2417 E Skelly Drive, Tulsa, OK 74107

Building Details

Year Renovated 2025 More

Buildings 1 More

Stories 2 More

Tenancy Single More

Building Size 6,531 SF More

Listing Agency: Frisbie Lombardi

Listed By: Nick Lombardi · License OK #152277 Show Phone

Source: Crexi

Added: Aug 4 Changed: Nov 7 Last Checked: Nov 12 at 8:26AM

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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 Frisbie Lombardi

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Investment Insights

Based on property information with market context.

This recently renovated two-story office building provides approximately 6,531 SF of configured workspace within Twenty-Six Oaks Office Park. The first floor includes a reception area, 14 offices, a conference room, a large breakroom, dual restrooms, and coworking space. The second floor adds 7 offices, another breakroom, dual restrooms, and stairwell access. Upscale finishes are incorporated throughout the interior.

The property occupies the northeast corner of Skelly and Lewis, with ample parking and convenient access to I-44. Its combination of private offices, shared workspace, meeting space, support areas, and two-level configuration offers a substantial office layout for an owner-user or business operation.

Key Highlights

• ±6,531 SF of recently renovated office space
• 21 total offices across two floors
• First‑floor reception, conference room, coworking space, and large breakroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,384

Cap Rate

7.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,507,680 $1.5M

Cap Rate 7%

$1,076,914 $1.1M

Cap Rate 9%

$837,600 $837.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,531 SF

Gross rent

$117.6K $18.00/SF

− Vacancy

−$17.0K −$2.61/SF

EGI

$100.5K $15.39/SF

− OpEx

−$25.1K −$3.85/SF

NOI

$75.4K $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%

$1,507,680

Cap Rate 7%

$1,076,914

Cap Rate 9%

$837,600

Alternative Uses

Best Use

Office B

$1.08M

$942.3K – $1.26M (±1% cap)

NOI $75,384 @ 7.0% cap · market cap 7.58%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.39M

$1.22M – $1.63M (±1% cap)

NOI $97,507 @ 7.0% cap · market cap 9.80%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Burkeen Clagg Bartel, ... Tax Preparation

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Real Estate Agency

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

624

Businesses Nearby

Explore this area Business Placement

Demographics for 74107, OK

19,453

Population

8,566

Households

2.3

Avg Household Size

36

Median Age

20%

College-Educated

86%

High-School Grad

25.4 sq mi

ZIP Area

766

Density / Sq Mi

$53,098

Median Household Income

$36,274

Median Earnings

$938

Median Rent

$124,100

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Tulsa, OK

$149 Jul

$158 Aug

$156 Sep

$160 Oct

Properties on Market for Office buildings in Tulsa

Jul

Aug

Sep

Oct

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

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Frequently Asked Questions

What type of property is this?

Office building - Recently renovated office property with reception, conference, coworking, and breakroom areas.

Where is this office building located?

The property is located at 2417 E Skelly Drive Tulsa, OK.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: ±6,531 SF of recently renovated office space; 21 total offices across two floors; First‑floor reception, conference room, coworking space, and large breakroom