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Renovated East Village Creative Office

1201 E 3rd St Tulsa, OK 74120

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Open-concept office space in Tulsa's East Village district.

Type:Office
Property size:
4,480 SF
Price / SF:
$178/SF
Added:
May 9, 2026
Days on Market:
65
Last Refresh:
Jul 4 at 7:53 am

Property Features for 1201 E 3rd St

General Information

Standard status
Active
Size
4,480 SF
Property subtype
Office

Listing office Carlson Group

Listing date May 9, 2026

Source Crexi

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


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.

Local Financial Insights For Office B

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 $80.6k $18.00
− Vacancy −$11.7k −$2.61
EGI $68.9k $15.39
− OpEx −$17.2k −$3.85
NOI $51.7k $11.54
4,480 SF · lease $18.00/SF/yr · vacancy 14.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$738.7K
$646.4K – $861.8K (±1% cap)
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 (±1% cap)
NOI $66,886 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

360 Engineering Group, ... Structural Engineer

Suggested Use

Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Veterinary Clinic Daycare Center (Bike/Boat/Book/etc) Store Nursing Home (Bike/Boat/Book/etc) Store Pet Store Pet Grooming Service

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

FAQs

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.
Contact an agent
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