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    Tulsa, OK 74131
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    Property profile & analytics

    , Tulsa, OK 74131

    View on Map
    • Manufacturing properties
    • 10,764 SF
    • 4.88 lot acres
    Off-Market
    Property ID
    US69-0485297
    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
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details

    Year built
    2003
    Lot size
    4.88 lot acres
    Property type
    Manufacturing properties
    APN
    0000-13-018-011-0-017-01
    APU
    13018011001701

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 25, 2020 $780,000 B & W Fabrication LLC Weathers Tommy J L/tr Grant Deed —
    Jan 9, 2017 — Weathers,t J SR Living Trust — Deed · related $405k · Bancfirst
    Jun 29, 2016 — Weathers,t J SR Living Trust — Deed · related $201k · Bancfirst
    Jul 1, 2010 — Weathers Tommy J Living Trust Weathers,tommy J SR & Rubye E Quit Claim Deed · related —
    — — Weathers,t J SR Living Trust — Deed Of Trust · related $201k · Bancfirst
    — — Weathers,t J SR Living Trust — Deed Of Trust · related $405k · Bancfirst
    — — Tommy J Weathers SR. — Deed Of Trust · related $311k · Bancfirst
    — — Weathers Tomy J Living Trust — Deed Of Trust · related $100k · Bancfirst

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $860,000
      6.5%
      $795,000
      7%
      $740,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $452,000
      Market price range: $212k - $452k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $695,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $775,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -96.0869
    Latitude
    36.0398
    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
    $8,576
    $15,600
    $87,776
    $103,376
    -
    $130,001
    $1,391,745
    $1,521,746

    Comparable in this City

    • Value Estimation
      $605,000
      9,480 SF

      8600 89th W Ave

      MANUFACTURING (LIGHT)
      8600 89th W Ave, Tulsa, OK 74131-3649
      View Details
    • Value Estimation
      $560,000
      12,000 SF

      8609 84th St

      MANUFACTURING (LIGHT)
      8609 84th St, Tulsa, OK 74131-3681
      View Details
    • Value Estimation
      $830,000
      20,427 SF

      7835 State Hwy 66

      MANUFACTURING (LIGHT)
      7835 State Hwy 66, Tulsa, OK 74131-6611
      View Details
    • Value Estimation
      $5,665,000
      172,256 SF

      6750 57th W Ave

      MANUFACTURING (LIGHT)
      6750 57th W Ave, Tulsa, OK 74131-2411
      View Details
    • Value Estimation by Request
      2,050 SF

      8500 89th W Ave

      MANUFACTURING (LIGHT)
      8500 89th W Ave, Tulsa, OK 74131-3617
      View Details
    • Value Estimation by Request
      1,500 SF

      6609 Frankoma Rd

      MANUFACTURING (LIGHT)
      6609 Frankoma Rd, Tulsa, OK 74131
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,200 SF

      Versatile Automotive/Industrial Property For Sale

      21,200 SF automotive/industrial property with highway frontage.
      8201 New Sapulpa Rd, Tulsa, OK 74131
      View Details
    • $1,975,000
      21,200 SF

      Versatile Commercial Property in Tulsa

      21,200 SF flex space with showroom and storage.
      8300 New Sapulpa Rd, Tulsa, OK 74131
      View Details
    • $999,000
      9,250 SF

      Tulsa Flex Space on Acres

      Flex space with room for growth on 10 acres.
      6431 Frankoma Rd, Tulsa, OK 74131
      View Details
    • $2,899,000
      54,399 SF

      West Tulsa Industrial Property

      54,399 SF industrial property on 12.39 acres in West Tulsa.
      6717 South 61St West Ave, Tulsa, OK 74131
      View Details
    • Contact for pricing

      Two Adjacent 80-Acre Parcels

      Two adjacent parcels totaling approximately 160 acres for sale.
      8702 S 49Th West Ave, Tulsa, OK 74131
      View Details
    • $214,900
      1.00 Acre

      Residential Land Near Country Club

      Build-ready 1+ acre homesite near The Oaks Country Club.
      5332 Oak Timber Dr, Tulsa, OK 74131
      View Details
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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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