Office Units Building with Tornado
For Sale
$365,000
Pending
8560 E 131st Street S, Bixby, OK 74008
COMMERCIAL - Bixby, OK
Property Size1,353 SF
Lot Size0.50 Acres
Days on Market60
Property Features for 8560 E 131st Street S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CS
Parking features
Paved or Surfaced
Interior features
Smoke Detector
Fencing
Chain Link, Privacy
Subdivision
Tulsa Co Unplatted
Elementary school district
Bixby - Sch Dist (4)
Middle school district
Bixby - Sch Dist (4)
High school district
Bixby - Sch Dist (4)
Directions
From Memorial, East on 131st, property on South side.
Standard status
Pending
APN
97312-73-12-49900
Size
1,353 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
E181.5 W/2 NE NE NW LESS BEG 2218.24E NWC TH S264.0 W82.50 S396.0 E181.50 N660.00 W TO POB SEC 12 17 13
Tax Annual Amount
3334
Legal Description
E181.5 W/2 NE NE NW LESS BEG 2218.24E NWC TH S264.0 W82.50 S396.0 E181.50 N660.00 W TO POB SEC 12 17 13
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1950
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Chinowth & Cohen
(918) 943-3009
Listed By:
Heidi Paselk · License #160559
(918) 639-2684
Added: Jun 12
Changed: Aug 4
Last Checked: Aug 10 at 3:06AM
MLS# 2621482
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Office units property at 8560 E 131st Street S featuring 1,353 SF of brick construction under a composition roof. Built in 1950, the space includes an entry/reception area, four offices/conference rooms, a full bathroom, a kitchen, and a flex area. A back porch/sun room extends from the building and includes an underground tornado shelter.
Set on a 0.503-acre lot with 100 feet of road frontage along 131st Street in Bixby, the property offers paved parking in front. The site is fenced with privacy and chain link fencing, and utilities are supported by central heating and central air. Interior features include smoke detector.
This property can serve as office space and may also support a variety of commercial uses based on the configuration and zoning designation.
Set on a 0.503-acre lot with 100 feet of road frontage along 131st Street in Bixby, the property offers paved parking in front. The site is fenced with privacy and chain link fencing, and utilities are supported by central heating and central air. Interior features include smoke detector.
This property can serve as office space and may also support a variety of commercial uses based on the configuration and zoning designation.
Key Highlights
- 100 feet of road frontage on 131st Street
- 0.503‑acre lot with paved parking in front
- 1,353 SF office units layout with reception, four offices, bathroom, kitchen, and flex area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$333,580
$333.6K
Cap Rate 7%
$238,271
$238.3K
Cap Rate 9%
$185,322
$185.3K
Market Conditions
NOI Build-Up for 1,353 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.3K $18.72/SF
− Vacancy
−$3.1K −$2.28/SF
EGI
$22.2K $16.44/SF
− OpEx
−$5.6K −$4.11/SF
NOI
$16.7K $12.33/SF
Area
Tulsa County, OK
Vacancy
12.20%
Lease Rate
$18.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$333,580
Cap Rate 7%
$238,271
Cap Rate 9%
$185,322
Alternative Uses
Best Use
Office B
$238.3K
$208.5K – $278.0K
NOI $16,679 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.9K
$266.8K – $355.8K
NOI $21,345 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 74008, OK
31,745
Population
12,447
Households
2.6
Avg Household Size
36
Median Age
44%
College-Educated
95%
High-School Grad
74.3 sq mi
ZIP Area
427
Density / Sq Mi
$95,476
Median Household Income
$48,691
Median Earnings
$1,302
Median Rent
$303,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - CS-zoned office units with paved parking, central HVAC, and an underground tornado shelter connected to a back porch/sun room.
Where is this office units located?
The property is located at 8560 E 131st Street S Bixby, OK.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 100 feet of road frontage on 131st Street; 0.503‑acre lot with paved parking in front; 1,353 SF office units layout with reception, four offices, bathroom, kitchen, and flex area
