Five-Story Office Tower For
For Sale
Contact for pricing
201 S Denver Ave, Tulsa, OK
Exceptional office tower featuring attractive, assumable, long-term, fixed-rate financing.
Property Size54,473 SF
Lot Size0.29 Acres
Price / SF$182.66
Days on Market275
Property Features for 201 S Denver Ave
General Information
Standard status
Active
Size
54,473 SF
Lot size
0.29 Acres
Property subtype
OFFICE
Listing Agency:
Baker First Commercial Real Estate Services Inc.
(405) 818-2800
Listed By:
Rod Baker · License #067695
(405) 818-2800
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 25 at 2:17PM
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 Baker First Commercial Real Estate Services Inc.
Investment Insights
Based on property information with market context.
This is an exceptional five-story office tower constructed in 2012. The gross building area is 54,473 square feet, situated on a 12,763 square foot lot. It features attractive, assumable, long-term, fixed-rate financing.
Key Highlights
- Attractive, assumable, long term, fixed‑rate financing
- Exceptional 5‑story Office Tower
- Gross Building Area 54,473 sf
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
$628,755
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
6.32%
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%
$12,575,100
$12.6M
Cap Rate 7%
$8,982,214
$9.0M
Cap Rate 9%
$6,986,167
$7.0M
Market Conditions
NOI Build-Up for 54,473 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
$980.5K $18.00/SF
− Vacancy
−$142.2K −$2.61/SF
EGI
$838.3K $15.39/SF
− OpEx
−$209.6K −$3.85/SF
NOI
$628.8K $11.54/SF
Area
Tulsa, OK
Vacancy
14.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$12,575,100
Cap Rate 7%
$8,982,214
Cap Rate 9%
$6,986,167
Alternative Uses
Best Use
Office B
$8.98M
$7.86M – $10.48M
NOI $628,755 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.62M
$10.17M – $13.55M
NOI $813,278 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,375
Businesses Nearby
Explore this area
Business Placement
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 - Exceptional office tower featuring attractive, assumable, long-term, fixed-rate financing.
Where is this office building located?
The property is located at 201 S Denver Ave Tulsa, OK.
What is the asking price?
The asking price for this property is $9,950,000.
What are key features of this property?
This property features: Attractive, assumable, long term, fixed‑rate financing; Exceptional 5‑story Office Tower; Gross Building Area 54,473 sf
