Flex Space with
For Sale
$1,600,000
1021 N Columbia, Tulsa, OK 74110
The property combines executive offices, an open warehouse, and fenced parking for a range of commercial operations.
Property Size26,643 SF
Price / SF$60.05
Days on Market38
Property Features for 1021 N Columbia
General Information
Standard status
Active
Size
26,643 SF
Property subtype
Industrial
Zoning
IM
Site & Location
Neighborhood
Springdale
Fenced Yard
Yes
Additional Details
Voltage
480 V
Property Use
Office, Warehouse
Building Details
Year Built
1955
Listing Agency:
Parker & Associates
Listed By:
Peter Parker
(918) 804-2200
Source:
Spiritrealtygroup
Added: Sep 26
Changed: Nov 1
Last Checked: Nov 1 at 3:47PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains 26,643 square feet, with executive offices, a reception area, and an open-plan warehouse. Warehouse features include two overhead doors, one dock-high overhead door, 480-volt electric service, and a paint booth. The site also has fenced parking and an alarm system. Built in 1955, the building is zoned IM.
Key Highlights
- 26,643 square feet of flex space
- Executive offices, reception area, and open warehouse
- Two overhead doors, including a dock‑high 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.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Industrial in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Flex space - The property combines executive offices, an open warehouse, and fenced parking for a range of commercial operations.
Where is this flex space located?
The property is located at 1021 N Columbia 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 of flex space; Executive offices, reception area, and open warehouse; Two overhead doors, including a dock‑high door
