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

    707 51st St Tulsa, OK 74107-8317

    • Automotive properties
    • 74,198 SF
    • 10.40 lot acres
    OFF-MARKET
    Value Estimations
    $9,175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0538349
    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

    • Glover Family Insurance: Allstate Insurance / Insurance Agency
    • Blink Charging Station / Electric Vehicle Charging Station
    • EV Connect Charging Station / Electric Vehicle Charging Station
    • Jim Glover Isuzu / Car Dealership
    • Chevrolet Service / Auto Repair Shop

    Property Details for 707 51st St

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    10.40 lot acres
    Property size
    74,198 SF
    Zone code
    IL
    Property type
    Automotive properties
    APN
    35510-92-26-44020
    APU
    35510922644020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,636,000
      Market price range: $2.79M - $8.64M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $10,170,000
      Current use
      MEDICAL BUILDING
      $12,740,000
      Change: +25% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $10,080,000
      Change: -1% Conversion: Moderate
      OFFICE BUILDING
      $8,785,000
      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
    -95.9973
    Latitude
    36.0916
    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
    $155,059
    $99,627
    $1,055,373
    $1,155,000
    -
    $905,700
    $9,594,300
    $10,500,000

    Comparable in this City

    • Value Estimation
      $4,140,000
      42,800 SF

      6015 49th W Ave

      VEHICLE SALES, RENTALS • 42,800 SF
      6015 49th W Ave, Tulsa, OK 74107-8824
      View Details
    • Value Estimation by Request
      8,694 SF

      2835 21st St

      VEHICLE SALES, RENTALS • 8,694 SF
      2835 21st St, Tulsa, OK 74107-3469
      View Details
    • Value Estimation
      $5,495,000
      44,080 SF

      745 51st St

      VEHICLE SALES, RENTALS • 44,080 SF
      745 51st St, Tulsa, OK 74107-8353
      View Details
    • Value Estimation by Request
      0.05 Acres

      Tulsa, OK 74107

      PARKING GARAGE, PARKING STRUCTURE • 0.05 Acres
      Tulsa, OK 74107
      View Details
    • Value Estimation by Request
      0.69 Acres

      Ww 49th St S S St

      PARKING GARAGE, PARKING STRUCTURE • 0.69 Acres
      Ww 49th St S S St, Tulsa, OK 74107
      View Details
    • Value Estimation by Request
      2.51 Acres

      3333 Swsw Blvd

      PARKING GARAGE, PARKING STRUCTURE • 2.51 Acres
      3333 Swsw Blvd, Tulsa, OK 74107-3808
      View Details

    Similar Nearby for Sale

    • $999,999
      5,450 SF

      Historic Route 66 Restaurant

      Tulsa eatery, established business.
      4070 Southwest Blvd, Tulsa, OK 74107
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    • New
      $475,000
      3,000 SF

      Versatile Building on Acreage

      3,000 sq ft building on 5.32 acres near 51st St.
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      5,450 SF

      Route 66 Restaurant Opportunity

      5,450 SF restaurant with equipment and 46 parking spaces.
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    • $1,100,000
      8,666 SF

      West Tulsa Warehouse Opportunity

      Spacious industrial warehouse, vacant, great location.
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    • $195,000
      3.33 Acres

      Tulsa Land: 3.33 Acres Prime Location

      Exceptional Tulsa acreage, ideal development.
      - 3.33 AC 81 Ave, Tulsa, OK 74107
      View Details
    • $699,000
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    Similar Nearby for Lease

    • $4 SF/Yr
      158,735 SF

      Town West Shopping Center: Prime Tulsa Space

      Versatile Retail, Office, & Warehouse Space
      5610 Skelly Dr, Tulsa, OK 74107
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    • Contact for pricing
      2,500 SF

      Retail Center at I-44 Harvard

      High-profile retail center located at a major intersection.
      3502 E 51St St, Tulsa, OK 74107
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Central Tulsa

      Retail space with high visibility and traffic in central Tulsa.
      5602-5636 E Skelly Dr, Tulsa, OK 74107
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space For Lease

      Retail space available for lease in Tulsa, Oklahoma.
      4227-4289 Southwest Blvd, Tulsa, OK 74107
      View Details
    • $5 SF/Yr
      17,360 SF

      Tulsa Industrial Warehouse

      17,360 SF Warehouse, 2.5 Acres
      5100 21St St, Tulsa, OK 74107
      View Details
    • Contact for pricing
      6,880 SF

      Industrial Warehouse Space Available

      6,880 SF warehouse with office space for lease.
      7360-7362 E 38Th St, Tulsa, OK 74107
      View Details
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    Tulsa, OK 74107-8317
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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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