Class B Office Building with
1401 South Denver Avenue, Tulsa, OK 74119
For Sale
$1,900,000
Flexible office configuration supports either an owner-user or multiple occupants.
Property Size10,600 SF
Lot Size0.88 Acres
Price / SF$179.25
Days on Market93
Property Features for 1401 South Denver Avenue
General Information
Standard status
Size
Class
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Building Details
Year Built
Buildings
Stories
Building Size
Parking Ratio
Listing Agency:
CBRE | Tulsa
Listed By:
Dylan Seibert
(918) 392-7253
Source:
Cbre
Added: Aug 10
Changed: Nov 5
Last Checked: Nov 8 at 4:38AM
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 10,600± SF Class B office building occupies a 0.88± acre site and was constructed in 2003. Its one-story design includes a mezzanine, creating a practical arrangement for office operations with the flexibility to serve one occupant or several tenants.
The property is located at 1401 South Denver Avenue in Tulsa, with nearby access to the IDL. Parking is provided at a 3.2/1,000 SF ratio, supporting the building’s office configuration and range of occupancy options.
The property is located at 1401 South Denver Avenue in Tulsa, with nearby access to the IDL. Parking is provided at a 3.2/1,000 SF ratio, supporting the building’s office configuration and range of occupancy options.
Key Highlights
- 10,600± SF Class B office building
- 0.88± acre site
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,351
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,447,020
$2.4M
Cap Rate 7%
$1,747,871
$1.7M
Cap Rate 9%
$1,359,456
$1.4M
Market Conditions
NOI Build-Up for 10,600 SF
Gross rent
$190.8K $18.00/SF
− Vacancy
−$27.7K −$2.61/SF
EGI
$163.1K $15.39/SF
− OpEx
−$40.8K −$3.85/SF
NOI
$122.4K $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%
$2,447,020
Cap Rate 7%
$1,747,871
Cap Rate 9%
$1,359,456
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,351 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,257 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
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
$207,500
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Tulsa, OK
Properties on Market for Office buildings in Tulsa
Vacancy Rate% for Office in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Office building - Flexible office configuration supports either an owner-user or multiple occupants.
Where is this office building located?
The property is located at 1401 South Denver Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 10,600± SF Class B office building; 0.88± acre site; Built in 2003
