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Property profile & analytics
FOR LEASE
Community centers
8620 E 71St St Tulsa, OK 74133
Entity Owned
~
Est. High Equity
Property ID
US69-0589137
For Lease
1 / 5
$6,275,000
8620 E 71St St, Tulsa, OK 74133
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,525 SF
Lot
13.85 ac (603,350 SF)
Zoning code
CS
APN
77738-83-12-02880
UPID
US69-0589137
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.77M
Blend (final)
Blend
$6.28M
Owner & transaction history
Cavender Stores LP
Cavender Stores LP
since 2025
5 recorded transactions
Zoning & alternative use
CS · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.3M
+138.1%
Auto repair, garage
$5.8M
+90.1%
Commercial (general)
$5.8M
+88.4%
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
$8,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,300,000
Change: +138% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,830,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,775,000
Change: +88% · Conversion: Easy
OFFICE BUILDING
$5,750,000
Change: +88% · Conversion: Moderate
RETAIL STORES
$4,625,000
Change: +51% · Conversion: Easy
Blend value · Realmo final
$6.28M
Range $5.65M – $6.90M · ±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
$148 / 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
$417,563
Tax year 2023
Assessed value
$3,091,000
Assessed 2023
Previous assessed
$2,362,541
+30.8% YoY
Effective rate
13.51%
On assessed value
Assessed land
$995,511
Assessed improvement
$2,095,489
Land market value
$9,050,100
Improvement market value
$19,049,900
Total market value
$28,100,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
YES
Buildings
3
Stories
1
Total area
42,525 SF
Lot
13.85 ac (603,350 SF)
Zoning code
CS
APN
77738-83-12-02880
UPID
US69-0589137
Jurisdiction
TULSA
Zoning & alternative use
CS · Tulsa, OK
Zoning CS · permitted uses
CS · 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
MEDICAL BUILDING
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.8M
RETAIL STORES
Est. value
$4.6M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
3
Lot
13.85 ac
Current owner
From public records · entity-resolved
Cavender Stores LP
Entity
Mailing address
5301 KATY FWY STE #200, HOUSTON, TX 77007-3866
Ownership since
2025
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
Aug 26, 2025
—
Cavender Stores LP
Edifis Woodland Plaza Ltd
Deed
—
May 18, 2022
$28,100,000
Edifis Woodland Plaza Ltd
Wp Tulsa LLC
Special Warranty Deed
$18,265,000 · Rga Reinsurance Co
Dec 28, 2005
$26,720,000
Wp Tulsa LLC
Warmack-warehouse
Grant Deed
—
—
—
Wp Tulsa LLC
—
Deed Of Trust
related
$10,800,000 · Allstate Life Insurance Co
—
—
Cole Ob Tulsa Ok LLC
—
Deed Of Trust
related
$1,426,715 · Wells Fargo Bank
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?”
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