Flex Space with
For Sale
$1,600,000
1021 N Columbia Place, Tulsa, OK 74110
Office areas include executive rooms, a reception area, and an open sales bullpen.
Property Size26,643 SF
Price / SF$60.05
Days on Market25
Property Features for 1021 N Columbia Place
General Information
Standard status
Active
Size
26,643 SF
Property subtype
Commercial
Building Details
Year Built
1955
Listing Agency:
Parker & Associates
Listed By:
Peter Parker · License #pparker
(918) 804-2200
Source:
1907realty
Added: Sep 28
Changed: Oct 17
Last Checked: Oct 19 at 3:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parker & Associates
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Investment Insights
Based on property information with market context.
This 26,643-square-foot flex property combines executive office space with a large open warehouse. The office layout includes a reception area and an open bullpen for sales staff. Warehouse features include overhead doors, dock-high loading, 480-volt electric service, and a paint booth.
The property was built in 1955 and is zoned IM. Additional site and building features include fenced parking and an alarm system.
The property was built in 1955 and is zoned IM. Additional site and building features include fenced parking and an alarm system.
Key Highlights
- 26,643‑square‑foot flex property with office and warehouse space
- Executive offices, reception area, and sales bullpen
- Large open warehouse with 2 overhead doors and a dock‑high overhead door
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Flex space - Office areas include executive rooms, a reception area, and an open sales bullpen.
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‑foot flex property with office and warehouse space; Executive offices, reception area, and sales bullpen; Large open warehouse with 2 overhead doors and a dock‑high overhead door
