Restored Historic Office
For Sale
$1,800,000
1306 South Denver Avenue, Tulsa, OK 74119
Restored 8,300 SF office building originally built as a mid-1920s apartment structure.
Property Size8,300 SF
Price / SF$216.87
Days on Market104
Property Features for 1306 South Denver Avenue
General Information
Standard status
Active
Size
8,300 SF
Property subtype
Office
Site & Location
Neighborhood
Riverview
Listing Agency:
CBRE | Tulsa
Listed By:
Leslie Kirkpatrick
(918) 557-2231
Source:
Cbre
Added: Jul 17
Changed: Oct 25
Last Checked: Oct 28 at 6:53AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,803
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,916,060
$1.9M
Cap Rate 7%
$1,368,614
$1.4M
Cap Rate 9%
$1,064,478
$1.1M
Market Conditions
NOI Build-Up for 8,300 SF
Gross rent
$149.4K $18.00/SF
− Vacancy
−$21.7K −$2.61/SF
EGI
$127.7K $15.39/SF
− OpEx
−$31.9K −$3.85/SF
NOI
$95.8K $11.54/SF
Area
Tulsa, OK
Vacancy
14.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,916,060
Cap Rate 7%
$1,368,614
Cap Rate 9%
$1,064,478
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,767
Businesses Nearby
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Business Placement
Demographics for 74119, OK
3,445
Population
3,229
Households
1.1
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
0.8 sq mi
ZIP Area
4,306
Density / Sq Mi
$56,520
Median Household Income
$48,192
Median Earnings
$1,161
Median Rent
$207,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tulsa, OK
Frequently Asked Questions
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
