Remodeled Office Building
For Sale
Contact for pricing
4940 E 73rd Street, Tulsa, OK 74136
Flexible office layout with multiple entrances, meeting space, and full kitchen for professional or service uses.
Property Size2,987 SF
Price / SF$145.63
Days on Market66
Property Features for 4940 E 73rd Street
General Information
Standard status
Active
Size
2,987 SF
Total Parking Spaces
7
Property subtype
Mixed Use, Office, Multifamily
Additional Details
Business Included
Yes
Office Units
5
Building Details
Year Built
1980
Listing Agency:
Chinowth & Cohen
(918) 282-1773
Listed By:
Stephanie Wilson · License #149869
Source:
Crexi
Added: Jun 19
Changed: Aug 22
Last Checked: Aug 22 at 4:02AM
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 Chinowth & Cohen
Investment Insights
Based on property information with market context.
This extensively remodeled office building offers flexible floor plan options and a configuration that can support a variety of uses. The current layout includes five private offices and a meeting room, with alternative options to create a reception area, four offices, and a meeting room. The building has three full bathrooms with upgraded granite countertops, and marble countertops throughout. A full kitchen, abundant storage, and existing infrastructure add to the building’s functionality.
The property includes seven dedicated parking spaces. Interior infrastructure is in place for technology-enabled operations, including 12 computer workstations with Cat 5 cabling throughout, as well as eight surveillance cameras.
Two offices and one full bathroom have a separate entrance, allowing that portion to be secured independently from the rest of the space. This makes the building especially practical for an owner-operator who wants separation for a second business, or for a buyer considering a multi-suite setup. The property is currently operating as Quality PC, and computer equipment, servers, and most existing inventory may convey with an acceptable offer. Note that the square footage listed in tax records is incorrect.
The property includes seven dedicated parking spaces. Interior infrastructure is in place for technology-enabled operations, including 12 computer workstations with Cat 5 cabling throughout, as well as eight surveillance cameras.
Two offices and one full bathroom have a separate entrance, allowing that portion to be secured independently from the rest of the space. This makes the building especially practical for an owner-operator who wants separation for a second business, or for a buyer considering a multi-suite setup. The property is currently operating as Quality PC, and computer equipment, servers, and most existing inventory may convey with an acceptable offer. Note that the square footage listed in tax records is incorrect.
Key Highlights
- 1980‑built office building with extensively remodeled interior and flexible floor plan options
- Multiple configurations: 5 private offices + meeting room, or reception + 4 offices + meeting room
- 3 full bathrooms with upgraded granite countertops and marble countertops throughout, including bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,789
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$775,780
$775.8K
Cap Rate 7%
$554,129
$554.1K
Cap Rate 9%
$430,989
$431.0K
Market Conditions
NOI Build-Up for 2,987 SF
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.
Gross rent
$59.9K $20.04/SF
− Vacancy
−$8.1K −$2.73/SF
EGI
$51.7K $17.31/SF
− OpEx
−$12.9K −$4.33/SF
NOI
$38.8K $12.99/SF
Area
ZIP 74136
Vacancy
13.60%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$775,780
Cap Rate 7%
$554,129
Cap Rate 9%
$430,989
Alternative Uses
Best Use
Office B
$554.1K
$484.9K – $646.5K
NOI $38,789 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$647.7K
$566.7K – $755.7K
NOI $45,339 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 74136, OK
30,416
Population
16,375
Households
1.9
Avg Household Size
38
Median Age
38%
College-Educated
91%
High-School Grad
7.7 sq mi
ZIP Area
3,950
Density / Sq Mi
$51,314
Median Household Income
$35,072
Median Earnings
$926
Median Rent
$292,200
Median Home Value
Market
Vacancy Rate% for Office in Tulsa, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office layout with multiple entrances, meeting space, and full kitchen for professional or service uses.
Where is this office units located?
The property is located at 4940 E 73rd Street Tulsa, OK.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1980‑built office building with extensively remodeled interior and flexible floor plan options; Multiple configurations: 5 private offices + meeting room, or reception + 4 offices + meeting room; 3 full bathrooms with upgraded granite countertops and marble countertops throughout, including bathrooms
