Industrial Distribution
1111 North 161st East Avenue Tulsa, OK 74116
For Sale
Contact for pricing
For sale distribution warehouse property offering substantial industrial space for logistics and storage operations.
Property Size97,204 SF
Price / SF$91.07
Days on Market52
Property Features for 1111 North 161st East Avenue
General Information
- Standard status
- Active
- Size
- 97,204 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1986
Listing Agency:
Marcus & Millichap - Oklahoma City
Listed By:
Tim Speck · License #149994
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 11:11AM
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 Marcus & Millichap - Oklahoma City
Investment Insights
Based on property information with market context.
This property is an industrial distribution warehouse available for sale, totaling 97,204 square feet. The offering is positioned within the warehouse and distribution center categories, making it a straightforward fit for companies seeking dedicated industrial space for storage and distribution activities. For details beyond the basic listing information, the full marketing package is available via the property website.
The asset is located at 1111 North 161st East Avenue in Tulsa, Oklahoma. The address provides the property’s primary identification and access location for prospective buyers and brokers preparing next steps, including tours and underwriting.
Given the property’s warehouse/distribution center classification and its sizable footprint, it may be suitable for tenants and buyers looking for space that can support distribution workflows and general industrial warehousing needs. Interested parties should review the complete marketing package through the provided website link to confirm building-specific details and any operational characteristics that could affect fit, expansion planning, or leasing strategy.
The asset is located at 1111 North 161st East Avenue in Tulsa, Oklahoma. The address provides the property’s primary identification and access location for prospective buyers and brokers preparing next steps, including tours and underwriting.
Given the property’s warehouse/distribution center classification and its sizable footprint, it may be suitable for tenants and buyers looking for space that can support distribution workflows and general industrial warehousing needs. Interested parties should review the complete marketing package through the provided website link to confirm building-specific details and any operational characteristics that could affect fit, expansion planning, or leasing strategy.
Key Highlights
- Distribution warehouse property offering industrial space for logistics and storage operations
- Built in 1986
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $688.2k | $7.08 |
| − Vacancy | −$20.6k | −$0.21 |
| EGI | $667.6k | $6.87 |
| − OpEx | −$100.1k | −$1.03 |
| NOI | $567.4k | $5.84 |
97,204 SF · lease $7.08/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$8.11M
$7.09M – $9.46M
NOI $567,424 @ 7.0% cap · market cap 6.41%
Second Best
Industrial
$6.68M
$5.84M – $7.79M
NOI $467,291 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$20.73M
$18.14M – $24.19M
NOI $1,451,248 @ 7.0% cap · market cap 16.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
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- NAL Movers — 1566 N 166th E Ave Suite B, Tulsa, OK 74116
FAQs
What type of property is this?
Warehouse - For sale distribution warehouse property offering substantial industrial space for logistics and storage operations.
Where is this warehouse located?
The property is located at 1111 North 161st East Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $8,852,372.
What are key features of this property?
This property features: Distribution warehouse property offering industrial space for logistics and storage operations; Built in 1986
