940 and extensively renovated in 2022, this property boasts a prime location on a high-traffic corner, benefiting from 65,500 cars daily passing by on North Harvard and Admiral, alongside Interstate 244. The 0.17-acre lot houses a single building with a versatile layout suitable for various uses. Currently configured as a mixed-use space, the first floor features modern retail/storefront and warehouse space, while the second floor comprises apartments. The building's adaptable design allows for a wide range of possibilities, including warehouse distribution, multifamily housing, storefront retail, grocery, pharmacy, or restaurant operations. The asking price is $250,000, translating to $24.71 per square foot. This property is an excellent choice for investors seeking high-return potential in a thriving Tulsa location. The building's recent renovation ensures modern amenities and functionality, minimizing immediate capital expenditure needs. Don't miss this chance to acquire a significant piece of Tulsa's commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.940226934148
    Latitude
    36.160195072724

    Comparable in this City

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      10,144 SF

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      Church and Remodeled House

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    • $1,785,000
      35,680 SF

      35,680 SF Warehouse Buildings

      Two warehouse buildings totaling 35,680 SF on 2.43 acres.
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    • $43,000
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      Residential Land in Tulsa, OK

      Three city lots available for building in Tulsa, Oklahoma.
      Easton St E, Tulsa, OK 74115
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    • $50,000
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      Mid-Town Tulsa Land Opportunity

      Half-acre lot in mid-town Tulsa, build your dream home.
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    Similar Nearby for Sale

    • Contact for pricing
      10,144 SF

      Versatile Building Near Tulsa Airport

      Multi-use building near Tulsa International Airport, suitable for various purposes.
      2022 N Maplewood Ave, Tulsa, OK 74115
      View Details
    • Contact for pricing
      11,644 SF

      Church and Remodeled House

      Church, remodeled house, and extra land suitable for day-care.
      2014 N Maplewood Ave, Tulsa, OK 74115
      View Details
    • $1,785,000
      35,680 SF

      35,680 SF Warehouse Buildings

      Two warehouse buildings totaling 35,680 SF on 2.43 acres.
      6924 East Reading Pl, Tulsa, OK 74115
      View Details
    • $43,000
      Pending

      Residential Land in Tulsa, OK

      Three city lots available for building in Tulsa, Oklahoma.
      Easton St E, Tulsa, OK 74115
      View Details
    • $50,000
      0.50 Acres

      Mid-Town Tulsa Land Opportunity

      Half-acre lot in mid-town Tulsa, build your dream home.
      2239 N Erie Ave E, Tulsa, OK 74115
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    Similar Nearby for Lease

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      Versatile Commercial Property in Tulsa

      11,515 SF flexible space for retail, warehouse, or mixed-use.
      4941 E Admiral Pl, Tulsa, OK 74115
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    • $13 SF/Yr

      Retail Spaces Available For Rent

      Retail spaces for rent, ranging from $1200 to $1600 monthly.
      6914-6924 E Admiral Pl, Tulsa, OK 74115
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    • Contact for pricing
      2,638 SF

      Retail Space Available For Rent

      2,638 square foot retail space available for lease.
      7819 East Admiral Pl, Tulsa, OK 74115
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      Apartment for Lease in Tulsa

      One bedroom, one bath apartment available August 1, 2026.
      6565 E Virgin St, Tulsa, OK 74115
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    7 Harvard Ave
    Tulsa, OK 74115
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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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    7 Harvard Ave, Tulsa, OK, 74115
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