Flex Building with Drive-In
4941 E ADMIRAL PL Tulsa, OK 74115
For Sale
Contact for pricing
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 Market61
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
Changed: Jul 10
Last Checked: Jul 27 at 5:25AM
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
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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
