Executive Office
14500 E 88th Place North, Owasso, OK 74055
For Sale
Contact for pricing
Five private offices are complemented by a conference room, kitchen area, and dedicated file storage.
Property Size2,000 SF
Price / SF$247.50
Days on Market36
Property Features for 14500 E 88th Place North
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Frisbie Lombardi
Listed By:
Tony Lombardi · License #OK 073861
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 3:48PM
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 Frisbie Lombardi
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Investment Insights
Based on property information with market context.
This approximately 2,000-square-foot office building in Owasso contains five private offices, a conference room, two file rooms, and a large bathroom. The kitchen area includes a refrigerator and ice maker, while usable attic space houses IT hubs. Three stone fireplaces, wood-beam ceilings, custom solid-core doors, and Pella windows add to the interior features. The building also has a central fire and security system and soundproof walls throughout.
The property is at 14500 E 88th Place North, just north of 86th Street North and 145th East Avenue. Its office layout combines private work areas with conference, storage, kitchen, and technology space.
The property is at 14500 E 88th Place North, just north of 86th Street North and 145th East Avenue. Its office layout combines private work areas with conference, storage, kitchen, and technology space.
Key Highlights
- Approximately 2,000 SF office building
- Five executive offices and a large conference room
- Two file rooms, a kitchen area, and usable attic space with IT hubs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,654
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,080
$493.1K
Cap Rate 7%
$352,200
$352.2K
Cap Rate 9%
$273,933
$273.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$37.4K $18.72/SF
− Vacancy
−$4.6K −$2.28/SF
EGI
$32.9K $16.44/SF
− OpEx
−$8.2K −$4.11/SF
NOI
$24.7K $12.33/SF
Area
Tulsa County, OK
Vacancy
12.20%
Lease Rate
$18.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,080
Cap Rate 7%
$352,200
Cap Rate 9%
$273,933
Alternative Uses
Best Use
Office B
$352.2K
$308.2K – $410.9K
NOI $24,654 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.7K
$394.4K – $525.9K
NOI $31,552 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
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Business Placement
Demographics for 74055, OK
48,776
Population
19,539
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
958
Density / Sq Mi
$86,897
Median Household Income
$46,956
Median Earnings
$1,218
Median Rent
$261,400
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Tulsa County, OK
Properties on Market for Office buildings in Tulsa County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Five private offices are complemented by a conference room, kitchen area, and dedicated file storage.
Where is this office building located?
The property is located at 14500 E 88th Place North Owasso, OK.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Approximately 2,000 SF office building; Five executive offices and a large conference room; Two file rooms, a kitchen area, and usable attic space with IT hubs
