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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Turn key restaurants
9701 61st St, Tulsa, OK 74133-1502
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0474068
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Construction
WOOD FRAME
Total area
5,528 SF
Lot
1.39 ac (60,505 SF)
Zoning code
CS
APN
78048-94-31-16260
UPID
US69-0474068
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
-
Apple Barrel Cafe Restaurant
-
The Jim Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.48M
Owner & transaction history
Simon Plaza LLC · 4 yrs held
Simon Plaza LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
CS · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,215,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±10% · vs last sale $1.55M (Jul 30 2021)
Last sale anchor
$1.55M
Jul 30 2021
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
$268 / 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
$23,033
Tax year 2023
Assessed value
$170,500
Assessed 2023
Previous assessed
$170,500
+0.0% YoY
Effective rate
13.51%
On assessed value
Assessed land
$66,561
Assessed improvement
$103,939
Land market value
$605,100
Improvement market value
$944,900
Total market value
$1,550,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,528 SF
Lot
1.39 ac (60,505 SF)
Zoning code
CS
APN
78048-94-31-16260
UPID
US69-0474068
Jurisdiction
TULSA
Zoning & alternative use
CS · Tulsa, OK
Zoning CS · permitted uses
CS · 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.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.39 ac
Current owner
From public records · entity-resolved
Simon Plaza LLC
Entity
Mailing address
3804 S YELLOW PNE AVE, BROKEN ARROW, OK 74011-1270
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2021
$1,550,000
Simon Plaza LLC
Patrick H Mcmurchy Living Revocable
Warranty Deed
$1,350,000 · The Patrick H Mcmurchy Living Revoc
Feb 1, 2019
—
Southern Expedition LLC
—
Deed
related
$182,867 · Arvest Mtg
Jun 5, 2015
—
Patrick H Mcmurchy Living Revocable
Pug Mahone Enterprises INC
Warranty Deed
$865,000 · Central National Bank & Trust Co Of Enid
Apr 30, 2008
$90,000
Pug Mahone Ents INC
Rockwall Blue Star Ok LLC
Warranty Deed
—
Jan 4, 2007
—
Southern Expedition LLC
—
Trustees Deed
related
$425,000 · Arvest Bank
Oct 20, 2006
—
Pug Mahone Ents INC
—
Trustees Deed
related
$1,008,000 · Arvest Bank
May 25, 2006
$900,000
Pug Mahone Ents INC
Blue Sky Realty LLC
Warranty Deed
$1,008,000 · Bank Of Oklahoma
Aug 17, 2005
$605,000
Blue Sky Realty LLC
Quiktrip Corp
Grant Deed
$581,000 · Spiritbank NA
Oct 15, 2004
$800,000
Quiktrip Corp
Billings & Fell LLC
Warranty Deed
—
—
—
Southern Expedition LLC
—
Loan Modification
related
$182,867 · Arvest Mtg
—
—
Southern Expedition LLC
—
Loan Modification
related
$285,015 · Arvest Bank
—
—
Pug Mahone Ents INC
—
Deed Of Trust
related
$1,250,000 · Arvest Bank
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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