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    Property profile & analytics

    8141 48th St Tulsa, OK 74145-6906

    • Office buildings
    • 17,938 SF
    • 1.96 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2024
    $3,445,000
    Value Estimations
    $3,445,000
    Show details
    Cap Rate Potential
    6.4%
    Office buildings
    Location Intelligence
    Property ID
    US69-0750149
    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

    • McIntosh Corporation / Mechanical Contractor

    Property Details for 8141 48th St

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    1.96 lot acres
    Property size
    17,938 SF
    Zone code
    IL
    Property type
    Office buildings
    APN
    34725-93-25-08570
    APU
    34725932508570

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,445,000
      ML approach
      $3,445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,680,000
      6.5%
      $3,400,000
      7%
      $3,155,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8849
    Latitude
    36.095
    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
    $11,375
    $33,000
    $51,733
    $84,733
    -
    $300,000
    $470,300
    $770,300

    Comparable in this City

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      23,814 SF

      7906 33rd St

      OFFICE BUILDING • 23,814 SF
      7906 33rd St, Tulsa, OK 74145-1308
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    • Value Estimation by Request
      25,604 SF

      6878 Ba Frontage Rd

      OFFICE BUILDING • 25,604 SF
      6878 Ba Frontage Rd, Tulsa, OK 74145-1104
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      $235,000
      6,420 SF

      6030 66th E Ave

      OFFICE BUILDING • 6,420 SF
      6030 66th E Ave, Tulsa, OK 74145-9236
      View Details
    • Value Estimation
      $260,000
      4,048 SF

      7941 57th St

      OFFICE BUILDING • 4,048 SF
      7941 57th St, Tulsa, OK 74145-8645
      View Details
    • Value Estimation
      $170,000
      1,984 SF

      8512 46th St

      OFFICE BUILDING • 1,984 SF
      8512 46th St, Tulsa, OK 74145-4804
      View Details

    Similar Nearby for Sale

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      Multi-Tenant Office Building For Sale

      Multi-tenant office building suitable for owner-user or investor.
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    • Contact for pricing
      17,166 SF

      Tulsa Office Building For Sale

      Office building with 17,166 square feet of space.
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    • $625,000
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      Climate Controlled Production/Warehouse Space

      6,000 SF climate-controlled space with office and production areas.
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    • $1,290,000
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      Versatile Industrial Building in Tulsa

      12,600+ sq ft commercial building suitable for various operations.
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    • $295,000

      Commercial Land on Memorial Drive

      0.40 acre commercial land with utilities and pylon sign.
      5332 S Memorial Dr, Tulsa, OK 74145
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    • $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
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    Similar Nearby for Lease

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      2,241 SF

      Modern Office Space For Rent

      Well-maintained office space with flexible floor plan and ample parking.
      8301 E 51St St, Tulsa, OK 74145
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    • $15 SF/Yr
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      Sunbelt Building: Tulsa Office Space

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    • $12 SF/Yr
      2,024 SF

      Office Space with Private Entry

      Office space featuring six offices, wet bar, and reception area.
      5840 S Memorial Dr, 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
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    • $12 SF/Yr
      87,700 SF

      Fountain Plaza Office Park

      Tulsa Office Space: 7 Suites Available
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    • $18 SF/Yr
      600 SF

      Office Suite on S. Memorial

      Office suite with natural light and private sink for rent.
      5404 S Memorial Dr, Tulsa, OK 74145
      View Details

    Property Visit Statistics

    • Visits by month
      689
    • Visitors by month
      521
    • Avg Time on site
      36 min
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    8141 48th St
    Tulsa, OK 74145-6906
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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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