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    Flex Building with Drive-In Bays Title is generated by Realmo AI

    4941 E ADMIRAL PL, Tulsa, OK 74115

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    Versatile flex property with retail frontage, multiple service bays, and on-site apartments for owner-operator use.

    Type:Retail, Mixed Use
    Property size:
    11,515 SF
    Price / SF:
    $60/SF
    Added:
    May 28, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 5:40 am

    Property Features for 4941 E ADMIRAL PL

    General Information

    Standard status
    Active
    Size
    11,515 SF
    Property subtype
    Retail, Mixed Use

    Building Details

    Year Built
    1938

    We can help!

    Listing Contact
    Dakota Owen

    Listing agent Dakota Owen License #210600

    Listing office SVN | OAK Realty Advisors

    Listing date May 28, 2026

    Source Crexi

    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 SVN | OAK Realty Advisors

    HighLights

    • 11,515 SF flexible commercial building for retail, service, automotive, warehouse, owner‑user, or mixed‑use uses
    • About 4,920 SF dedicated warehouse/storage area plus a two‑story layout for versatile space configuration
    • Multiple garage/service bays with drive‑in access and a prominent retail showroom/storefront with street exposure
    • Two small live‑in apartments on‑site, currently under renovation for modern finishes (owner‑operator or rental income)
    • 600‑amp electrical service and surface parking for approximately 7 vehicles
    • CH‑zoned on East Admiral Place, directly across from a high‑traffic QuikTrip and near the I‑244 interchange

    Overview

    This flex building totals 11,515 SF and is configured to support a mix of retail, service, and storage use. The property features a prominent retail showroom/storefront with street exposure, along with multiple garage/service bays with drive-in access. Dedicated warehouse or storage areas provide approximately 4,920 SF for inventory, equipment, or operational needs. The building also includes two small live-in apartments, currently under renovation, which can support on-site management or additional rental income. A two-story layout provides flexible rooming options for a variety of mixed-use concepts, and the property is equipped with a 600-amp electrical service. Surface parking is available for approximately seven vehicles.

    The property is located on East Admiral Place in a high-visibility commercial corridor zoned CH. It sits directly across from a QuikTrip convenience store and gas station, and it offers convenient access to the I-244 interchange for regional connectivity. The positioning along a heavily trafficked corridor supports daily customer and delivery access.

    With its combination of showroom frontage, drive-in service bays, and dedicated warehouse/storage space, the building is well-suited to automotive repair and service, retail or service operations, light industrial use, or live-work configurations. For an owner-user, the on-site apartments provide a practical way to keep management close to the operation during renovations and turn-key buildout planning.
    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

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    FAQs

    What type of property is this?
    Flex space - Versatile flex property with retail frontage, multiple service bays, and on-site apartments for owner-operator use.
    Where is this flex space located?
    The property is located at 4941 E ADMIRAL PL Tulsa, OK.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 11,515 SF flexible commercial building for retail, service, automotive, warehouse, owner‑user, or mixed‑use uses; About 4,920 SF dedicated warehouse/storage area plus a two‑story layout for versatile space configuration; Multiple garage/service bays with drive‑in access and a prominent retail showroom/storefront with street exposure
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dakota Owen
    Real Estate License ID: 210600
    Learn More
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    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.

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