Building Details

Building Size 900 SF

Year Built 2023

Listing Agency: Keller Williams Preferred a***@kw.com Show Phone

Listed By: Brian Frere · License #139098 Show Phone

Source: Grayrealestateok

Added: Mar 30 Changed: Oct 28 Last Checked: Oct 26 at 4:57PM

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,818

Cap Rate

4.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$116,360 $116.4K

Cap Rate 7%

$83,114 $83.1K

Cap Rate 9%

$64,644 $64.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 900 SF

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 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 (±1% cap)

NOI $5,818 @ 7.0% cap · market cap 4.62%

Second Best

Flex RnD

$81.2K

$71.0K – $94.7K (±1% cap)

NOI $5,681 @ 7.0% cap · market cap 4.51%

Theoretical Best

Office A

$202.8K

$177.5K – $236.6K (±1% cap)

NOI $14,198 @ 7.0% cap · market cap 11.27%

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

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Spa & Massage Center Kitchen & Bath Showroom Grocery & Convenience Store

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

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

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.