Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    907 S Memorial Dr Tulsa, OK 74112

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    907 S Memorial Dr Tulsa, OK 74112

    View on Map
    • Strip malls
    • 21,900 SF
    • 1.81 lot acres
    For Lease
    $7 SF/Yr
    View Listing →
    Retail Space on Memorial Drive For Lease
    $7 SF/Yr
    12,060 SF

    Retail Space on Memorial Drive

    Large retail space in revitalizing area with ample parking.

    907 S Memorial Dr, Tulsa, OK
    View Listing
    Property ID
    US69-0048699
    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
    $770,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mc Culley's Nails Plus & More / Nail Salon
    • New Beginning Christian Center / Church

    Property Details for 907 S Memorial Dr

    Year built
    1971
    Construction
    WOOD FRAME
    Lot size
    1.81 lot acres
    Property size
    21,900 SF
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    08650-93-01-00430
    APU
    8650930100430

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $595,000
      Market price range: $486k - $954k

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.886
    Latitude
    36.1493
    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
    $9,169
    $26,026
    $42,273
    $68,299
    -
    $236,600
    $384,300
    $620,900

    Comparable in this City

    • Value Estimation by Request
      10,440 SF

      6801 15th St

      SHOPPING CENTER, STRIP CENTER • 10,440 SF
      6801 15th St, Tulsa, OK 74112-6607
      View Details
    • Value Estimation
      $585,000
      15,829 SF

      1116 Memorial Dr

      SHOPPING CENTER, STRIP CENTER • 15,829 SF
      1116 Memorial Dr, Tulsa, OK 74112
      View Details
    • Value Estimation
      $625,000
      18,870 SF

      1861 Sheridan Rd

      SHOPPING CENTER, STRIP CENTER • 18,870 SF
      1861 Sheridan Rd, Tulsa, OK 74112-7303
      View Details
    • Value Estimation
      $525,000
      8,035 SF

      1902 Harvard Ave

      SHOPPING CENTER, STRIP CENTER • 8,035 SF
      1902 Harvard Ave, Tulsa, OK 74112-6828
      View Details
    • Value Estimation by Request
      5,000 SF

      814 Sheridan Rd

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      814 Sheridan Rd, Tulsa, OK 74112-3142
      View Details
    • Value Estimation by Request
      8,332 SF

      1102 Yale Ave

      SHOPPING CENTER, STRIP CENTER • 8,332 SF
      1102 Yale Ave, Tulsa, OK 74112-5343
      View Details

    Similar Nearby for Sale

    • $1,475,000
      6,132 SF

      Historic Route 66 Commercial Property

      Exceptional commercial opportunity in the heart of Tulsa on Route 66.
      3314 East 11Th St, Tulsa, OK 74112
      View Details
    • $390,000
      Pending

      Route 66 Commercial Property

      Remodeled commercial property with frontage on historic Route 66.
      4216 E 11Th St, Tulsa, OK 74112
      View Details
    • $225,000
      1,200 SF

      Turnkey Restaurant Opportunity in Tulsa

      Restaurant building for sale with equipment included on high-traffic intersection.
      601 S Sheridan Rd, Tulsa, OK 74112
      View Details
    • Contact for pricing
      13,000 SF

      Tulsa Office Building For Sale

      Two-story office building near Downtown Tulsa with versatile spaces.
      6943 E 12Th St, Tulsa, OK 74112
      View Details
    • $550,000
      1.35 Acres

      Prime Commercial Land Opportunity

      Commercial land with high traffic and development potential in Tulsa.
      11329 E 61St St, Tulsa, OK 74112
      View Details
    • Contact for pricing
      84,180 SF

      Multifamily Investment Opportunity in Tulsa

      92-unit multifamily community with value-add potential in East Tulsa.
      1246 S Memorial Dr, Tulsa, OK 74112
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,332 SF

      Retail Space on Memorial Drive

      Retail suites with frontage on Memorial, great location and visibility.
      8922 S Memorial Dr, Tulsa, OK 74112
      View Details
    • Contact for pricing
      1,486 SF

      Retail Space in Tulsa Center

      Regional power center anchored by Target and Reasor’s Foods.
      1625-1649 S Yale Ave, Tulsa, OK 74112
      View Details
    • Contact for pricing
      12,060 SF

      Retail Space on Memorial Drive

      Large retail space in revitalizing area with ample parking.
      907 S Memorial Dr, Tulsa, OK 74112
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space available in high-traffic area with strong demographics.
      1902 S Harvard Ave, Tulsa, OK 74112
      View Details
    • Contact for pricing
      3,360 SF

      Remodeled Retail Space For Rent

      Recently remodeled retail space in thriving Midtown/Cherry Street area.
      1517 S Harvard Ave, Tulsa, OK 74112
      View Details
    • Contact for pricing
      2,254 SF

      Retail Space on High Traffic Corridor

      Retail space with excellent frontage and abundant parking available for rent.
      1902-1916 S Harvard Ave, Tulsa, OK 74112
      View Details
    View Listing
    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.
    907 S Memorial Dr
    Tulsa, OK 74112
    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.
    Sign Up Successful!
    You now have access to more from Realmo!