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    Property profile & analytics

    7035 Peoria Ave Tulsa, OK 74126-1359

    • Auto shops
    • 3,720 SF
    • 1.22 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0017632
    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

    • Big T Car Care / Auto Repair Shop

    Property Details for 7035 Peoria Ave

    Year built
    1945
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.22 lot acres
    Property size
    3,720 SF
    Zone code
    CS
    Property type
    Auto shops
    APN
    53275-13-31-02220
    APU
    53275133102220

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $504,000
      Market price range: $258k - $907k
      AI Estimate
      $592,000
      Market price range: $439k - $725k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $510,000
      Current use
      MEDICAL BUILDING
      $640,000
      Change: +25% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $505,000
      Change: -1% Conversion: Moderate
      OFFICE BUILDING
      $440,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9732
    Latitude
    36.2563
    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
    $958
    $3,278
    $5,192
    $8,470
    -
    $29,800
    $47,200
    $77,000

    Comparable in this City

    • Value Estimation by Request
      926 SF

      5602 Peoria Ave

      AUTO REPAIR, GARAGE • 926 SF
      5602 Peoria Ave, Tulsa, OK 74126-2421
      View Details
    • Value Estimation by Request
      1,440 SF

      6038 Peoria Ave

      AUTO REPAIR, GARAGE • 1,440 SF
      6038 Peoria Ave, Tulsa, OK 74126-2439
      View Details
    • Value Estimation by Request
      1,296 SF

      5104 Peoria Ave

      AUTO REPAIR, GARAGE • 1,296 SF
      5104 Peoria Ave, Tulsa, OK 74126-2806
      View Details
    • Value Estimation by Request
      1,728 SF

      5790 Peoria Ave

      AUTO REPAIR, GARAGE • 1,728 SF
      5790 Peoria Ave, Tulsa, OK 74126-2429
      View Details
    • Value Estimation
      $560,000
      4,200 SF

      5838 Peoria Ave

      AUTO REPAIR, GARAGE • 4,200 SF
      5838 Peoria Ave, Tulsa, OK 74126-2433
      View Details
    • Value Estimation by Request
      1,440 SF

      5921 Peoria Ave

      AUTO REPAIR, GARAGE • 1,440 SF
      5921 Peoria Ave, Tulsa, OK 74126-2424
      View Details

    Similar Nearby for Sale

    • $249,000
      1.24 Acres

      Prime Commercial Land in Tulsa

      1.24 acre commercial lot with high traffic exposure.
      6735 N Peoria Ave, Tulsa, OK 74126
      View Details
    • Contact for pricing
      Pending

      Residential City Lot in Tulsa

      Residential lot for sale in established Suburban Hills subdivision.
      557 E 59Th St N, Tulsa, OK 74126
      View Details
    • Contact for pricing
      0.20 Acres

      Residential Lot in Tulsa, OK

      Residential lot suitable for investment property in Tulsa, Oklahoma.
      4986 N Trenton Ave, Tulsa, OK 74126
      View Details
    • $149,900
      10.34 Acres

      Wooded Land in Osage County

      10+/- acre wooded property perfect for recreation or secluded home.
      1898 Tulsa Mountain Ranch Rd, Tulsa, OK 74126
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Land in Tulsa, OK

      Vacant lot in Tulsa neighborhood, former home site.
      5439 N Frankfort Ave SW, Tulsa, OK 74126
      View Details
    • $535,000
      37.78 Acres

      37 Acres Near Downtown Tulsa

      37+/- acres in Osage County, minutes from downtown Tulsa.
      6490 NW 52 Ave, Tulsa, OK 74126
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Corner Lot End Cap Space

      2,400 SF end cap space on corner lot for rent.
      6404-6406 S Peoria Ave, Tulsa, OK 74126
      View Details
    • Contact for pricing
      1,500 SF

      Office Space in Strip Center

      1,500 SF office space for lease in Tulsa, OK.
      6302-6328 S Peoria Ave, Tulsa, OK 74126
      View Details
    • Contact for pricing
      250 SF

      Office Space Available For Rent

      250 square feet of office space for lease.
      4835 S Peoria Ave, Tulsa, OK 74126
      View Details
    • $15 SF/Yr
      868 SF

      Office Space with Reception Area

      Office space featuring reception, offices, storage, and restroom.
      4817-4825 S Peoria Ave, Tulsa, OK 74126
      View Details
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    Tulsa, OK 74126-1359
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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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