Fully Leased Office
2021 S Elm Pl, Broken Arrow, OK 74012
Office space for sale, conveniently located near major thoroughfares.
Type:Office
Property size:
11,040 SFPrice / SF:
$131/SF- Added:
- Nov 18, 2024
- Days on Market:
- 561
- Last Refresh:
- May 13 at 8:24 pm
Property Features for 2021 S Elm Pl
General Information
- Standard status
- Active
- Size
- 11,040 SF
- Property subtype
- Office
Listing agent Grant Lester License #207982
Listing office Samson Commercial Real Estate Services, LLC
Listing date Nov 18, 2024
Source Crexi
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 Samson Commercial Real Estate Services, LLC
HighLights
- Fully Leased office space providing immediate income.
- Substantial office space: ±11,040 sf total (±9,344 sf building and ±1,696 sf building).
- Convenient location between BA Expressway and Creek Turnpike.
- Includes 7 office suites with varied sizes (±428 sf to ±2,813 sf).
- Proximity to New Orleans Square retail center (less than a mile).
- Includes an additional ±2,253 sf house.
Overview
This property features approximately 11,040 square feet of office space, divided between a 9,344-square-foot building and a 1,696-square-foot building. The property is fully leased and contains 7 office suites, ranging in size from approximately 428 square feet to 2,813 square feet. It fronts Elm Place, situated between 91st and 101st Streets. The location offers convenient access to both the BA Expressway and the Creek Turnpike. Additionally, the property is less than one mile from the New Orleans Square retail center. The property also includes an approximately 2,253 square foot house east of the office buildings.
Local 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 | $221.2k | $20.04 |
| − Vacancy | −$48.7k | −$4.41 |
| EGI | $172.6k | $15.63 |
| − OpEx | −$43.1k | −$3.91 |
| NOI | $129.4k | $11.72 |
11,040 SF · lease $20.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,426 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,766 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Evexia Therapeutic Center
Alternative Medicine Practice
Location Insight
- Map
- Local Demand
- City
- Broken Arrow
- County
- Wagoner
- State
- Oklahoma
- Longitude
- -95.797416
- Latitude
- 36.028999
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Office space for sale, conveniently located near major thoroughfares.
Where is this office building located?
The property is located at 2021 S Elm Pl Broken Arrow, OK.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Fully Leased office space providing immediate income.; Substantial office space: **±11,040 sf total (±9,344 sf building and ±1,696 sf building).**; Convenient location between BA Expressway and Creek Turnpike.
