Flex Building with Drive-In
4941 E ADMIRAL PL Tulsa, OK 74115
4941 E ADMIRAL PL, Tulsa, OK, 74115
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For Sale
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Versatile flex property with retail frontage, multiple service bays, and on-site apartments for owner-operator use.
Property Size11,515 SF
Price / SF$60.79
Days on Market57
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
Listing agency
SVN | OAK Realty Advisors
Listed by
Dakota Owen · License #210600
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:53PM Checked: Jul 22 at 8:08AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.7k | $8.40 |
| − Vacancy | −$4.8k | −$0.42 |
| EGI | $91.9k | $7.98 |
| − OpEx | −$32.2k | −$2.79 |
| NOI | $59.7k | $5.19 |
11,515 SF · lease $8.40/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$1.58M
$1.39M – $1.85M
NOI $110,848 @ 7.0% cap · market cap 15.84%
Second Best
Warehouse
$960.3K
$840.2K – $1.12M
NOI $67,218 @ 7.0% cap · market cap 9.60%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $171,918 @ 7.0% cap · market cap 24.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Affordable Powersports of Tulsa
Motorcycle Shop
Similar For Sale Nearby
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
