1628 S Cincinnati, Tulsa, OK 74119

Building Details

Building Size 1,671 SF More

Year Built 1915 More

Stories 2 More

Listing Agency: Coldwell Banker Select

Listed By: David Roberts · License OK #143180 Show Phone

Source: Cbcworldwide

Added: Aug 8 Changed: Nov 2 Last Checked: Nov 12 at 4:10AM

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Investment Insights

Based on property information with market context.

This 1,670 SF office building combines updated systems with preserved historic details. The layout includes three private offices, a conference room, reception area, full kitchen, full bathroom, and basement storage. A recent roof replacement adds to the property’s improvements, while original hardwood floors remain in place. Built in 1915, the building is configured for professional office use and carries CH zoning.

The property is located at 1628 S Cincinnati in Tulsa’s 18th & Boston District, with proximity to Downtown Tulsa, the Tulsa County Courthouse, Cherry Street, and Utica Square. A private off-street parking lot serves the building and its visitors.

Key Highlights

• 1,670 SF office building on a 1915 structure
• Three private offices plus conference and reception areas
• Full kitchen, full bathroom, and basement storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,276

Cap Rate

5.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$385,520 $385.5K

Cap Rate 7%

$275,371 $275.4K

Cap Rate 9%

$214,178 $214.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,670 SF

Gross rent

$30.1K $18.00/SF

− Vacancy

−$4.4K −$2.61/SF

EGI

$25.7K $15.39/SF

− OpEx

−$6.4K −$3.85/SF

NOI

$19.3K $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%

$385,520

Cap Rate 7%

$275,371

Cap Rate 9%

$214,178

Alternative Uses

Best Use

Office B

$275.4K

$241.0K – $321.3K (±1% cap)

NOI $19,276 @ 7.0% cap · market cap 5.75%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$356.2K

$311.7K – $415.6K (±1% cap)

NOI $24,933 @ 7.0% cap · market cap 7.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Edward Jones - Financial ... Financial Advisor

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Veterinary Clinic Carpet & Flooring Store Locksmith Tanning Salon

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

Location Intelligence

Trade Area within ½ mile

1,416

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

Market

Average Price Trend$/SF for Office buildings in Tulsa, OK

$149 Jul

$158 Aug

$156 Sep

$160 Oct

Properties on Market for Office buildings in Tulsa

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Tulsa, OK

10.4% 2019

11.7% 2020

12.1% 2021

11.9% 2022

10.4% 2023

9.2% 2024

10.6% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Professional office with private rooms, conference space, kitchen, basement storage, and an off-street parking lot.

Where is this office building located?

The property is located at 1628 S Cincinnati Tulsa, OK.

What is the asking price?

The asking price for this property is $335,000.

What are key features of this property?

This property features: 1,670 SF office building on a 1915 structure; Three private offices plus conference and reception areas; Full kitchen, full bathroom, and basement storage