Freestanding Industrial
For Sale
$189,000
2318 Charles Page Blvd, Tulsa, OK 74127
Freestanding 2,400 SF warehouse with a drive-in overhead door, vacant condition, and deep lot for parking or outdoor storage.
Property Size2,400 SF
Price / SF$78.75
Days on Market174
Property Features for 2318 Charles Page Blvd
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Building Details
Building Size
2,400 SF
Year Built
1990
Listing Agency:
McGraw Commercial Properties
Listed By:
Todd Frankenfield · License #212124
(713) 560-0556
Source:
Mcgrawcp
Added: Mar 16
Changed: Sep 3
Last Checked: Sep 4 at 3:52AM
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 McGraw Commercial Properties
Investment Insights
Based on property information with market context.
This freestanding industrial building offers 2,400 SF of open warehouse space with a drive-in overhead door for straightforward loading. The layout is flexible for a range of warehouse and light industrial configurations, and the property is currently vacant and ready for immediate occupancy.
The building features high-visibility frontage along Charles Page Blvd, providing exposure for logistics, service, and distribution-related operations. The lot is described as deep, with room for parking and/or outdoor storage.
The property is listed as suitable for industrial zoning, offering an alternative size option in a tighter industrial market.
The building features high-visibility frontage along Charles Page Blvd, providing exposure for logistics, service, and distribution-related operations. The lot is described as deep, with room for parking and/or outdoor storage.
The property is listed as suitable for industrial zoning, offering an alternative size option in a tighter industrial market.
Key Highlights
- 2,400 SF freestanding industrial building with an open warehouse layout and flexible configuration
- Drive‑in overhead door for convenient loading/unloading
- High‑visibility frontage along Charles Page Blvd and deep lot with room for parking and/or outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$280,200
$280.2K
Cap Rate 7%
$200,143
$200.1K
Cap Rate 9%
$155,667
$155.7K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$17.0K $7.08/SF
− Vacancy
−$510 −$0.21/SF
EGI
$16.5K $6.87/SF
− OpEx
−$2.5K −$1.03/SF
NOI
$14.0K $5.84/SF
Area
Tulsa, OK
Vacancy
3.00%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$280,200
Cap Rate 7%
$200,143
Cap Rate 9%
$155,667
Alternative Uses
Best Use
Warehouse
$200.1K
$175.1K – $233.5K
NOI $14,010 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.9K
$447.9K – $597.2K
NOI $35,832 @ 7.0% cap · market cap 18.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74127, OK
15,669
Population
7,474
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
85%
High-School Grad
21.3 sq mi
ZIP Area
736
Density / Sq Mi
$47,287
Median Household Income
$29,981
Median Earnings
$955
Median Rent
$120,600
Median Home Value
Market
Vacancy Rate% for Industrial in Tulsa, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Charles Page Properties Warehouse — 3306 Charles Page Blvd, Tulsa, OK 74127
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding 2,400 SF warehouse with a drive-in overhead door, vacant condition, and deep lot for parking or outdoor storage.
Where is this warehouse located?
The property is located at 2318 Charles Page Blvd Tulsa, OK.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 2,400 SF freestanding industrial building with an open warehouse layout and flexible configuration; Drive‑in overhead door for convenient loading/unloading; High‑visibility frontage along Charles Page Blvd and deep lot with room for parking and/or outdoor storage
