Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4941 E Admiral Pl Tulsa, OK 74115

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    11,515 SF flexible space for retail, warehouse, or mixed-use.

    Property Features for 4941 E Admiral Pl

    General Information

    Standard status
    Active

    Building Details

    Year built
    1938

    We can help!

    Listing Contact
    Dakota Owen
    Source: Crexi

    Listing Agency: SVN | OAK Realty Advisors Listing Agent: Dakota Owen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Commercial Property in Tulsa

    This 11,515 SF commercial property is located at 4941 E Admiral Place, Tulsa, OK 74115. The property is suitable for retail, service, automotive, warehouse, or mixed-use applications. It is located in a high-visibility CH-zoned corridor. The property features a retail showroom/storefront with street exposure, multiple garage/service bays and drive-in access, and dedicated warehouse/storage areas. There are two small apartments, currently under renovation, suitable for an owner-operator, on-site management, or additional income potential. The building has a two-story configuration offering versatile layout options. It features 600-amp electrical service. Surface parking is available for approximately 7 vehicles. The property is located directly across from a high-traffic QuikTrip convenience store/gas station and has immediate proximity to the I-244 interchange. It is situated along East Admiral Place in a heavily trafficked commercial corridor with strong daily vehicle counts and convenient access to major Tulsa thoroughfares and regional connectivity. The landlord is prepared to provide a tenant improvement allowance for qualified tenants entering into a long-term lease.
    Location Intelligence

    Current Use by Public Records

    Affordable Powersports of Tulsa Motorcycle Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.9204584
    Latitude
    36.1612753

    Nearby Similar for Lease

    • Contact for pricing

      OK, Tulsa - Sheridan Road

      Discover many ways to work your way in OK, Tulsa - Sheridan Road
      6666 Sheridan Rd, Tulsa, OK 74133
      View Details
    • Contact for pricing

      OK, Tulsa - S Boston

      Discover many ways to work your way in OK, Tulsa - S Boston
      624 Boston Ave 1&, Tulsa, OK 74119
      View Details
    • Contact for pricing

      Kennedy Building

      Discover many ways to work your way in Kennedy Building
      321 Boston Ave, Tulsa, OK 74103
      View Details
    • Contact for pricing

      Executive Tower

      Discover many ways to work your way in Executive Tower
      7136 Yale Ave, Tulsa, OK 74136
      View Details
    • Contact for pricing

      Memorial Place

      Discover many ways to work your way in Memorial Place
      7633 63Rd Pl, Tulsa, OK 74133
      View Details
    • Sponsored
      Contact for pricing

      OK, Tulsa - 6100 South Yale

      Workspaces, services and support to help you work better in OK, Tulsa - 6100 South Yale
      6100 Tulsa, Tulsa, OK 74136
      View Details
    • $16 SF/Yr
      6,710 SF

      Move-in Ready Medical Office Space

      Freestanding medical office building with versatile layout in Tulsa.
      4125 South Mingo Rd, Tulsa, OK 74146
      View Details
    • Contact for pricing

      Retail Space in Active Trade

      Retail space in Tulsa's active trade area with high visibility.
      8228 East 61St St, Tulsa, OK 74133
      View Details
    • $10 SF/Yr
      1,873 SF

      Adaptable Office/Flex Service Center

      Quality office/flex space with premium finishes and convenient location.
      9410 E 51St St, Tulsa, OK 74145
      View Details
    • $9 SF/Yr

      Remodeled Flex Property with Fenced Yards

      Single-tenant flex property with office, showroom, and warehouse space.
      9901 E 46Th Pl, Tulsa, OK 74146
      View Details
    • $13 SF/Yr

      Downtown Office Space for Lease

      Full floor office suite in Tulsa's Deco District.
      20 East 5Th St, Tulsa, OK 74103
      View Details
    • $14 SF/Yr

      Furnished Office Suite in Deco

      Plug & Play office suite in historic Thompson Building.
      20 E 5Th St, Tulsa, OK 74103
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 11,515 SF flexible space for retail, warehouse, or mixed-use.
    Where is this mixed-use property located?
    The property is located at 4941 E Admiral Pl Tulsa, OK.
    What are key features of this property?
    This property features: - High-visibility location in a heavily trafficked commercial corridor with strong daily vehicle counts.; - 11,515 SF flexible commercial property suitable for retail, service, automotive, warehouse, or mixed-use applications.; - Multiple garage/service bays and drive-in access, plus dedicated warehouse/storage areas.
    Request Owner's contact information
    4941 E Admiral Pl Tulsa, OK 74115
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4941 E Admiral Pl
    Tulsa, OK 74115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4941 E Admiral Pl Tulsa, OK 74115
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dakota Owen
    Real Estate License ID: 210600
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!