Historic Two-Story Mixed-Use
22 S Park Sapulpa, OK 74066
For Sale
Contact for pricing
Two-story historic building with an expansive outdoor patio and previously configured office space and upstairs apartments.
Property Size3,437 SF
Price / SF$93.10
Days on Market88
Property Features for 22 S Park
General Information
- Standard status
- Active
- Size
- 3,437 SF
- Property subtype
- Office
Building Details
- Year Built
- 1905
Listing Agency:
Coldwell Banker Commercial Select Tulsa
Listed By:
Bernie Fugate · License #OK
Source:
Crexi
Added: Apr 28
Changed: Jul 22
Last Checked: Jul 22 at 10:40PM
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 Coldwell Banker Commercial Select Tulsa
Investment Insights
Based on property information with market context.
This historic two-story building offers a combination of office space and upstairs apartments, along with an expansive outdoor patio. The property includes outdoor space that joins a newly renovated alleyway, helping preserve the character of the Sapulpa downtown setting.
Located at 22 S Park in downtown Sapulpa, the building is described in the remarks as connected to the Route 66 area. The outdoor patio and alleyway setting provide a built-in environment for tenants or operators who want access to outdoor gathering space.
The property’s existing layout supports multiple possibilities, as noted in the remarks, including an eating establishment, offices, apartments, or a combination of uses. A listing agent must be present for showings.
Located at 22 S Park in downtown Sapulpa, the building is described in the remarks as connected to the Route 66 area. The outdoor patio and alleyway setting provide a built-in environment for tenants or operators who want access to outdoor gathering space.
The property’s existing layout supports multiple possibilities, as noted in the remarks, including an eating establishment, offices, apartments, or a combination of uses. A listing agent must be present for showings.
Key Highlights
- Built in 1905, this downtown Sapulpa historic two‑story building features previously configured office space and upstairs apartments.
- Outdoor patio offers space that joins the newly renovated alleyway.
- Previously served as an office building with upstairs apartments and could be reconfigured for multiple uses, including offices, apartments, or a food establishment.
Financial Insights For Apartment 5plus
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 | $49.9k | $14.52 |
| − Vacancy | −$5.3k | −$1.55 |
| EGI | $44.6k | $12.97 |
| − OpEx | −$20.1k | −$5.83 |
| NOI | $24.5k | $7.13 |
3,437 SF · lease $14.52/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Office B
$701.6K
$613.9K – $818.5K
NOI $49,112 @ 7.0% cap · market cap 15.35%
Second Best
Apartment 5plus
$350.2K
$306.4K – $408.5K
NOI $24,511 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$845.2K
$739.6K – $986.1K
NOI $59,164 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Two-story historic building with an expansive outdoor patio and previously configured office space and upstairs apartments.
Where is this office building located?
The property is located at 22 S Park Sapulpa, OK.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Built in 1905, this downtown Sapulpa historic two‑story building features previously configured office space and upstairs apartments.; Outdoor patio offers space that joins the newly renovated alleyway.; Previously served as an office building with upstairs apartments and could be reconfigured for multiple uses, including offices, apartments, or a food establishment.
