Glenpool Commercial Property For
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13802 S Union Place, Glenpool, OK 74033
Commercial property in Glenpool, OK, with high traffic volume.
Property Size6,750 SF
Price / SF$133.19
Days on Market351
Property Features for 13802 S Union Place
General Information
Standard status
Active
Size
6,750 SF
Property subtype
Special Purpose
Zoning
IL
Building Details
Year Built
1982
Listing Agency:
Coldwell Banker Select Real Estate Tulsa
Listed By:
Roger McClure · License #OK
Source:
Crexi
Added: Aug 27, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:46AM
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 Coldwell Banker Select Real Estate Tulsa
Investment Insights
Based on property information with market context.
Located approximately 1/4 mile from Highway 75 and 141st Street in Glenpool, this commercial property fronts Highway 75 on the west side. The property experiences a current traffic volume of 48,260 vehicles per day, with projections indicating an increase to 75,820 vehicles per day by the year 2050. The property includes both on and off-street parking. The layout features a large waiting room, a bathroom, and two offices adjacent to the waiting room. Additionally, there is a large attached bay area characterized by very high ceilings and two large truck doors. The property has a size of 6,750 square feet.
Key Highlights
- High traffic location: 48,260 vehicles per day, projected to increase significantly.
- Highway frontage: Fronts Hwy 75 on the west side.
- Large attached bay area: Features very high ceilings and 2 large truck doors.
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
$68,749
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
7.65%
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%
$1,374,980
$1.4M
Cap Rate 7%
$982,129
$982.1K
Cap Rate 9%
$763,878
$763.9K
Market Conditions
NOI Build-Up for 6,750 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
$101.3K $15.00/SF
− Vacancy
−$3.0K −$0.45/SF
EGI
$98.2K $14.55/SF
− OpEx
−$29.5K −$4.36/SF
NOI
$68.7K $10.18/SF
Area
Tulsa County, OK
Vacancy
3.00%
Lease Rate
$15.00 /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%
$1,374,980
Cap Rate 7%
$982,129
Cap Rate 9%
$763,878
Alternative Uses
Best Use
Retail
$982.1K
$859.4K – $1.15M
NOI $68,749 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$513.3K
$449.2K – $598.9K
NOI $35,934 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,488 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
78k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 50%
QuikTrip
Shops & Services
32,508 visits/mo
0.4 miles
McDonald's
Dining
17,639 visits/mo
0.4 miles
SONIC Drive In
Dining
7,848 visits/mo
0.4 miles
Arby's
Dining
5,948 visits/mo
0.4 miles
Burger King
Dining
4,813 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property in Glenpool, OK, with high traffic volume.
Where is this auto shop located?
The property is located at 13802 S Union Place Glenpool, OK.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High traffic location: 48,260 vehicles per day, projected to increase significantly.; Highway frontage: Fronts Hwy 75 on the west side.; Large attached bay area: Features very high ceilings and 2 large truck doors.
