Remodeled Office Building with
For Sale
$435,000
4940 E 73rd St, Tulsa, OK 74136
Flexible professional workspace with private offices, meeting space, kitchen, storage, and a separately secured office suite.
Property Size2,987 SF
Price / SF$145.63
Days on Market57
Property Features for 4940 E 73rd St
General Information
Standard status
Active
Size
2,987 SF
Total Parking Spaces
7
Amenities
full kitchen
abundant storage
Cat 5 cabling
8 surveillance cameras
separate entrance
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Chinowth & Cohen
Listed By:
Stephanie Wilson · License #149869
(918) 282-1773
Source:
Theashleygroupok
Added: Aug 23
Changed: Oct 10
Last Checked: Oct 7 at 1:04PM
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
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Investment Insights
Based on property information with market context.
This 1980 office building has been extensively remodeled and includes five private offices, a meeting room, three full bathrooms, a full kitchen, and substantial storage. The layout can also be arranged with a reception area, four offices, and a meeting room. Marble countertops are installed throughout, with upgraded granite bathroom surfaces. Seven dedicated parking spaces serve the property.
A separately secured area includes two offices and one full bathroom with its own entrance, supporting independent occupancy within the building. Existing infrastructure includes 12 computer workstations, Cat 5 cabling throughout, and eight surveillance cameras. The property is currently operating as Quality PC, with computer equipment, servers, and most existing inventory potentially conveying with an acceptable offer. The building is positioned for professional, medical, service, or retail use.
A separately secured area includes two offices and one full bathroom with its own entrance, supporting independent occupancy within the building. Existing infrastructure includes 12 computer workstations, Cat 5 cabling throughout, and eight surveillance cameras. The property is currently operating as Quality PC, with computer equipment, servers, and most existing inventory potentially conveying with an acceptable offer. The building is positioned for professional, medical, service, or retail use.
Key Highlights
- Extensively remodeled office building with 5 private offices and a meeting room
- 7 dedicated parking spaces
- Two offices and one full bathroom have an independent entrance and separate security
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,789
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
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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
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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?
Office building - Flexible professional workspace with private offices, meeting space, kitchen, storage, and a separately secured office suite.
Where is this office building located?
The property is located at 4940 E 73rd St 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: Extensively remodeled office building with 5 private offices and a meeting room; 7 dedicated parking spaces; Two offices and one full bathroom have an independent entrance and separate security
