Downtown Sapulpa Turnkey Office
For Sale
Contact for pricing
201 E Hobson Ave, Sapulpa, OK
Remodeled office building for sale in downtown Sapulpa.
Property Size3,840 SF
Lot Size0.35 Acres
Price / SF$207.03
Days on Market512
Property Features for 201 E Hobson Ave
General Information
Standard status
Active
Size
3,840 SF
Lot size
0.35 Acres
Property subtype
OFFICE
Listing Agency:
Wiggin Properties - Tulsa
(918) 935-2010
Listed By:
Vicki Patterson, CCIM · License #171566
(918) 519-6731
Source:
Moodyscre
Added: May 23, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:19AM
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 Wiggin Properties - Tulsa
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Investment Insights
Based on property information with market context.
This turnkey office space is available for sale in Downtown Sapulpa. Originally constructed in 1905, the 3,840-square-foot building was completely remodeled and updated in 2017. Updates include a new roof, windows, HVAC, electrical, plumbing, and CAT6 wiring. The property is currently owner-occupied, and the tenant is open to vacating or remaining through the current lease. Hobson Ave is undergoing expansion, with a new brewery, retail spaces, and a hotel planned for completion by the end of 2024.
Key Highlights
- Turnkey, completely remodeled office space in Downtown Sapulpa.
- Significant updates in 2017: new roof, windows, HVAC, electrical, plumbing, and CAT6.
- Located on Hobson Ave, which is undergoing expansion with a new Brewery, Retail and Hotel scheduled for completion by the end of 2024.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,871
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,420
$1.1M
Cap Rate 7%
$783,871
$783.9K
Cap Rate 9%
$609,678
$609.7K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$81.6K $21.24/SF
− Vacancy
−$8.4K −$2.19/SF
EGI
$73.2K $19.05/SF
− OpEx
−$18.3K −$4.76/SF
NOI
$54.9K $14.29/SF
Area
Creek County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,420
Cap Rate 7%
$783,871
Cap Rate 9%
$609,678
Alternative Uses
Best Use
Office B
$783.9K
$685.9K – $914.5K
NOI $54,871 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$944.3K
$826.3K – $1.10M
NOI $66,101 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
666
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Remodeled office building for sale in downtown Sapulpa.
Where is this office units located?
The property is located at 201 E Hobson Ave Sapulpa, OK.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Turnkey, completely remodeled office space in Downtown Sapulpa.; Significant updates in 2017: new roof, windows, HVAC, electrical, plumbing, and CAT6.; Located on Hobson Ave, which is undergoing expansion with a new Brewery, Retail and Hotel scheduled for completion by the end of 2024.
