Self-Storage Garage Unit
For Sale
$126,000
16571 S Broadway Street W C10, Glenpool, OK 74033
Independently accessible storage/garage space offered for sale on S Broadway Street W in Glenpool.
Property Size900 SF
Price / SF$140
Days on Market133
Property Features for 16571 S Broadway Street W C10
General Information
Standard status
Active
Size
900 SF
Zoning
CG
Amenities
DeliveryDoor
Other
Natural Gas, Electric, Other
Other, Storage
Electric, Full
Lighting, Other
Building Details
Building Size
900 SF
Year Built
2023
Listing Agency:
Keller Williams Realty Preferred
(918) 298-6900
Listed By:
Brian Frere · License #139098
(918) 298-6900
Source:
Evrealestate
Added: Mar 30
Changed: Aug 8
Last Checked: Aug 8 at 5:44AM
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 Realty Preferred
Investment Insights
Based on property information with market context.
Unit C10 is a self-storage garage-style space with approximately 900 (as provided) for storage and workspace use. It is offered as part of a commercial storage property along S Broadway Street W.
The property is located in Tulsa County in Glenpool, Oklahoma. Directions are provided via Hwy 75: take East on 166th, with Mammoth Luxury Garage Condos on the north side of the road, across the street from Mark Allen Chevrolet.
For buyers looking for a dedicated storage garage unit, C10 offers a straightforward option within a larger storage condo setting. The unit’s garage configuration supports vehicle and personal or business storage needs, while the provided access directions make it easy to locate for tours and due diligence.
The property is located in Tulsa County in Glenpool, Oklahoma. Directions are provided via Hwy 75: take East on 166th, with Mammoth Luxury Garage Condos on the north side of the road, across the street from Mark Allen Chevrolet.
For buyers looking for a dedicated storage garage unit, C10 offers a straightforward option within a larger storage condo setting. The unit’s garage configuration supports vehicle and personal or business storage needs, while the provided access directions make it easy to locate for tours and due diligence.
Key Highlights
- Newly built in 2023: independently accessible storage/garage condo space
- Located on S Broadway Street W in Glenpool, Tulsa County
- Heating includes natural gas, electric, and other options
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
$7,734
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
6.14%
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%
$154,680
$154.7K
Cap Rate 7%
$110,486
$110.5K
Cap Rate 9%
$85,933
$85.9K
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
$11.9K $13.20/SF
− Vacancy
−$832 −$0.92/SF
EGI
$11.0K $12.28/SF
− OpEx
−$3.3K −$3.68/SF
NOI
$7.7K $8.59/SF
Area
Tulsa County, OK
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$154,680
Cap Rate 7%
$110,486
Cap Rate 9%
$85,933
Alternative Uses
Best Use
Self Storage
$110.5K
$96.7K – $128.9K
NOI $7,734 @ 7.0% cap · market cap 6.14%
Second Best
Warehouse
$83.1K
$72.7K – $97.0K
NOI $5,818 @ 7.0% cap · market cap 4.62%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Self storage facility - Independently accessible storage/garage space offered for sale on S Broadway Street W in Glenpool.
Where is this self storage facility 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: Newly built in 2023: independently accessible storage/garage condo space; Located on S Broadway Street W in Glenpool, Tulsa County; Heating includes natural gas, electric, and other options
