Building Details

Year Built 1990

Listing Agency: RE/MAX Results

Listed By: Sarah Tucker · License #174916 Show Phone

Source: Theashleygroupok

Added: Aug 10 Changed: Sep 10 Last Checked: Oct 5 at 10:41PM

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Investment Insights

Based on property information with market context.

This flex-space property contains 3,750 square feet with a combination of shop and office areas. The configuration supports commercial operations requiring both functional workspace and administrative space within one building. Constructed in 1990, the property offers an established commercial improvement rather than a vacant site.

Located at 603 W Rogers Boulevard in Skiatook, Oklahoma, the property sits directly on Hwy 20. Its highway position provides visibility and direct access for businesses seeking a location along an established transportation route. The property is offered for sale and may accommodate a range of commercial uses suited to its shop-and-office layout.

Key Highlights

• 3,750‑square‑foot flex‑space property
• Combination of shop and office areas
• Directly positioned on Hwy 20

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,671

Cap Rate

4.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$473,420 $473.4K

Cap Rate 7%

$338,157 $338.2K

Cap Rate 9%

$263,011 $263.0K

Market Conditions

NOI Build-Up for 3,750 SF

Gross rent

$37.4K $9.96/SF

− Vacancy

−$934 −$0.25/SF

EGI

$36.4K $9.71/SF

− OpEx

−$12.7K −$3.40/SF

NOI

$23.7K $6.31/SF

Area

Tulsa County, OK

Vacancy

2.50%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$473,420

Cap Rate 7%

$338,157

Cap Rate 9%

$263,011

Alternative Uses

Best Use

Flex RnD

$338.2K

$295.9K – $394.5K (±1% cap)

NOI $23,671 @ 7.0% cap · market cap 4.74%

Second Best

Industrial

$285.2K

$249.5K – $332.7K (±1% cap)

NOI $19,963 @ 7.0% cap · market cap 4.00%

Theoretical Best

Office A

$845.1K

$739.5K – $986.0K (±1% cap)

NOI $59,160 @ 7.0% cap · market cap 11.86%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Highway Man Signs (Bike/Boat/Book/etc) Store Uptown Tanning Tanning Salon

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Law Firm Skin Care Clinic Locksmith Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

241

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 74070, OK

15,407

Population

6,179

Households

2.5

Avg Household Size

40

Median Age

22%

College-Educated

90%

High-School Grad

195.9 sq mi

ZIP Area

79

Density / Sq Mi

$63,777

Median Household Income

$39,518

Median Earnings

$951

Median Rent

$208,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial property with dedicated work and office areas along a major highway corridor.

Where is this flex space located?

The property is located at 603 W Rogers Boulevard Skiatook, OK.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: 3,750‑square‑foot flex‑space property; Combination of shop and office areas; Directly positioned on Hwy 20