Freestanding Office
New
For Sale
Contact for pricing
1843 East 15th Street, Tulsa, OK 74104
Renovations are underway, with on-site parking and access to established medical, finance, wellness, retail, and restaurant users.
Property Size3,072 SF
Price / SF$292.97
Days on Market7
Property Features for 1843 East 15th Street
General Information
Standard status
Active
Size
3,072 SF
Class
A
Property subtype
Office
Zoning
OL
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2026
Buildings
1
Stories
2
Units
1
Listing Agency:
McGraw Commercial Properties
(918) 724-8955
Listed By:
AC Cherry · License #209551
Source:
Crexi
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 5 at 6:11AM
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 McGraw Commercial Properties
Investment Insights
Based on property information with market context.
This freestanding office building is undergoing renovations and contains approximately 2,530 SF on the main level plus an additional approximately 542 SF basement, totaling 3,072 SF. On-site parking supports the property’s office configuration, while OL zoning provides the stated land-use designation.
The building is located at 1843 East 15th Street in Tulsa, within Midtown Tulsa proper and near the Cherry Street corridor. The surrounding area includes established medical, finance, wellness, retail, and restaurant users. Utica Square, Hillcrest Medical Center, and Ascension St. John Medical Center are nearby, with access to the Broken Arrow Expressway, Downtown Tulsa, and the greater metro.
The building is located at 1843 East 15th Street in Tulsa, within Midtown Tulsa proper and near the Cherry Street corridor. The surrounding area includes established medical, finance, wellness, retail, and restaurant users. Utica Square, Hillcrest Medical Center, and Ascension St. John Medical Center are nearby, with access to the Broken Arrow Expressway, Downtown Tulsa, and the greater metro.
Key Highlights
- Approximately 2,530 SF main level plus approximately 542 SF basement
- 3,072 SF total property size
- Freestanding office building undergoing renovations
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.3k | $18.00 |
| − Vacancy | −$8.0k | −$2.61 |
| EGI | $47.3k | $15.39 |
| − OpEx | −$11.8k | −$3.85 |
| NOI | $35.5k | $11.54 |
3,072 SF · lease $18.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$506.6K
$443.2K – $591.0K
NOI $35,459 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$655.2K
$573.3K – $764.4K
NOI $45,865 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,646
Businesses Nearby
Explore this area
Business Placement
Demographics for 74104, OK
12,395
Population
6,367
Households
1.9
Avg Household Size
31
Median Age
46%
College-Educated
90%
High-School Grad
2.7 sq mi
ZIP Area
4,591
Density / Sq Mi
$51,886
Median Household Income
$30,951
Median Earnings
$1,109
Median Rent
$224,500
Median Home Value
Market
Vacancy Rate% for Office in Tulsa, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovations are underway, with on-site parking and access to established medical, finance, wellness, retail, and restaurant users.
Where is this office building located?
The property is located at 1843 East 15th Street Tulsa, OK.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Approximately 2,530 SF main level plus approximately 542 SF basement; 3,072 SF total property size; Freestanding office building undergoing renovations
