Insulated Garage Condo with Overhead
For Sale
$187,500
16571 S Broadway Street W C1, Glenpool, OK 74033
Fully insulated garage condo includes a 16’ overhead door and separately metered electric service.
Property Size1,500 SF
Price / SF$125
Days on Market45
Property Features for 16571 S Broadway Street W C1
General Information
Standard status
Active
Size
1,500 SF
Building Details
Year Built
2023
Listing Agency:
Keller Williams Preferred
Listed By:
Brian Frere · License #139098
(918) 298-6900
Source:
Accentrealtors
Added: Jul 20
Changed: Aug 28
Last Checked: Sep 1 at 10:20PM
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 Keller Williams Preferred
Investment Insights
Based on property information with market context.
Mammoth Luxury Garage Condos offers Class A garage condo space combining premium storage and flex capabilities. This 1,500 sq ft unit is 25’ wide and 60’ deep and features a 16’ overhead door, fully insulated construction, and separately metered electric service. The unit also includes dedicated RV outlets, LED lighting, and a pedestrian door, along with water/sewer connections, internet and cable access.
The development is located just off Hwy 75 at 16571 S Broadway Street W C1, Glenpool, OK 74033. Access is gated and fenced with 24/7 security monitoring, and wide drive aisles (approx. 68’) are provided for maneuverability.
Additional buyer customization options referenced for the property include potential mezzanines, HVAC systems, epoxy flooring, and built-in cabinetry.
The development is located just off Hwy 75 at 16571 S Broadway Street W C1, Glenpool, OK 74033. Access is gated and fenced with 24/7 security monitoring, and wide drive aisles (approx. 68’) are provided for maneuverability.
Additional buyer customization options referenced for the property include potential mezzanines, HVAC systems, epoxy flooring, and built-in cabinetry.
Key Highlights
- 2023‑built luxury garage condo, fully insulated, with separately metered electric service
- 1,500 SF unit measuring 25' wide and 60' deep with a 16' overhead door
- Includes dedicated RV outlets, LED lighting, and water/sewer connections plus internet and cable access
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
$12,890
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
6.87%
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%
$257,800
$257.8K
Cap Rate 7%
$184,143
$184.1K
Cap Rate 9%
$143,222
$143.2K
Market Conditions
NOI Build-Up for 1,500 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
$19.8K $13.20/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$18.4K $12.28/SF
− OpEx
−$5.5K −$3.68/SF
NOI
$12.9K $8.59/SF
Area
Tulsa County, OK
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$257,800
Cap Rate 7%
$184,143
Cap Rate 9%
$143,222
Alternative Uses
Best Use
Self Storage
$184.1K
$161.1K – $214.8K
NOI $12,890 @ 7.0% cap · market cap 6.87%
Second Best
Warehouse
$138.5K
$121.2K – $161.6K
NOI $9,696 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$338.1K
$295.8K – $394.4K
NOI $23,664 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 74033, OK
13,254
Population
4,868
Households
2.7
Avg Household Size
34
Median Age
25%
College-Educated
91%
High-School Grad
12.3 sq mi
ZIP Area
1,078
Density / Sq Mi
$77,306
Median Household Income
$43,382
Median Earnings
$1,292
Median Rent
$194,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Fully insulated garage condo includes a 16’ overhead door and separately metered electric service.
Where is this self storage facility located?
The property is located at 16571 S Broadway Street W C1 Glenpool, OK.
What is the asking price?
The asking price for this property is $187,500.
What are key features of this property?
This property features: 2023‑built luxury garage condo, fully insulated, with separately metered electric service; 1,500 SF unit measuring 25' wide and 60' deep with a 16' overhead door; Includes dedicated RV outlets, LED lighting, and water/sewer connections plus internet and cable access
