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    7619 E 126th St S Bixby OK 74008 Bixby, OK 74008

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    For Lease
    $23 SF/Yr

    6,039 SF of office space available

    Added:
    Jan 31, 2025
    Days on Market:
    448
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 7619 E 126th St S Bixby OK 74008

    General Information

    Standard status
    Active
    Property type
    Office Units, Office buildings, Office properties & Spaces
    Class
    A
    Elevators
    N/A
    Rate Type
    Yearly

    We can help!

    Listing Contact
    Susan Davis

    Listing agent Susan License ##024512

    Listing office SVN Oak Realty Advisors - Tulsa

    Listing date Jan 31, 2025

    Overview

    Bixby Office Space For Lease

    Located in Bixby, OK, this office space offers 6,039 square feet within the Parke 126 office development, situated at the intersection of Memorial and 126th Street. The property features a two-level suite, with each floor accessible via separate entrances from a central foyer. This layout provides flexibility and privacy for tenants. The location offers convenient access to major thoroughfares. The space is suitable for a variety of office uses and is ready for immediate occupancy. The property presents the opportunity to lease either one or both floors, accommodating businesses of varying sizes. The annual lease rate is $23 per square foot. Further details regarding lease terms are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bixby
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.890424
    Latitude
    35.984363

    Nearby Similar for Lease

    • $23 SF/Yr

      Bixby Office Space For Lease

      Office property in a thriving location with modern amenities.
      7619 E 126th St S, Bixby, OK 74008
      View Details
    • Sponsored
      Contact for pricing

      PostRock

      8211 Regal Pl, Unit 100-103, Bixby, OK 74133
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    • $500/Mo

      Office Space with Gym Membership

      Office space for lease, short term available, gym membership included.
      7690 East 126th Street South, Bixby, OK 74008
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    • $11 SF/Yr

      Retail Space in Bixby, OK

      High-visibility retail space with ample parking and flexible layout.
      8307 S E 111th St , Bixby, OK
      View Details
    • $23 SF/Yr

      7619 E 126th St

      6,030 sq ft Bixby office space for lease.
      7619 E 126th St S | Bixby, OK 74008, Bixby, OK 74008
      View Details
    • $7 SF/Yr

      Bixby Flex Space For Lease

      Flex space with overhead doors and central HVAC for lease.
      8315 E 111 St S, Bixby, OK
      View Details
    • $18 SF/Yr

      Bixby Office Space Available

      Office space featuring reception, offices, restrooms, and break area.
      10462 E S 82 Ave, Bixby, OK
      View Details

    FAQs

    What type of property is this?
    Office units - 6,039 SF of office space available
    Where is this office units located?
    The property is located at 7619 E 126th St S Bixby OK 74008 Bixby, OK.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    (918) 924-6199
    We can help!
    Listing Contact
    Susan Davis
    Real Estate License ID: #024512
    Learn More
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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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