Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Commercial real estate
718 49th St Tulsa, OK 74107-8355
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-0336671
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Construction
FRAME
Total area
7,181 SF
Lot
3.13 ac (136,430 SF)
Zoning code
RS3
APN
36840-92-26-44830
UPID
US69-0336671
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
-
Hampton Hills Apartment Complex
-
Nikkie's Housekeeping Service (Bike/Boat/Book/etc) Store
-
Westwood Park Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
Westwood Park Apartments I LLC · 16 yrs held
Westwood Park Apartments I LLC
since 2010
5 recorded transactions
Zoning & alternative use
RS3 · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+75.2%
Medical building
$1.2M
+26.4%
Auto repair, garage
$985,000
+0.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,130,000
6.5%
$1,045,000
7%
$970,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$975,000
Current use
RESTAURANT
$1,710,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$1,235,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$985,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10%
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
$198 / 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
$25,657
Tax year 2023
Assessed value
$191,117
Assessed 2023
Previous assessed
$182,017
+5.0% YoY
Effective rate
13.42%
On assessed value
Assessed land
$16,783
Assessed improvement
$174,334
Land market value
$193,400
Improvement market value
$2,008,900
Total market value
$2,202,300
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1979
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
9
Stories
2
Total area
7,181 SF
Lot
3.13 ac (136,430 SF)
Zoning code
RS3
APN
36840-92-26-44830
UPID
US69-0336671
Jurisdiction
TULSA
Zoning & alternative use
RS3 · Tulsa, OK
Zoning RS3 · permitted uses
RS3 · 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
COMMERCIAL (GENERAL) Current
Est. value
$975,000
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$985,000
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1979
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
9
Lot
3.13 ac
Current owner
From public records · entity-resolved
Westwood Park Apartments I LLC
Entity
Mailing address
4527 E 91ST ST, TULSA, OK 74137-2810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2019
—
Hampton Hills Apartments LLC
—
Deed
related
$3,358,908 · City Nat'l Bk
Feb 12, 2010
$925,000
Westwood Park Apartments I LLC
Gmac Coml Mtg Secs INC 2002
Grant Deed
$2,218,270 · First Bank & Trust
May 23, 2005
$2,315,000
Westwood Park Estates LLC
Virtu Plantation Assocs LLC
Grant Deed
—
—
—
Hampton Hills Apartments LLC
—
Deed Of Trust
related
$741,730 · First Bank & Trust
—
—
Hampton Hills Apartments LLC
—
Deed Of Trust
related
$3,358,908 · City Nat'l 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 718 49th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
