Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8921 Mingo Rd Tulsa, OK 74133-5841

    • Medical offices
    • 178,999 SF
    • 23.87 lot acres
    OFF-MARKET
    Value Estimations
    $20,770,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0617405
    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

    • Veterans Affairs clinic / Government Office
    • VA parking lot / Association / Organization
    • Ernest Childers VA Outpatient Clinic / Medical Clinic / Veterans Hospital

    Property Details for 8921 Mingo Rd

    Year built
    2021
    Lot size
    23.87 lot acres
    Property size
    178,999 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    75655-84-18-38500
    APU
    75655841838500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $30,730,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8663
    Latitude
    36.0341
    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
    $554,971
    $990,000
    $3,118,159
    $4,108,159
    -
    $9,000,000
    $28,346,900
    $37,346,900

    Comparable in this City

    • Value Estimation
      $1,350,000
      14,476 SF

      8115 Memorial Dr

      MEDICAL BUILDING • 14,476 SF
      8115 Memorial Dr, Tulsa, OK 74133-4331
      View Details
    • Value Estimation by Request
      3,721 SF

      7711 81st St

      MEDICAL BUILDING • 3,721 SF
      7711 81st St, Tulsa, OK 74133-4200
      View Details
    • Value Estimation
      $2,945,000
      27,278 SF

      10506 Memorial Dr

      MEDICAL BUILDING • 27,278 SF
      10506 Memorial Dr, Tulsa, OK 74133-6914
      View Details
    • Value Estimation
      $1,145,000
      10,584 SF

      8005 106th St

      MEDICAL BUILDING • 10,584 SF
      8005 106th St, Tulsa, OK 74133-6600
      View Details
    • Value Estimation by Request
      4,464 SF

      6939 66th E Ave

      MEDICAL BUILDING • 4,464 SF
      6939 66th E Ave, Tulsa, OK 74133-1778
      View Details
    • Value Estimation
      $1,350,000
      7,058 SF

      10108 79th St

      MEDICAL BUILDING • 7,058 SF
      10108 79th St, Tulsa, OK 74133-4524
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,332 SF

      Tulsa Office/Medical Building For Sale

      Professional office/medical building in Tulsa's Burning Tree Executive Park.
      8137 E 63Rd Pl, Tulsa, OK 74133
      View Details
    • Contact for pricing
      3,500 SF

      Move-In Ready Executive Suite

      3,500 SF executive suite, ideal for medical or professional office.
      8126 S Mingo Rd, Tulsa, OK 74133
      View Details
    • $10,000,000
      76,000 SF

      Former Behavioral Health Facility

      76,000 SF medical office or redevelopment opportunity.
      6262 S Sheridan Rd, Tulsa, OK 74133
      View Details
    • New
      Contact for pricing
      4,754 SF

      Mixed-Use Space in Tulsa, OK

      Commercial space at 61st & Memorial, build out to suit!
      8321 E 61St St, Tulsa, OK 74133
      View Details
    • New
      Contact for pricing
      1,958 SF

      Mixed-Use Space in Tulsa, OK

      Premier commercial space at 61st & Memorial, build-out options available.
      8321 E 61St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      4,164 SF

      South Tulsa Investment Opportunity

      Office building in South Tulsa, great investment opportunity.
      6550 E 71St St, Tulsa, OK 74133
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      16,910 SF

      Shops at St. James, Broken Arrow

      High-end retail/medical space available
      0 81St St, Broken Arrow, OK 74133
      View Details
    • $16 SF/Yr
      2,542 SF

      South Tulsa Medical Office Space

      Medical office space for lease in prime Tulsa location.
      7702 E 91St St, Tulsa, OK 74133
      View Details
    • $15 SF/Yr
      20,254 SF

      9100 Memorial Office Suites

      Executive & Traditional Office Space Available
      7718 91St St, Tulsa, OK 74133
      View Details
    • $16 SF/Yr
      2,303 SF

      Office Space with Ample Parking

      Office space featuring open layout, private offices, and breakroom.
      10425 S Regal Blvd, Tulsa, OK 74133
      View Details
    • $16 SF/Yr
      26,632 SF

      Tulsa Office Space Available

      Office space available for rent in Tulsa, Oklahoma.
      7645 E 63Rd St, Tulsa, OK 74133
      View Details
    • $18 SF/Yr
      2,000 SF

      Office Space with Conference Room

      Office space featuring a conference room, break area, and storage.
      8215 E Regal Blvd, Tulsa, OK 74133
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8921 Mingo Rd
    Tulsa, OK 74133-5841
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.