Office-Configured Flex
1039 North Owasso Avenue, Tulsa, OK 74106
For Sale
Contact for pricing
A remodeled layout brings administrative offices together with an adjoining warehouse area.
Property Size2,880 SF
Price / SF$102.43
Days on Market54
Property Features for 1039 North Owasso Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Listing Agency:
KW Commercial OK
Listed By:
Patrick Arie · License OK #157053
Source:
Crexi
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 14 at 6:20AM
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 KW Commercial OK
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Investment Insights
Based on property information with market context.
This 2,880 SF flex property pairs administrative space with a warehouse. The office area has tile flooring and eight offices, including two sized for conference or project use. The warehouse measures 38 x 22 and has a 10x10 overhead door, with an adjoining 9x10 room.
Key Highlights
- 2,880 SF flex property with office and warehouse areas
- Eight offices, including two suitable for conference or project work
- Warehouse measures 38 x 22
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,812
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,240
$336.2K
Cap Rate 7%
$240,171
$240.2K
Cap Rate 9%
$186,800
$186.8K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$20.4K $7.08/SF
− Vacancy
−$612 −$0.21/SF
EGI
$19.8K $6.87/SF
− OpEx
−$3.0K −$1.03/SF
NOI
$16.8K $5.84/SF
Area
Tulsa, OK
Vacancy
3.00%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,240
Cap Rate 7%
$240,171
Cap Rate 9%
$186,800
Alternative Uses
Best Use
Warehouse
$240.2K
$210.2K – $280.2K
NOI $16,812 @ 7.0% cap · market cap 5.70%
Second Best
Flex RnD
$213.4K
$186.7K – $249.0K
NOI $14,939 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$614.3K
$537.5K – $716.6K
NOI $42,998 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 74106, OK
16,805
Population
8,341
Households
2
Avg Household Size
35
Median Age
17%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
2,211
Density / Sq Mi
$37,714
Median Household Income
$31,022
Median Earnings
$816
Median Rent
$98,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Tulsa, OK
Properties on Market for Flex space in Tulsa
Vacancy Rate% for Industrial in Tulsa, OK
Similar Off Market Nearby
- Any Beans and Rice, LLC — 1173 N Frankfort Ave, Tulsa, OK 74106
Frequently Asked Questions
What type of property is this?
Flex space - A remodeled layout brings administrative offices together with an adjoining warehouse area.
Where is this flex space located?
The property is located at 1039 North Owasso Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,880 SF flex property with office and warehouse areas; Eight offices, including two suitable for conference or project work; Warehouse measures 38 x 22
