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

    9500 51st St Tulsa, OK 74145-9048

    • Retail space
    • 10,000 SF
    • 1.66 lot acres
    OFF-MARKET
    Value Estimations
    $1,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0421223
    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

    • Tulsa SwingDance Club / Theater & Performing Art Venue
    • Scissortail Ballroom and Event Center / Hotel & Motel / Resort
    • Restoration Ballroom / Training Center

    Property Details for 9500 51st St

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.66 lot acres
    Property size
    10,000 SF
    Zone code
    CS
    Property type
    Retail space
    APN
    78010-93-36-42640
    APU
    78010933642640

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,605,000
      6.5%
      $1,480,000
      7%
      $1,375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,094,000
      Market price range: $459k - $1.60M
      AI Estimate
      $728,000
      Market price range: $271k - $1.02M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,090,000
      Current use
      MEDICAL BUILDING
      $1,715,000
      Change: +58% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,370,000
      Change: +26% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,360,000
      Change: +25% Conversion: Easy
      OFFICE BUILDING
      $1,185,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8703
    Latitude
    36.0894
    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
    $12,408
    $47,619
    $44,231
    $91,850
    -
    $432,900
    $402,100
    $835,000

    Comparable in this City

    • Value Estimation by Request
      1,650 SF

      7648 46th Pl

      RETAIL STORES (PERSONAL SERVICES) • 1,650 SF
      7648 46th Pl, Tulsa, OK 74145-6308
      View Details
    • Value Estimation by Request
      2,752 SF

      9075 31st St

      RETAIL STORES (PERSONAL SERVICES) • 2,752 SF
      9075 31st St, Tulsa, OK 74145-1703
      View Details
    • Value Estimation by Request
      2,059 SF

      6546 31st St

      RETAIL STORES (PERSONAL SERVICES) • 2,059 SF
      6546 31st St, Tulsa, OK 74145-1202
      View Details
    • Value Estimation
      $1,295,000
      15,658 SF

      6841 41st St

      RETAIL STORES (PERSONAL SERVICES) • 15,658 SF
      6841 41st St, Tulsa, OK 74145-4501
      View Details
    • Value Estimation by Request
      11,161 SF

      6533 51st St

      RETAIL STORES (PERSONAL SERVICES) • 11,161 SF
      6533 51st St, Tulsa, OK 74145-7604
      View Details
    • Value Estimation by Request
      1,280 SF

      8009 51st St

      RETAIL STORES (PERSONAL SERVICES) • 1,280 SF
      8009 51st St, Tulsa, OK 74145-7801
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,500 SF

      Retail Property with Lease Extension

      Retail property featuring a corporate-guaranteed lease with increases.
      4971 S Memorial Dr, Tulsa, OK 74145
      View Details
    • Contact for pricing

      Commercial Land on Memorial Drive

      0.40 acre commercial land with utilities and pylon sign.
      5332 S Memorial Dr, Tulsa, OK 74145
      View Details
    • Contact for pricing

      Commercial Land on Signalized Corner

      2.60-acre commercial land near major expressways.
      9330 E 41St St, Tulsa, OK 74145
      View Details
    • Contact for pricing
      1,650 SF

      Industrial Flex Space For Sale

      1,650 SF flex space on 10.23 acres, Tulsa, OK.
      7648 E 46Th Pl, Tulsa, OK 74145
      View Details
    • $625,000
      6,000 SF

      Climate Controlled Production/Warehouse Space

      6,000 SF climate-controlled space with office and production areas.
      3916 S Sheridan Rd, Tulsa, OK 74145
      View Details
    • $2,600,000

      Tulsa Flex Space with Heavy Power

      38,896 SF flex space with office and warehouse components.
      7700 E 38Th St, Tulsa, OK 74145
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,750 SF

      4307 S Sheridan Rd , Tulsa, OK

      Retail space • 5,750 SF
      4307 S Sheridan Rd, Tulsa, OK 74145
      View Details
    • Contact for pricing
      1,760 SF

      Retail Space on 51st Street

      1,760 SF retail space with frontage on 51st Street.
      9401 E 51St St, Tulsa, OK 74145
      View Details
    • $9 SF/Yr
      2,592 SF

      Retail Space with 41st Street Frontage

      Retail space featuring overhead doors and monument signage.
      6701-6715 E 41St St, Tulsa, OK 74145
      View Details
    • $9 SF/Yr
      1,460 SF

      Trade Center Office/Service Space

      1,460 SF office/service space in Trade Center.
      8200 E 41St St, Tulsa, OK 74145
      View Details
    • $9 SF/Yr
      3,400 SF

      Retail Space in Midtown Location

      Retail space for rent in a convenient Midtown location.
      5028 S Sheridan Rd, Tulsa, OK 74145
      View Details
    • Contact for pricing
      13,225 SF

      Retail Space Available For Lease

      Large retail space available for lease in Tulsa, Oklahoma.
      8010 E 51St St, Tulsa, OK 74145
      View Details
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    Tulsa, OK 74145-9048
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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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