Class A Medical Office
For Sale
Contact for pricing
3311 E 46th St, Tulsa, OK 74135
Class A medical building with current 4,800 SF occupied space and 4,950 SF vacant shell available for tenant use.
Property Size9,750 SF
Price / SF$266.67
Days on Market691
Property Features for 3311 E 46th St
General Information
Standard status
Active
Size
9,750 SF
Class
A
Property subtype
OFFICE
Occupancy
49%
Additional Details
Sprinkler System
Yes
Listing Agency:
Equitas Realty Advisors LLC
(918) 695-4162
Listed By:
Monty Berry · License #83879
(918) 695-4162
Source:
Moodyscre
Added: Sep 10, 2024
Changed: Jul 27
Last Checked: Jul 31 at 1:01PM
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 Equitas Realty Advisors LLC
Investment Insights
Based on property information with market context.
Contemporary Class A medical office building located at 3311 E 46th St, Tulsa, OK 74135, designed in 2019 with decorative insulated metal panels and a buff brick exterior, along with interior steel framing. The property includes a fully sprinklered wet pipe system. The building totals 9,750 SF, with the current seller occupant occupying 4,800 SF and 4,950 SF of vacant shell space available for a new user or tenant.
For sale with an available NNN leaseback to the seller’s tenant, RWL Bariatric Management dba Roller Weight Loss + Advanced Surgery. The leaseback reflects 14 years remaining, with the lease expiring December 31, 2038, and rents averaging $33.90/SF (stated as $162,730 annual income). The seller’s tenant would vacate if needed for a full-building user with 120 days’ notice, and the seller would consider relocating the tenant to the vacant back shell space, with build-out costs borne by the buyer.
For sale with an available NNN leaseback to the seller’s tenant, RWL Bariatric Management dba Roller Weight Loss + Advanced Surgery. The leaseback reflects 14 years remaining, with the lease expiring December 31, 2038, and rents averaging $33.90/SF (stated as $162,730 annual income). The seller’s tenant would vacate if needed for a full-building user with 120 days’ notice, and the seller would consider relocating the tenant to the vacant back shell space, with build-out costs borne by the buyer.
Key Highlights
- 9,750 SF Class A midtown medical building with 4,800 SF occupied by seller tenant and 4,950 SF vacant shell space available
- 14‑year NNN leaseback with 9,750 SF building; remaining term expires December 31, 2038
- NNN lease rents averaging $33.90/SF or $162,730 annual income, with RWL Bariatric Management dba Roller Weight Loss + Advanced Surgery as tenant
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 | $175.5k | $18.00 |
| − Vacancy | −$25.4k | −$2.61 |
| EGI | $150.1k | $15.39 |
| − OpEx | −$37.5k | −$3.85 |
| NOI | $112.5k | $11.54 |
9,750 SF · lease $18.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.88M
NOI $112,539 @ 7.0% cap · market cap 4.33%
Second Best
Healthcare Medical
$1.57M
$1.37M – $1.83M
NOI $109,793 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,567 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
49.2%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74135, OK
20,173
Population
10,855
Households
1.9
Avg Household Size
40
Median Age
47%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
3,307
Density / Sq Mi
$60,942
Median Household Income
$43,835
Median Earnings
$900
Median Rent
$230,700
Median Home Value
Market
Vacancy Rate% for Office in Tulsa, OK
Questions? Ask Rey
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- Edgewood Veterinary Hospital: Hans Gann, DVM & Brad Howard, DVM — 3104 E 51st St #6308, Tulsa, OK 74105
Frequently Asked Questions
What type of property is this?
Medical Office Space - Class A medical building with current 4,800 SF occupied space and 4,950 SF vacant shell available for tenant use.
Where is this medical office space located?
The property is located at 3311 E 46th St Tulsa, OK.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 9,750 SF Class A midtown medical building with 4,800 SF occupied by seller tenant and 4,950 SF vacant shell space available; 14‑year NNN leaseback with 9,750 SF building; remaining term expires December 31, 2038; NNN lease rents averaging $33.90/SF or $162,730 annual income, with RWL Bariatric Management dba Roller Weight Loss + Advanced Surgery as tenant
