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

    7621 46Th Pl Tulsa, OK 74145

    • Flex space
    • 7,441 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0034120
    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

    • Awe Star Ministries Inc / Youth Organization

    Property Details for 7621 46Th Pl

    Year built
    1970
    Property size
    7,441 SF
    Property type
    Flex space

    Description

    This versatile 7,441-square-foot flex space, situated in Midtown South Tulsa near Memorial Drive, presents a unique investment opportunity. The property, built in 1970 and renovated in 2014, consists of a single-story, duplex building on a 22,000-square-foot lot. Each side offers updated office space, a large rear garage area with overhead doors, and multiple bathrooms (two per side). The building features a center wall with access between the two units, allowing for either owner-occupancy with rental income from the second unit or use of the entire space. Amenities include fully air-conditioned space, a pitched metal roof, metal siding, and a brick front. Two large overhead doors and two access driveways provide easy ingress and egress. The property is zoned IL and is ideally suited for a business service or light industrial user. The neighboring businesses include Galaxy Distributing, Robinson Glass, A-Bell, O'Reilly Auto Parts, and Midas. The second unit (7619 E. 46th Place) is also available for lease, offering additional income potential. This property offers a blend of office and warehouse space with excellent tenant finishes, easily adaptable to various needs.

    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
    -95.89012914798
    Latitude
    36.096499434286

    Comparable in this City

    • $1,068,120
      12,420 SF

      Industrial Property with Gated Yards

      Two buildings with warehouse space and gated yards for sale.
      8173-8175 E 46Th St, Tulsa, OK 74145
      View Details
    • $450,000
      1,650 SF

      Industrial Flex Space For Sale

      1,650 SF flex space on 10.23 acres, Tulsa, OK.
      7648 E 46Th Pl, Tulsa, OK 74145
      View Details
    • New
      $1,190,000
      12,628 SF

      Versatile Commercial Building in Tulsa

      12,600+ sq ft building suitable for industrial, warehouse, or office.
      6580 E Skelly Dr, Tulsa, OK 74145
      View Details
    • $625,000
      6,000 SF

      Climate Controlled Production/Warehouse Space

      6,000 SF climate-controlled space with office and production areas.
      3916 S Sheridan Rd, Tulsa, OK 74145
      View Details
    • $295,000

      Commercial Land on Memorial Drive

      0.40 acre commercial land with utilities and pylon sign.
      5332 S Memorial Dr, Tulsa, OK 74145
      View Details
    • $75,000
      2 SF

      Prime Retail Land in Tulsa

      Exceptional land opportunity for retail development in a thriving Tulsa location.
      South Memorial Dr, Tulsa, OK 74145
      View Details

    Similar Nearby for Sale

    • $1,068,120
      12,420 SF

      Industrial Property with Gated Yards

      Two buildings with warehouse space and gated yards for sale.
      8173-8175 E 46Th St, Tulsa, OK 74145
      View Details
    • $450,000
      1,650 SF

      Industrial Flex Space For Sale

      1,650 SF flex space on 10.23 acres, Tulsa, OK.
      7648 E 46Th Pl, Tulsa, OK 74145
      View Details
    • New
      $1,190,000
      12,628 SF

      Versatile Commercial Building in Tulsa

      12,600+ sq ft building suitable for industrial, warehouse, or office.
      6580 E Skelly Dr, Tulsa, OK 74145
      View Details
    • $625,000
      6,000 SF

      Climate Controlled Production/Warehouse Space

      6,000 SF climate-controlled space with office and production areas.
      3916 S Sheridan Rd, Tulsa, OK 74145
      View Details
    • $295,000

      Commercial Land on Memorial Drive

      0.40 acre commercial land with utilities and pylon sign.
      5332 S Memorial Dr, Tulsa, OK 74145
      View Details
    • $75,000
      2 SF

      Prime Retail Land in Tulsa

      Exceptional land opportunity for retail development in a thriving Tulsa location.
      South Memorial Dr, Tulsa, OK 74145
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      2,400 SF

      Industrial Flex Space Available

      Industrial flex space for rent, convenient location.
      7739-7743 E 38Th St, Tulsa, OK 74145
      View Details
    • Contact for pricing
      8,860 SF

      Industrial Space with Recent Upgrades

      Available industrial space featuring dock doors, grade doors, and signage.
      7218 E 38Th St, Tulsa, OK 74145
      View Details
    • $9 SF/Yr
      7,883 SF

      Climate Controlled Warehouse Space

      7,883 SF climate-controlled warehouse space with office and amenities.
      4343 S Memorial Dr, Tulsa, OK 74145
      View Details
    • Contact for pricing
      5,930 SF

      Memorial Drive Flex Space Available

      Flex space with Memorial Drive frontage and signage opportunities.
      4717-4733 S Memorial Dr, Tulsa, OK 74145
      View Details
    • $6 SF/Yr
      38,896 SF

      Climate-Controlled Warehouse with Fenced Yard

      Climate-controlled warehouse in central Tulsa with convenient highway access.
      7700 E 38Th St, Tulsa, OK 74145
      View Details
    • Contact for pricing
      17,200 SF

      Tulsa Industrial Space Available

      Flexible Office & Warehouse Space in Tulsa
      7370 38Th St, Tulsa, OK 74145
      View Details
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    Tulsa, OK 74145
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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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