Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    640 W 41St St Tulsa, OK 74107

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $0.70 SF/Yr

    Industrial outdoor storage land for lease, ideal for various businesses.

    Lot size:
    76.00 Acres

    Property Features for 640 W 41St St

    General Information

    Lot size
    76.00 Acres

    Building Details

    Year built
    1977

    We can help!

    Listing Contact
    Josh Love
    Josh Love
    Source: Tcnworldwide

    Listing Agency: Price Edwards & Company - Tulsa Listing Agent: Josh Love

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

    Learn more

    Overview

    Industrial Outdoor Storage Land Available

    This industrial outdoor storage property offers a functional yard space suitable for contractors, trucking, and construction users. The site is fully fenced and paved, with lighting provided. It features shared ingress and egress with an adjacent leased yard. The property is zoned Industrial Medium (IM) and comprises approximately 76,230 square feet, equivalent to about 1.75 acres. It is well-positioned with excellent highway access.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.999315
    Latitude
    36.103533

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      OK, Tulsa - 6100 South Yale

      Workspaces, services and support to help you work better in OK, Tulsa - 6100 South Yale
      6100 Tulsa, Tulsa, OK 74136
      View Details
    • New
      Contact for pricing

      OK, Tulsa - Sheridan Road

      Discover many ways to work your way in OK, Tulsa - Sheridan Road
      6666 Sheridan Rd, Tulsa, OK 74133
      View Details
    • New
      Contact for pricing

      OK, Tulsa - S Boston

      Discover many ways to work your way in OK, Tulsa - S Boston
      624 Boston Ave 1&, Tulsa, OK 74119
      View Details
    • New
      Contact for pricing

      Kennedy Building

      Discover many ways to work your way in Kennedy Building
      321 Boston Ave, Tulsa, OK 74103
      View Details
    • New
      Contact for pricing

      Executive Tower

      Discover many ways to work your way in Executive Tower
      7136 Yale Ave, Tulsa, OK 74136
      View Details
    • New
      Contact for pricing

      Memorial Place

      Discover many ways to work your way in Memorial Place
      7633 63Rd Pl, Tulsa, OK 74133
      View Details
    • $9 SF/Yr

      Remodeled Flex Property with Fenced Yards

      Single-tenant flex property with office, showroom, and warehouse space.
      9901 E 46Th Pl, Tulsa, OK 74146
      View Details
    • $13 SF/Yr

      Downtown Office Space for Lease

      Full floor office suite in Tulsa's Deco District.
      20 East 5Th St, Tulsa, OK 74103
      View Details
    • $14 SF/Yr

      Furnished Office Suite in Deco

      Plug & Play office suite in historic Thompson Building.
      20 E 5Th St, Tulsa, OK 74103
      View Details
    • $6 SF/Yr
      464,774 SF

      Eastgate Metroplex Office Space Available

      Former mall redeveloped into mixed-use complex with ample parking.
      14002 East 21St St, Tulsa, OK 74134
      View Details
    • $22 SF/Yr
      45,403 SF

      Historic Tulsa Office Sublease

      Plug & Play office space in the Tulsa Historic District.
      600 East 4Th St, Tulsa, OK 74120
      View Details
    • $14 SF/Yr
      17,805 SF

      Tulsa Suburban Office Park

      Class B office park with easy highway access.
      4500 South 129Th East Ave, Tulsa, OK 74134
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial outdoor storage land for lease, ideal for various businesses.
    Where is this industrial land located?
    The property is located at 640 W 41St St Tulsa, OK.
    What is the lease rate?
    The lease rate is $0.70 SF/Yr.
    What are key features of this property?
    This property features: - Rare availability of Industrial Outdoor Storage (IOS) in the current market.; - Fully fenced and paved yard providing secure and functional space.; - Excellent highway access for convenient transportation.
    (918) 978-2428
    Request Owner's contact information
    640 W 41St St Tulsa, OK 74107
    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.
    640 W 41St St
    Tulsa, OK 74107
    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
    640 W 41St St Tulsa, OK 74107
    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
    Josh Love
    Josh Love
    Real Estate License ID: #182900
    (918) 978-2428 (918) 394-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!