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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Specialty properties
7224 Elwood Ave Tulsa, OK 74132-2401
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US69-0230701
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2017
Construction
WOOD FRAME
Total area
5,501 SF
Lot
22.04 ac (960,019 SF)
Zoning code
RS3
APN
70005-82-11-00020
UPID
US69-0230701
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
-
71 at Tulsa Hills Apartment Complex Apartment Rental Agency
-
Drimz Foundation Charitable Organization Social Service Agency
-
MindSetGo Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.27M
Owner & transaction history
71/tulsa Hills Apartments LP · 11 yrs held
71/tulsa Hills Apartments LP
since 2015
7 recorded transactions
Zoning & alternative use
RS3 · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Industrial (general)
$1.2M
+28.0%
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
by Request
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$945,000
Current use
INDUSTRIAL (GENERAL)
$1,210,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$825,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$230 / 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
$769,682
Tax year 2023
Assessed value
$5,577,000
Assessed 2023
Previous assessed
$3,243,658
+71.9% YoY
Effective rate
13.80%
On assessed value
Assessed land
$224,620
Assessed improvement
$5,352,380
Land market value
$2,042,000
Improvement market value
$48,658,000
Total market value
$50,700,000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2017
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
30
Stories
1
Bathrooms
1
Total area
5,501 SF
Lot
22.04 ac (960,019 SF)
Zoning code
RS3
APN
70005-82-11-00020
UPID
US69-0230701
Jurisdiction
TULSA
Zoning & alternative use
RS3 · Tulsa, OKZoning RS3 · permitted uses
RS3 · Tulsa, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$945,000
INDUSTRIAL (GENERAL)
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$825,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2017
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
30
Bathrooms
1
Lot
22.04 ac
Current owner
From public records · entity-resolved
71/tulsa Hills Apartments LP
Entity
Free & Clear · 11 yrs held
Mailing address
9757 NE JUANITA DR, KIRKLAND, WA 98034-4299
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
—
71 At Tulsa Hillis Apartments LP
—
Deed
related
$37,647,000 · Berkadia Commercial Mortgage LLC
Sep 12, 2018
—
71 At Tulsa Hills Apts LP
—
Deed
related
$28,275 · Miscellaneous Ins Co
Apr 13, 2015
$2,042,000
71/tulsa Hills Apartments LP
Ting Financial Group LLC
Warranty Deed
—
Jan 12, 2010
$1,050,000
Ting Financial Group LLC
Johnson Betty C Trust
Warranty Deed
related
—
Jan 12, 2010
—
Ting Financial Group LLC
Johnson Lois K Trust
Warranty Deed
related
$695,000 · Johnson H W & B C Tr (pt)
Jul 23, 2007
—
Johnson,h Wayne & Betty C Trust
Johnson,homer W & Betty C
Quit Claim Deed
related
—
Dec 6, 2002
—
Johnson,tr
Johnson,lois K
Quit Claim Deed
related
—
—
—
71 At Tulsa Hills Apts LP
—
Deed Of Trust
related
$28,275 · Miscellaneous Ins Co
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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