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    8929 Memorial Dr Tulsa, OK 74133-4330
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    Property profile & analytics

    8929 Memorial Dr Tulsa, OK 74133-4330

    View on Map
    • Strip malls
    • 71,679 SF
    • 8.90 lot acres
    Off-Market
    Property ID
    US69-0401855
    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.
    Value Estimations
    $1,885,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dentist / Dental Office
    • Nana Rose's Italian Bakery & Market / Bakery / Specialty Food Shop
    • Grapes and Grains Liquors and Wines / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Bangs Salon / Hair Salon / Nail Salon
    • Resharp / Sharpening Service

    Property Details for 8929 Memorial Dr

    Year built
    1991
    Construction
    STEEL FRAME
    Lot size
    8.90 lot acres
    Property size
    71,679 SF
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    77145-83-13-40630
    APU
    77145831340630

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,340,000
      Market price range: $1.34M - $4.31M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.885
    Latitude
    36.0342
    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
    $65,590
    $341,143
    $144,386
    $485,529
    -
    $3,101,300
    $1,312,600
    $4,413,900

    Comparable in this City

    • Value Estimation by Request
      14,100 SF

      10827 Memorial Dr

      SHOPPING CENTER, STRIP CENTER • 14,100 SF
      10827 Memorial Dr, Tulsa, OK 74133-7370
      View Details
    • Value Estimation
      $920,000
      32,611 SF

      10032 Sheridan Rd Ste Q

      SHOPPING CENTER, STRIP CENTER • 32,611 SF
      10032 Sheridan Rd Ste Q, Tulsa, OK 74133-6259
      View Details
    • Value Estimation
      $520,000
      8,983 SF

      10031 71st St

      SHOPPING CENTER, STRIP CENTER • 8,983 SF
      10031 71st St, Tulsa, OK 74133-3270
      View Details
    • Value Estimation
      $775,000
      26,381 SF

      6973 71st St

      SHOPPING CENTER, STRIP CENTER • 26,381 SF
      6973 71st St, Tulsa, OK 74133-2757
      View Details
    • Value Estimation by Request
      8,000 SF

      6937 Sheridan Rd

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      6937 Sheridan Rd, Tulsa, OK 74133-1743
      View Details
    • Value Estimation
      $1,375,000
      14,060 SF

      10902 71st St

      SHOPPING CENTER, STRIP CENTER • 14,060 SF
      10902 71st St, Tulsa, OK 74133
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,175 SF

      Prime Tulsa Shopping Center Space

      High-visibility retail or restaurant space near Woodland Hills Mall.
      7033 S Memorial Ave, Tulsa, OK 74133
      View Details
    • Contact for pricing
      2,978 SF

      Prime Commercial Space For Sale

      Premier location at 61st & Memorial, build out to suit!
      8321 E 61St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      3,881 SF

      Prime Commercial Space Tulsa

      Premier location with build-to-suit options and ongoing improvements.
      8321 E 61St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      4,754 SF

      Prime Commercial Space Available

      Premier location with build-to-suit options and ongoing improvements.
      8321 E 61St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      1,958 SF

      Tulsa Commercial Space For Sale

      Prime commercial space at 61st & Memorial in Tulsa, OK.
      8321 E 61St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      7,766 SF

      Remodeled Retail Building on Memorial

      Remodeled 7,766 SF retail building on 1.56 acres.
      7315 S Memorial Dr, Tulsa, OK 74133
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      2,850 SF

      Retail Space in High-Growth Area

      Retail space with national tenants, serving multiple communities.
      10846 S Memorial Dr, Tulsa, OK 74133
      View Details
    • Contact for pricing
      3,670 SF

      Retail Space Near Costco

      Retail space available in high-traffic Tulsa location.
      8125 E 101St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      1,200 SF

      High Profile Retail Center

      Retail center located on 71st St, Tulsa, OK.
      8202-8268 E 71St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      1,111 SF

      Retail Space in Summit Square

      Retail space for lease in a busy Tulsa shopping center.
      7104-7122 S Sheridan Rd, Tulsa, OK 74133
      View Details
    • Contact for pricing
      3,670 SF

      Retail Space Near Costco

      Retail space available across from Costco with high traffic.
      10035 S Memorial Dr, Tulsa, OK 74133
      View Details
    • Contact for pricing

      Retail Space in Active Trade

      Retail space in Tulsa's active trade area with high visibility.
      8228 East 61St St, Tulsa, OK 74133
      View Details
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    Tulsa, OK 74133-4330
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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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