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    Prime Tulsa Commercial Space Available Title is generated by Realmo AI

    1207 S Lewis Avenue, Tulsa, OK 74104

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    COMMERCIAL - Tulsa, OK

    Type:Office
    Property size:
    18,830 SF
    Price / SF:
    $0.05/SF
    Added:
    May 14, 2026
    Days on Market:
    16
    Last Refresh:
    May 29 at 1:06 pm

    Property Features for 1207 S Lewis Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    CH
    Standard status
    Active
    APN
    04425-93-08-03610
    Size
    18,830 SF

    Taxes and HOA fees

    Tax Description
    Lts 10 & 11 Blk 3 Boswells addn

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Flooring type
    Carpet
    Building materials
    Brick

    We can help!

    Listing Contact
    Matt Thompson

    Listing agent Matt Thompson License #158641

    Listing office Chinowth & Cohen 3912 E 91st St, Tulsa, OK

    Listing date May 14, 2026

    MLS# 2617763

    Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location directly across from the Mother Road Market, benefiting from high foot traffic.
    • Adaptable, open layout suitable for various uses.
    • Excellent visibility from both Lewis Avenue and 12th Street at a signalized intersection.
    • Located in a dynamic and walkable corridor experiencing reinvestment and growth.
    • Well‑maintained brick commercial building with strong street presence and ample natural light.
    • Available August 1st for move‑in.

    Overview

    This commercial space is located in one of Tulsa's dynamic and walkable corridors, specifically at the signalized intersection of 12th Street and Lewis Avenue. The available suite is situated directly across from the Mother Road Market, benefiting from significant foot traffic. The space, formerly home to Willamina!, features an open, adaptable layout suitable for a wide range of uses including retail, restaurant/cafe, professional office, medical, personal services, or creative studio. The building is a well-maintained brick commercial structure with strong street presence, ample natural light, and excellent visibility from both Lewis Avenue and 12th Street. It is ideal for operators and businesses looking to capitalize on the energy surrounding the Mother Road Market district. The immediate area continues to see reinvestment and growth, making this an excellent opportunity to establish or expand in one of Tulsa's sought-after locations. The property size is 18830 Square Feet. It is zoned CH. Available August 1st for Move In.
    Property Profile Location Intelligence

    Current Use by Public Records

    Theory Recruitment Employment Agency JT PAINT & DESIGN ... Painting Service Rogue Recruitment Employment Agency Exceed Development Marketing & Advertising Orvis Sporting Goods Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.9579321
    Latitude
    36.1457272

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    FAQs

    What type of property is this?
    Office units - Adaptable space near Mother Road Market, ideal for diverse uses.
    Where is this office units located?
    The property is located at 1207 S Lewis Avenue Tulsa, OK.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location directly across from the Mother Road Market, benefiting from high foot traffic.; Adaptable, open layout suitable for various uses.; Excellent visibility from both Lewis Avenue and 12th Street at a signalized intersection.
    (918) 392-0900
    We can help!
    Listing Contact
    Matt Thompson
    Real Estate License ID: 158641
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    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
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