Two-Building Flex and Warehouse
For Sale
$900,000
2215 N Sheridan Rd, Tulsa, OK 74115
Secured, paved commercial property on 4.25 acres with a two-story office building and a warehouse with garage-style space.
Property Size5,820 SF
Lot Size4.25 Acres
Price / SF$154.64
Days on Market127
Property Features for 2215 N Sheridan Rd
General Information
Standard status
Active
Size
5,820 SF
Lot size
4.25 Acres
Site & Location
Road Access
Yes
Fenced Yard
Yes
Amenities
electric gate
secured grounds
Building Details
Year Built
2003
Listing Agency:
C21/First Choice Realty
Listed By:
Myrinda Morgan · License #205224
Source:
Accentrealtors
Added: Jun 16
Changed: Oct 16
Last Checked: Oct 7 at 2:42PM
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 C21/First Choice Realty
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Investment Insights
Based on property information with market context.
This two-building commercial site is set on 4.25 acres and includes a two-story structure with office space plus a separate warehouse-style building offering interior storage and garage-style accommodations. The grounds are fully secured, with an electric gate opener controlling access, and an expansive paved lot supports convenient on-site operations.
The property is located along Sheridan Road in Tulsa, OK and provides access to public transit with a bus station just steps away. Surrounding amenities include Tulsa MET Junior High and High School, Mike Patrick Park, and the Warehouse Market grocery store.
With office space in the two-story building and flexible storage and garage-style space in the second building, the property is configured to support mixed administrative and operational needs on a larger acreage parcel.
The property is located along Sheridan Road in Tulsa, OK and provides access to public transit with a bus station just steps away. Surrounding amenities include Tulsa MET Junior High and High School, Mike Patrick Park, and the Warehouse Market grocery store.
With office space in the two-story building and flexible storage and garage-style space in the second building, the property is configured to support mixed administrative and operational needs on a larger acreage parcel.
Key Highlights
- Secured commercial site on 4.25 acres with electric gate opener and fully secured grounds
- Two distinct buildings: a two‑story office building plus a second building with interior storage and garage‑style space
- Expansive paved lot for parking and vehicle access for staff, clients, and commercial vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,177
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,343,540
$1.3M
Cap Rate 7%
$959,671
$959.7K
Cap Rate 9%
$746,411
$746.4K
Market Conditions
NOI Build-Up for 5,820 SF
Gross rent
$104.8K $18.00/SF
− Vacancy
−$15.2K −$2.61/SF
EGI
$89.6K $15.39/SF
− OpEx
−$22.4K −$3.85/SF
NOI
$67.2K $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%
$1,343,540
Cap Rate 7%
$959,671
Cap Rate 9%
$746,411
Alternative Uses
Best Use
Office B
$959.7K
$839.7K – $1.12M
NOI $67,177 @ 7.0% cap · market cap 7.46%
Second Best
Warehouse
$485.3K
$424.7K – $566.2K
NOI $33,974 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,892 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74115, OK
24,461
Population
9,583
Households
2.6
Avg Household Size
32
Median Age
9%
College-Educated
72%
High-School Grad
16.0 sq mi
ZIP Area
1,529
Density / Sq Mi
$43,111
Median Household Income
$27,179
Median Earnings
$987
Median Rent
$74,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Flex space - Secured, paved commercial property on 4.25 acres with a two-story office building and a warehouse with garage-style space.
Where is this flex space located?
The property is located at 2215 N Sheridan Rd Tulsa, OK.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Secured commercial site on 4.25 acres with electric gate opener and fully secured grounds; Two distinct buildings: a two‑story office building plus a second building with interior storage and garage‑style space; Expansive paved lot for parking and vehicle access for staff, clients, and commercial vehicles
