Renovated East Village Creative
For Sale
Contact for pricing
1201 E 3rd St, Tulsa, OK 74120
Open-concept office space in Tulsa's East Village district.
Property Size4,480 SF
Price / SF$178.57
Days on Market161
Property Features for 1201 E 3rd St
General Information
Standard status
Active
Size
4,480 SF
Total Parking Spaces
20
Property subtype
Office
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Renovated
2017
Stories
1
Listing Agency:
Carlson Group
Listed By:
Thomas Carlson CCIM · License #OK180271
(918) 517-6220
Source:
Crexi
Added: May 9
Changed: Oct 16
Last Checked: Oct 16 at 8:38AM
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 Carlson Group
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Investment Insights
Based on property information with market context.
This 4,480 square foot open-concept office space is located in Tulsa's East Village district. Renovated in 2017, the property features polished concrete floors, exposed brick, and exposed wood-joist ceilings. The layout includes a glass-walled conference room, a private office or secondary conference room, an open work bay, a full kitchen, two restrooms, and a garage bay with an overhead door. The property is offered furnished and has a security system in place. Twenty dedicated street parking spaces are located immediately adjacent to the property. I-244 and Highway 75 are within minutes, and the downtown core, Brady Arts, and Cherry Street are a five-minute drive away. It is suitable for design studios, professional services, and small headquarters. The property is owner-occupy ready, with a full kitchen, two restrooms, and security in place.
Key Highlights
- Move‑in ready, fully furnished office space renovated in 2017.
- 20 dedicated street parking spaces in a downtown location.
- Located in Tulsa's East Village district, minutes from I‑244 and Highway 75.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,710
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,200
$1.0M
Cap Rate 7%
$738,714
$738.7K
Cap Rate 9%
$574,556
$574.6K
Market Conditions
NOI Build-Up for 4,480 SF
Gross rent
$80.6K $18.00/SF
− Vacancy
−$11.7K −$2.61/SF
EGI
$68.9K $15.39/SF
− OpEx
−$17.2K −$3.85/SF
NOI
$51.7K $11.54/SF
Area
Tulsa, OK
Vacancy
14.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,200
Cap Rate 7%
$738,714
Cap Rate 9%
$574,556
Alternative Uses
Best Use
Office B
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$955.5K
$836.1K – $1.11M
NOI $66,886 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,308
Businesses Nearby
Explore this area
Business Placement
Demographics for 74120, OK
5,037
Population
3,308
Households
1.5
Avg Household Size
37
Median Age
52%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
2,399
Density / Sq Mi
$66,280
Median Household Income
$46,823
Median Earnings
$1,071
Median Rent
$415,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Creative space - Open-concept office space in Tulsa's East Village district.
Where is this creative space located?
The property is located at 1201 E 3rd St Tulsa, OK.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Move‑in ready, fully furnished office space renovated in 2017.; 20 dedicated street parking spaces in a downtown location.; Located in Tulsa's East Village district, minutes from I‑244 and Highway 75.
