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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Flex space
7120 13th St, Tulsa, OK 74112-5618
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-0340352
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1976
Construction
STEEL FRAME
Total area
30,000 SF
Lot
2.58 ac (112,341 SF)
Zoning code
IM
APN
37875-93-11-10130
UPID
US69-0340352
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
-
A1 Sheet Metal Production Facility Metal Fabrication Plant
-
Groundcrew Events Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.81M
Owner & transaction history
Lance Peck · 3 yrs held
Lance Peck
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
IM · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+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
$1,865,000
ML approach
$1,820,000
CAP Approach
CAP Return
Estimation
6%
$2,405,000
6.5%
$2,220,000
7%
$2,060,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,930,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,165,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10% · vs last sale $1.77M (Jul 25 2022)
Last sale anchor
$1.77M
Jul 25 2022
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
$60 / 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
$26,138
Tax year 2023
Assessed value
$194,700
Assessed 2023
Previous assessed
$132,110
+47.4% YoY
Effective rate
13.42%
On assessed value
Assessed land
$30,899
Assessed improvement
$163,801
Land market value
$280,900
Improvement market value
$1,489,100
Total market value
$1,770,000
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
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
30,000 SF
Lot
2.58 ac (112,341 SF)
Zoning code
IM
APN
37875-93-11-10130
UPID
US69-0340352
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
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
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
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.58 ac
Current owner
From public records · entity-resolved
Lance Peck
Individual
Mailing address
7120 E 13TH ST, TULSA, OK 74112-5618
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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 25, 2022
$1,770,000
Lance Peck
Sgm Investments LLC
Warranty Deed
$1,570,000 · Spriggs Investments LLC
Jul 18, 2022
—
5p Properties LLC
Lance Peck
Quit Claim Deed
related
—
Sep 2, 2021
—
Sgm Investments LLC
—
Deed
related
$2,707,500 · Security Bank
Mar 5, 2021
$1,201,000
Sgm Investments LLC
Joe D Hrris
Warranty Deed
—
Sep 19, 2017
—
Harris,joe D Trust
—
Deed
related
$100,000 · Prosperity Bk
—
—
Joe Harris
—
Deed Of Trust
related
$385,400 · F & M Bank & Trust Co
—
—
Harris,joe D Trust
—
Deed Of Trust
related
$100,000 · F & M Bank & Trust Co
—
—
Joe D Harris
—
Deed Of Trust
related
$1,999,513 · Tulsa Natl Bk
—
—
Harris,joe D Trust
—
Loan Modification
related
$100,000 · Prosperity Bk
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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