Insulated Flex Garage
For Sale
$126,000
16571 S Broadway Street W #C10, Glenpool, OK 74033
Versatile ownership unit with secure access, dedicated utilities, and room for storage, hobbies, or business operations.
Property Size900 SF
Price / SF$140
Days on Market144
Property Features for 16571 S Broadway Street W #C10
General Information
Standard status
Active
Size
900 SF
Class
Class A
Property subtype
Commercial
Zoning
CG
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
1
Amenities
gated access
fenced access
24/7 security monitoring
Building Details
Building Size
900 SF
Year Built
2023
Listing Agency:
Keller Williams Preferred
(918) 298-6900
Listed By:
Brian Frere · License #139098
(918) 298-6900
Source:
Eufaulaproperties
Added: Mar 30
Changed: Aug 14
Last Checked: Aug 20 at 2:06PM
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 Keller Williams Preferred
Investment Insights
Based on property information with market context.
Built in 2023, this 900-square-foot flex space measures 25 feet wide by 36 feet deep and includes a 16-foot overhead door, pedestrian entry, insulation, LED lighting, and separately metered electric service. Water and sewer connections are provided, along with dedicated RV outlets and access to internet and cable. The unit can accommodate storage, hobby areas, or business activity, with customization options including mezzanines, HVAC, epoxy flooring, and built-in cabinetry.
The property is positioned just off Hwy 75 in a gated, fenced development with 24/7 security monitoring. Drive aisles measure approximately 68 feet or more, supporting maneuverability for larger recreational or commercial equipment. Tulsa Hills is approximately 10 minutes away, South Tulsa is 15 minutes away, and downtown Tulsa is 20 minutes away. The property is zoned CG.
The property is positioned just off Hwy 75 in a gated, fenced development with 24/7 security monitoring. Drive aisles measure approximately 68 feet or more, supporting maneuverability for larger recreational or commercial equipment. Tulsa Hills is approximately 10 minutes away, South Tulsa is 15 minutes away, and downtown Tulsa is 20 minutes away. The property is zoned CG.
Key Highlights
- 900 sq ft unit measuring 25' wide by 36' deep
- 16' overhead door plus a separate pedestrian entrance
- Separately metered electric, dedicated RV outlets, LED lighting, and water/sewer connections
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
$5,818
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
4.62%
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%
$116,360
$116.4K
Cap Rate 7%
$83,114
$83.1K
Cap Rate 9%
$64,644
$64.6K
Market Conditions
NOI Build-Up for 900 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
$7.0K $7.80/SF
− Vacancy
−$176 −$0.20/SF
EGI
$6.8K $7.60/SF
− OpEx
−$1.0K −$1.14/SF
NOI
$5.8K $6.46/SF
Area
Tulsa County, OK
Vacancy
2.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$116,360
Cap Rate 7%
$83,114
Cap Rate 9%
$64,644
Alternative Uses
Best Use
Warehouse
$83.1K
$72.7K – $97.0K
NOI $5,818 @ 7.0% cap · market cap 4.62%
Second Best
Flex RnD
$81.2K
$71.0K – $94.7K
NOI $5,681 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$202.8K
$177.5K – $236.6K
NOI $14,198 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile ownership unit with secure access, dedicated utilities, and room for storage, hobbies, or business operations.
Where is this flex space located?
The property is located at 16571 S Broadway Street W #C10 Glenpool, OK.
What is the asking price?
The asking price for this property is $126,000.
What are key features of this property?
This property features: 900 sq ft unit measuring 25' wide by 36' deep; 16' overhead door plus a separate pedestrian entrance; Separately metered electric, dedicated RV outlets, LED lighting, and water/sewer connections
