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    Property profile & analytics

    8880 Delaware Ave Tulsa, OK 74137-2516

    • Warehouses
    • 102,679 SF
    • 11.96 lot acres
    OFF-MARKET
    Value Estimations
    $8,470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0720308
    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

    • Tool & Truck Rental Center at The Home Depot / Rental Equipment Company
    • Compact Power Equipment Rental / (Bike/Boat/Book/etc) Store / Rental Equipment Company
    • The Home Depot / Building Supply / Hardware & Home Improvement
    • Home Services at The Home Depot / General Contractor
    • Garden Center at The Home Depot / Garden Center

    Property Details for 8880 Delaware Ave

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.96 lot acres
    Property size
    102,679 SF
    Zone code
    IL
    Property type
    Warehouses
    APN
    71019-83-17-00030
    APU
    71019831700030

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,990,000
      6.5%
      $9,220,000
      7%
      $8,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,376,000
      Market price range: $3.84M - $9.38M
      AI Estimate
      $6,806,000
      Market price range: $2.27M - $7.15M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,290,000
      Current use
      AUTO REPAIR, GARAGE
      $14,075,000
      Change: +124% Conversion: Easy
      COMMERCIAL (GENERAL)
      $13,950,000
      Change: +122% Conversion: Difficult
      RETAIL STORES
      $11,165,000
      Change: +78% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $7,405,000
      Change: +18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9511
    Latitude
    36.0345
    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
    $99,400
    $343,717
    $376,519
    $720,236
    -
    $3,124,700
    $3,422,900
    $6,547,600

    Comparable in this City

    • Value Estimation
      $580,000
      6,600 SF

      8905 Lewis Ave

      MINI-WAREHOUSE, STORAGE • 6,600 SF
      8905 Lewis Ave, Tulsa, OK 74137-3212
      View Details
    • Value Estimation by Request
      1,600 SF

      11302 Delaware Ave

      WAREHOUSE, STORAGE • 1,600 SF
      11302 Delaware Ave, Tulsa, OK 74137
      View Details
    • Value Estimation
      $8,395,000
      108,057 SF

      2724 91st St

      MINI-WAREHOUSE, STORAGE • 108,057 SF
      2724 91st St, Tulsa, OK 74137-3203
      View Details
    • Value Estimation by Request
      3,000 SF

      11033 Riverside Pkwy

      WAREHOUSE, STORAGE • 3,000 SF
      11033 Riverside Pkwy, Tulsa, OK 74137-2318
      View Details
    • Value Estimation
      $750,000
      14,153 SF

      4601 81st St

      WAREHOUSE, STORAGE • 14,153 SF
      4601 81st St, Tulsa, OK 74137-1902
      View Details
    • Value Estimation by Request
      2,400 SF

      2036 81st St

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      2036 81st St, Tulsa, OK 74137-4347
      View Details

    Similar Nearby for Sale

    • $2,690,910
      9,340 SF

      Fully Occupied Office Building

      9340 SF office building near Creek Expressway, Tulsa, OK.
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    • Contact for pricing
      5,566 SF

      Tulsa Office Space: 5,566 sq ft

      Prime Tulsa office, all-inclusive lease.
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    • $2,750,000
      20.92 Acres

      Prime Tulsa Land: 20 Acres

      Exceptional 20-acre commercial/residential tract.
      10800 Delaware Ave, Tulsa, OK 74137
      View Details
    • Contact for pricing
      1,300 SF

      11911 Oxford Ave, Tulsa, OK 74137

      Commercial real estate • 1,300 SF
      11911 Oxford Ave, Tulsa, OK 74137
      View Details
    • $465,000
      0.58 Acres

      South Tulsa Homesite Opportunity

      Premier gated community homesite in South Tulsa.
      10912 S New Haven Ave, Tulsa, OK 74137
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      Spacious Condo with Modern Amenities

      Move-in ready condo featuring open living space and community pool.
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    Similar Nearby for Lease

    • Contact for pricing
      1,925 SF

      Turnkey Medical Office Space

      Medical office space for lease in South Tulsa.
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      View Details
    • Contact for pricing
      2,400 SF

      Office Space Near 101st Sheridan

      Ground floor office space available for rent near 101st.
      6321 E 102Nd St, Tulsa, OK 74137
      View Details
    • Contact for pricing
      1,396 SF

      Second Floor Office Space Available

      Office space for rent, sublease ending November 30, 2024.
      10051 S Yale Ave, Tulsa, OK 74137
      View Details
    • Contact for pricing
      10,034 SF

      Prime Tulsa Medical Office Space

      10,034 SF, Class A, Ample Parking
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      View Details
    • Contact for pricing
      1,532 SF

      Two-Story Duplex in Jenks District

      Two-story duplex near ORU, Jenks Riverwalk, shopping, and dining.
      2819 E 81St Pl, Tulsa, OK 74137
      View Details
    • $26 SF/Yr
      175,090 SF

      South Tulsa Office Campus

      Class A Office Space Available
      8801 Yale Ave, Tulsa, OK 74137
      View Details

    Property Visit Statistics

    • Visits by month
      49.5k
    • Visitors by month
      28.7k
    • Avg Time on site
      26 min
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    Tulsa, OK 74137-2516
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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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