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    1111 N 161 Ave E Tulsa, OK

    For Sale
    $8,410,015

    NNN leased warehouse/distribution asset with long-term tenant in Tulsa.

    Property size:
    97,204 SF
    Lot size:
    10.51 Acres

    Property Features for 1111 N 161 Ave E

    General Information

    Size
    97,204 SF
    Lot size
    10.51 Acres

    Source: Colliers - Little Rock Agent Mason Lewis, CCIM, SIOR

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

    Overview

    Tulsa Warehouse/Distribution NNN Leased Asset

    This industrial property is a warehouse and distribution facility leased to Mattsco Supply Company. The tenant has occupied the location for over 11 years and has 10 years remaining in the primary lease term, with one 10-year option. The lease includes 2.25% annual rent increases. The property features a 97,204 square foot building on a 10.51 acre parcel. The building includes 18,000 square feet of office space and 72,204 square feet of warehouse space. The warehouse has 20 to 25 foot clear heights, numerous grade level loading areas, and 2 dock height loading areas. Additionally, the property offers 5.5 acres of outdoor storage or yard space. The property has easy access to major transportation arteries, specifically N 161st E Avenue and Interstate 44, which sees over 77,700 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    SecurCare Self Storage, Acorn Mini Storage facility, Randy Self Storage Unit, H.T. Warehouse, Northern Moving Systems

    Map

    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.9945809
    Latitude
    36.1510884

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    FAQs

    What type of property is this?
    Warehouse - NNN leased warehouse/distribution asset with long-term tenant in Tulsa.
    Where is this warehouse located?
    The property is located at 1111 N 161 Ave E Tulsa, OK.
    What is the asking price?
    The asking price for this property is $8,410,015.
    What are key features of this property?
    This property features: - Absolute NNN Leased Asset with Long Term Tenant (Mattsco Supply Company); - 10 Years Remaining in Primary Term with One 10 Year Option and 2.25% Annual Rent Increases; - Substantial Outdoor Storage/Yard Space (5.5 Acres)
    (501) 416-1958
    Request Owner's contact information
    1111 N 161 Ave E Tulsa, OK
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    Tulsa, OK
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    Realmo Value Estimation

    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.

    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.

    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
    1111 N 161 Ave E Tulsa, OK
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