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Property profile & analytics
OFF-MARKET
Estimated value
$8,470,000
Warehouses
8880 Delaware Ave, Tulsa, OK 74137-2516
Entity Owned
17-yr Hold
Free & Clear
Property ID
US69-0720308
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
102,679 SF
Lot
11.96 ac (520,803 SF)
Zoning code
IL
APN
71019-83-17-00030
UPID
US69-0720308
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.22M
Comparable Approach
Comparable
$9.38M
Blend (final)
Blend
$8.47M
Owner & transaction history
Home Depot USA INC · 17 yrs held
Home Depot USA INC
since 2008
1 recorded transaction
Zoning & alternative use
IL · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.1M
+123.8%
Commercial (general)
$14.0M
+121.8%
Retail stores
$11.2M
+77.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$9,990,000
6.5%
$9,220,000
7%
$8,565,000
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
Blend value · Realmo final
$8.47M
Range $7.62M – $9.32M · ±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
$82 / 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
$99,400
Tax year 2023
Assessed value
$720,236
Assessed 2023
Previous assessed
$720,236
+0.0% YoY
Effective rate
13.80%
On assessed value
Assessed land
$343,717
Assessed improvement
$376,519
Land market value
$3,124,700
Improvement market value
$3,422,900
Total market value
$6,547,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
102,679 SF
Lot
11.96 ac (520,803 SF)
Zoning code
IL
APN
71019-83-17-00030
UPID
US69-0720308
Jurisdiction
TULSA
Zoning & alternative use
IL · Tulsa, OK
Zoning IL · permitted uses
IL · 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
WAREHOUSE, STORAGE Current
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$14.1M
COMMERCIAL (GENERAL)
Est. value
$14.0M
RETAIL STORES
Est. value
$11.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
11.96 ac
Current owner
From public records · entity-resolved
Home Depot USA INC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 105842, ATLANTA, GA 30348-5842
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2008
—
Home Depot USA INC
Home Depot USA INC
Quit Claim Deed
related
—
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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