Sign Up Successful!
You now have access to more from Realmo!
    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

    201 E Hobson Ave Sapulpa, OK 74066

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $795,000

    Remodeled office building for sale in downtown Sapulpa.

    Property size:
    3,840 SF
    Lot size:
    0.35 Acres

    Property Features for 201 E Hobson Ave

    General Information

    Size
    3,840 SF
    Lot size
    0.35 Acres

    We can help!

    Listing Contact
    Vicki Patterson
    Vicki Patterson
    Source: Moodyscre

    Listing Agent: Vicki Patterson

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

    Learn more

    Property Insight Report

    Overview

    Downtown Sapulpa Turnkey Office Space

    This turnkey office space is available for sale in Downtown Sapulpa. Originally constructed in 1905, the 3,840-square-foot building was completely remodeled and updated in 2017. Updates include a new roof, windows, HVAC, electrical, plumbing, and CAT6 wiring. The property is currently owner-occupied, and the tenant is open to vacating or remaining through the current lease. Hobson Ave is undergoing expansion, with a new brewery, retail spaces, and a hotel planned for completion by the end of 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SEQTEK Software Company Well Checked Systems ... Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sapulpa
    County
    Creek
    State
    Oklahoma
    Longitude
    -96.111171
    Latitude
    36.000091

    Nearby Similar for Sale

    • $260,000
      1,596 SF

      Office Building in Growing Sapulpa

      Commercial office space with tenant and expansion potential in Sapulpa.
      502 Taft Ave, Sapulpa, OK 74066
      View Details
    • $300,000
      7,000 SF

      Sapulpa Church with Open Sanctuary

      Church with sanctuary, kitchen, hall, offices, and classrooms.
      12229 S Ave West, Sapulpa, OK 74066
      View Details
    • $199,000
      1,116 SF

      Sapulpa Commercial Building on Main

      Commercial building for sale on Main Street in Sapulpa.
      704 S Main St, Sapulpa, OK 74066
      View Details
    • Contact for pricing
      1,116 SF

      Sapulpa, OK Commercial Building

      Commercial building on Main Street in Sapulpa, Oklahoma for sale.
      704 S Main St, Sapulpa, OK 74066
      View Details
    • Contact for pricing
      25,750 SF

      Sapulpa Warehouse with Office Space

      25,750 SF building with office and warehouse areas.
      710 S Adams St, Sapulpa, OK 74066
      View Details
    • $599,000
      4,352 SF

      Downtown Sapulpa Quadplex For Sale

      Four-unit property in downtown Sapulpa with recent upgrades.
      105 S Poplar St, Sapulpa, OK 74066
      View Details
    • $2,584,615
      2,540 SF

      High-Visibility Commercial Corner Location

      Starbucks in Sapulpa's bustling commercial district, near Tulsa.
      1304 N 9Th St, Sapulpa, OK 74066
      View Details
    • $350,000
      1,928 SF

      Established Restaurant in Sapulpa

      Well-established restaurant with loyal customer base in prime location.
      902 S Hickory St, Sapulpa, OK 74066
      View Details
    • $450,000
      4,000 SF

      Renovated Retail/Office Building on Main

      Renovated 4,000 SF retail/office building in great location.
      321 S Main St, Sapulpa, OK 74066
      View Details
    • $375,000
      5,992 SF

      Sapulpa Multifamily Investment Opportunity

      Six-unit apartment building, excellent income potential.
      405 Maple St, Sapulpa, OK 74066
      View Details

    FAQs

    What type of property is this?
    Office space - Remodeled office building for sale in downtown Sapulpa.
    Where is this office space located?
    The property is located at 201 E Hobson Ave Sapulpa, OK.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Turnkey, completely remodeled office space in Downtown Sapulpa.; - Significant updates in 2017: new roof, windows, HVAC, electrical, plumbing, and CAT6.; - Located on Hobson Ave, which is undergoing expansion with a new Brewery, Retail and Hotel scheduled for completion by the end of 2024.
    (918) 519-6731
    Request Owner's contact information
    201 E Hobson Ave Sapulpa, OK 74066
    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.
    201 E Hobson Ave
    Sapulpa, OK 74066
    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
    201 E Hobson Ave Sapulpa, OK 74066
    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!
    Listing Contact
    Vicki Patterson
    Vicki Patterson
    Real Estate License ID: OK 171566
    (918) 519-6731
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.