Industrial Flex Space with
1021 N Columbia Place, Tulsa, OK 74110
For Sale
$1,600,000
Commercial, Tulsa, OK
Property Size26,643 SF
Lot Size0.69 Acres
Price / SF$60.05
Days on Market48
Property Features for 1021 N Columbia Place
General Information
Property type
Property subtype
Zoning
Interior features
Exterior features
Fencing
Elementary school district
Middle school district
High school district
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Building materials
Listing Agency:
Parker & Associates
Listed By:
Peter Parker
(918) 804-2200
Added: Sep 26
Changed: Oct 16
Last Checked: Nov 12 at 9:06AM
MLS# 2635542
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.
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Investment Insights
Based on property information with market context.
This 26,643-square-foot flex property combines executive offices, a reception area, and bullpen space with a large open warehouse. The warehouse has 2 OHDs, and a dock-high OHD is also noted. Additional features include 480 electric, a paint booth, an alarm system, and fenced parking. The site totals 0.689 acres and carries IM zoning. Built in 1955, the building has 9' ceilings, zoned heating and cooling, and chain-link fencing.
Key Highlights
- 26,643 square feet on 0.689 acres
- IM zoning
- Executive offices, reception area, and bullpen space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,197
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,763,940
$2.8M
Cap Rate 7%
$1,974,243
$2.0M
Cap Rate 9%
$1,535,522
$1.5M
Market Conditions
NOI Build-Up for 26,643 SF
Gross rent
$223.8K $8.40/SF
− Vacancy
−$11.2K −$0.42/SF
EGI
$212.6K $7.98/SF
− OpEx
−$74.4K −$2.79/SF
NOI
$138.2K $5.19/SF
Area
Tulsa, OK
Vacancy
5.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,763,940
Cap Rate 7%
$1,974,243
Cap Rate 9%
$1,535,522
Alternative Uses
Best Use
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,527 @ 7.0% cap · market cap 9.72%
Second Best
Flex RnD
$1.97M
$1.73M – $2.30M
NOI $138,197 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$5.68M
$4.97M – $6.63M
NOI $397,778 @ 7.0% cap · market cap 24.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74110, OK
15,197
Population
5,992
Households
2.5
Avg Household Size
32
Median Age
9%
College-Educated
69%
High-School Grad
5.9 sq mi
ZIP Area
2,576
Density / Sq Mi
$40,116
Median Household Income
$26,571
Median Earnings
$909
Median Rent
$67,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Tulsa, OK
Properties on Market for Flex space in Tulsa
Vacancy Rate% for Industrial in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Flex space - Office areas and an open warehouse are configured within an IM-zoned property.
Where is this flex space located?
The property is located at 1021 N Columbia Place Tulsa, OK.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 26,643 square feet on 0.689 acres; IM zoning; Executive offices, reception area, and bullpen space
