Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2816 E 51St St Tulsa, OK 74105

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Remodeled full floor office space with I-44 signage opportunity.

    Property size:
    6,002 SF
    Lot size:
    0.64 Acres

    Property Features for 2816 E 51St St

    General Information

    Size
    6,002 SF
    Lot size
    0.64 Acres

    We can help!

    Listing Contact
    Monty Berry
    Monty Berry
    Source: Moodyscre

    Listing Agency: Equitas Realty Advisors LLC Listing Agent: Monty Berry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Remodeled Office Space with Signage

    This property offers a full floor office space, providing a private and secured environment suitable for single tenant use. The space features an extensive configuration that includes multiple offices, support rooms, a full kitchen, and a large conference room. The office has been recently remodeled with a contemporary design. A notable feature of this property is the opportunity for building signage facing I-44. The floor is fully sprinklered with a wet pipe system. The property contains 6,002 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tulsa Republican Party ... Advocacy Group Effective Teaching Learning ... Training Center Johnson | Cephas Law ... Law Firm Mia Building Apartment Building Abbott Investigations Inc Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.948697
    Latitude
    36.089466

    Nearby Similar for Sale

    • $750,000
      8,502 SF

      Versatile Commercial Building in Tulsa

      Event center and office building suitable for various business needs.
      1823 W 51St St, Tulsa, OK 74107
      View Details
    • $349,999
      Pending

      Tulsa Commercial Space For Sale

      2685 SF versatile space ideal for retail or office.
      5987 E 25Th Pl, Tulsa, OK 74114
      View Details
    • Contact for pricing
      13,526 SF

      Midtown Tulsa Office Space Available

      Office suites available in Midtown Tulsa location.
      4625 Harvard Ave, Tulsa, OK 74135
      View Details
    • New
      $390,000
      Pending

      Route 66 Commercial Property

      Remodeled commercial property with frontage on historic Route 66.
      4216 E 11Th St, Tulsa, OK 74112
      View Details
    • $525,000
      Pending

      Tulsa Commercial Multi-Use Building

      Multi-use building near 31st and Sheridan in Tulsa, Oklahoma.
      3227 S Lakewood Ave, Tulsa, OK 74135
      View Details
    • Contact for pricing
      8,000 SF

      Spacious Tulsa Office Building

      Two-story office building near Downtown Tulsa with versatile layout.
      6943 E 12Th St, Tulsa, OK 74112
      View Details
    • $948,000
      7,900 SF

      Tulsa Office/Warehouse on 2 Acres

      7,900 SF office/warehouse on 2 acres with fenced yard.
      1116 S 129 Ave E, Tulsa, OK 74108
      View Details
    • Contact for pricing
      3,004 SF

      Tulsa Retail Space For Sale

      Commercial space in a vibrant, high-traffic Tulsa location.
      3421 E 61St St, Tulsa, OK 74133
      View Details
    • $1,190,000
      Pending

      Versatile Commercial Building in Tulsa

      12,600+ sqft commercial building suitable for various business operations.
      6580 E Skelly Dr, Tulsa, OK 74145
      View Details
    • $350,000
      Pending

      Tulsa Commercial Building For Sale

      Industrial building suitable for auto repair or manufacturing.
      2715 N Madison Ave, Tulsa, OK 74106
      View Details
    • $475,000
      3,000 SF

      Versatile Building on Acreage

      3,000 sq ft building on 5.32 acres near 51st St.
      8302 W 51St St S, Tulsa, OK 74107
      View Details
    • $415,000
      2,425 SF

      Turn-Key Dispensary & Restaurant Opportunity

      Multi-use commercial property with immediate income potential in Tulsa.
      432 S Sheridan Rd, Tulsa, OK 74112
      View Details

    FAQs

    What type of property is this?
    Office units - Remodeled full floor office space with I-44 signage opportunity.
    Where is this office units located?
    The property is located at 2816 E 51St St Tulsa, OK.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: - Prime full floor space; - Opportunity for building signage facing I-44; - Private and secured floor for single tenant use
    (918) 695-4162 Call to check price and availability
    Request Owner's contact information
    2816 E 51St St Tulsa, OK 74105
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2816 E 51St St
    Tulsa, OK 74105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2816 E 51St St Tulsa, OK 74105
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Monty Berry
    Monty Berry
    Real Estate License ID: 83879
    (918) 695-4162 (918) 280-9900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!