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    Property profile & analytics

    7111 Lewis Ave Tulsa, OK 74136-5402

    • Retail space
    • 13,731 SF
    • 1.33 lot acres
    OFF-MARKET
    Last Sale
    Apr 30, 2021
    $3,950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0090856
    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

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Rodney K. Swanson, PharmD / Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • FedEx OnSite / Postal Service / Courier Service

    Property Details for 7111 Lewis Ave

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.33 lot acres
    Property size
    13,731 SF
    Zone code
    CS
    Property type
    Retail space
    APN
    70315-83-08-00050
    APU
    70315830800050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9572
    Latitude
    36.0603
    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
    $33,418
    $114,906
    $127,237
    $242,143
    -
    $1,044,600
    $1,156,700
    $2,201,300

    Comparable in this City

    • Value Estimation by Request
      2,884 SF

      2101 71st St

      RETAIL STORES (PERSONAL SERVICES) • 2,884 SF
      2101 71st St, Tulsa, OK 74136-5425
      View Details
    • Value Estimation by Request
      5,520 SF

      6404 Peoria Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,520 SF
      6404 Peoria Ave, Tulsa, OK 74136-2205
      View Details
    • Value Estimation
      $1,770,000
      11,938 SF

      7041 Yale Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,938 SF
      7041 Yale Ave, Tulsa, OK 74136-5701
      View Details
    • Value Estimation
      $625,000
      6,552 SF

      1337 71st St

      RETAIL STORES (PERSONAL SERVICES) • 6,552 SF
      1337 71st St, Tulsa, OK 74136-5035
      View Details
    • Value Estimation
      $1,545,000
      10,422 SF

      6805 Yale Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,422 SF
      6805 Yale Ave, Tulsa, OK 74136-3306
      View Details
    • Value Estimation by Request
      2,079 SF

      6222 Peoria Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,079 SF
      6222 Peoria Ave, Tulsa, OK 74136-0515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,198 SF

      Retail Space on Peoria Avenue

      8,198 SF retail space on 0.87 acres for sale.
      6655 S Peoria Ave, Tulsa, OK 74136
      View Details
    • Contact for pricing
      11,774 SF

      Fully Occupied South Tulsa Retail

      Retail strip center in the heart of South Tulsa.
      2202-2222 E 61St St, Tulsa, OK 74136
      View Details
    • Contact for pricing
      16,338 SF

      Fully Occupied Tulsa Commercial Property

      Well-maintained commercial property on 71st Street in Tulsa, Oklahoma.
      5711 E 71St St, Tulsa, OK 74136
      View Details
    • $2,975,000
      49,532 SF

      49,532 SF Office Building For Sale

      49,532 SF Office Building For Sale
      6914 S Yorktown Ave, Tulsa, OK 74136
      View Details
    • $399,000
      1 SF

      Commercial Land on South Peoria

      1.39 acre commercial land with utilities and parking.
      6622 South Peoria Ave, Tulsa, OK 74136
      View Details
    • $75,000
      Pending

      Commercial Land in Tulsa, OK

      Commercial land with utilities in Tulsa, Oklahoma, for sale.
      1140 E 64Th St, Tulsa, OK 74136
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,489 SF

      Retail Space on South Lewis

      Retail space with strong signage on South Lewis Avenue.
      6921-6975 S Lewis Ave, Tulsa, OK 74136
      View Details
    • Contact for pricing
      2,285 SF

      Retail Space Near St. Francis

      Retail space near hospital and office complex with high traffic.
      7101-7113 S Yale Ave, Tulsa, OK 74136
      View Details
    • $13 SF/Yr
      1,950 SF

      Retail Space with High Visibility

      Retail space available with excellent visibility and ample parking.
      1660 E 71St St, Tulsa, OK 74136
      View Details
    • $14 SF/Yr
      4,925 SF

      South Tulsa Garden Office Building

      High-quality office space in a desirable South Tulsa location.
      7170 South Braden Ave, Tulsa, OK 74136
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      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

    Property Visit Statistics

    • Visits by month
      13.9k
    • Visitors by month
      11.7k
    • Avg Time on site
      52 min
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    7111 Lewis Ave
    Tulsa, OK 74136-5402
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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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