Listing Agency: Baker First Commercial Real Estate Services Inc. Show Phone

Listed By: Rod Baker · License #067695 Show Phone

Source: Moodyscre

Added: Nov 24, 2025 Changed: Oct 8 Last Checked: Oct 12 at 8:04PM

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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 / Yr

$628,755

Cap Rate

6.32%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $813,278 @ 7.0% cap · market cap 8.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Northwestern Mutual Financial Advisor Kickers dance & saloon Nightclub One Property Management Property Management Company Arena Pub & Grill ... Restaurant Feemster Stephen Insurance Agency

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Pharmacy Electrical Service Veterinary Clinic Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,375

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Tulsa, OK

10.4% 2019

11.7% 2020

12.1% 2021

11.9% 2022

10.4% 2023

9.2% 2024

10.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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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