Restored Historic Office
1306 South Denver Avenue Tulsa, OK 74119
New
1306 South Denver Avenue, Tulsa, OK, 74119
$1,800,000
For Sale
$1,800,000
Restored 8,300 SF office building originally built as a mid-1920s apartment structure.
Property Size8,300 SF
Price / SF$216.87
Days on Market5
Property Features for 1306 South Denver Avenue
General Information
- Standard status
- Active
- Size
- 8,300 SF
- Property subtype
- Office
Listing agency
CBRE | Tulsa
(918) 557-2231
Listed by
Leslie Kirkpatrick
(918) 557-2231
Source
Cbre
Added: Jul 17 Updated: Jul 21 at 5:17PM Checked: Jul 21 at 5:17PM
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 CBRE | Tulsa
Investment Insights
Based on property information with market context.
The Pala-Dora office building is a restored historic property originally built as a mid-1920s apartment building. The building has been brought forward to accommodate modern office needs and offers 8,300 SF of office space.
Located just outside Tulsa’s CBD District, the property is positioned for close access to Downtown Tulsa and major transportation routes, supporting convenient day-to-day connectivity.
As a restored office building with a historic origin, this property provides a distinctive setting while remaining oriented toward office use.
Located just outside Tulsa’s CBD District, the property is positioned for close access to Downtown Tulsa and major transportation routes, supporting convenient day-to-day connectivity.
As a restored office building with a historic origin, this property provides a distinctive setting while remaining oriented toward office use.
Key Highlights
- Restored 8,300 SF office building originally built as a mid‑1920s apartment structure
- Converted to accommodate modern office needs after restoration
- Located just outside Tulsa’s CBD District
Local 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 | $149.4k | $18.00 |
| − Vacancy | −$21.7k | −$2.61 |
| EGI | $127.7k | $15.39 |
| − OpEx | −$31.9k | −$3.85 |
| NOI | $95.8k | $11.54 |
8,300 SF · lease $18.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,803 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,918 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Big Brothers Big ...
Charitable Organization
Leadline Marketing
Advertising Agency
Stealth
Advertising Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Restored 8,300 SF office building originally built as a mid-1920s apartment structure.
Where is this office building located?
The property is located at 1306 South Denver Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Restored 8,300 SF office building originally built as a mid‑1920s apartment structure; Converted to accommodate modern office needs after restoration; Located just outside Tulsa’s CBD District
