Class A Flex Garage
New
For Sale
$300,000
16571 S Broadway Street W C18, Glenpool, OK 74033
Insulated flex space with dedicated utilities, security monitoring, and adaptable interior options for storage or business use.
Property Size2,400 SF
Price / SF$125
Days on Market6
Property Features for 16571 S Broadway Street W C18
General Information
Standard status
Active
Size
2,400 SF
Class
Class A
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
1
Amenities
24/7 security monitoring
Building Details
Year Built
2023
Listing Agency:
Keller Williams Preferred
(918) 298-6900
Listed By:
Brian Frere · License #139098
Source:
Accentrealtors
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 8 at 8:05AM
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.
This 2,400-square-foot Class A flex unit offers a versatile enclosed environment for vehicle storage, equipment, hobby activities, or business operations. The 25-foot-wide by 96-foot-deep layout includes a 16-foot overhead door, pedestrian entry, LED lighting, dedicated RV outlets, water and sewer connections, and separately metered electric service. Internet and cable access are also available. Optional improvements include mezzanines, HVAC, epoxy flooring, and built-in cabinetry, allowing the interior to be configured for specific operational or storage needs.
The property is located just off Hwy 75 in a gated, fenced development with 24/7 security monitoring. Approximately 68-foot-plus drive aisles provide maneuvering space around the garage condos. Stated drive times are 10 minutes to Tulsa Hills, 15 minutes to South Tulsa, and 20 minutes to downtown Tulsa. Built in 2023, the unit combines dedicated infrastructure with a flexible commercial format.
The property is located just off Hwy 75 in a gated, fenced development with 24/7 security monitoring. Approximately 68-foot-plus drive aisles provide maneuvering space around the garage condos. Stated drive times are 10 minutes to Tulsa Hills, 15 minutes to South Tulsa, and 20 minutes to downtown Tulsa. Built in 2023, the unit combines dedicated infrastructure with a flexible commercial format.
Key Highlights
- 2,400 sq ft flex unit built in 2023
- 25' wide by 96' deep configuration
- 16' overhead door with pedestrian entry
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
$15,514
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
5.17%
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%
$310,280
$310.3K
Cap Rate 7%
$221,629
$221.6K
Cap Rate 9%
$172,378
$172.4K
Market Conditions
NOI Build-Up for 2,400 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
$18.7K $7.80/SF
− Vacancy
−$468 −$0.20/SF
EGI
$18.3K $7.60/SF
− OpEx
−$2.7K −$1.14/SF
NOI
$15.5K $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%
$310,280
Cap Rate 7%
$221,629
Cap Rate 9%
$172,378
Alternative Uses
Best Use
Warehouse
$221.6K
$193.9K – $258.6K
NOI $15,514 @ 7.0% cap · market cap 5.17%
Second Best
Flex RnD
$216.4K
$189.4K – $252.5K
NOI $15,149 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$540.9K
$473.3K – $631.1K
NOI $37,863 @ 7.0% cap · market cap 12.62%
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 - Insulated flex space with dedicated utilities, security monitoring, and adaptable interior options for storage or business use.
Where is this flex space located?
The property is located at 16571 S Broadway Street W C18 Glenpool, OK.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,400 sq ft flex unit built in 2023; 25' wide by 96' deep configuration; 16' overhead door with pedestrian entry
