Fenced Flex Building with Yard
For Sale
$840,000
552 West 138th Street South, Glenpool, OK 74033
Flex property combines covered workspace with secured outdoor storage and direct US-75 connectivity.
Property Size5,000 SF
Lot Size1.06 Acres
Price / SF$168
Days on Market208
Property Features for 552 West 138th Street South
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.06 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
5,000 SF
Year Built
1980
Buildings
1
Listing Agency:
Creek Commercial Realty, LLC
Listed By:
Mitch Hammack · License #184349
(405) 312-2512
Source:
Thebrokerlist
Added: Mar 23
Changed: Oct 11
Last Checked: Oct 16 at 5:46AM
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 Creek Commercial Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1980, this 5,000 SF flex building occupies 1.06 graveled acres and is configured for operations that require both enclosed workspace and outdoor storage. Five overhead doors support equipment and vehicle access, while two covered canopies provide additional sheltered space for materials or machinery. A recently installed perimeter fence and gated entry define the yard and add controlled access to the site.
The property is located at 522 West 138th Street South in Glenpool, within an industrial corridor with immediate access to US-75. The highway connection supports movement through the Tulsa metro and toward southern Oklahoma markets. The Creek Turnpike interchange in Jenks is minutes north, providing an additional east-west route for regional distribution and field operations.
The property is located at 522 West 138th Street South in Glenpool, within an industrial corridor with immediate access to US-75. The highway connection supports movement through the Tulsa metro and toward southern Oklahoma markets. The Creek Turnpike interchange in Jenks is minutes north, providing an additional east-west route for regional distribution and field operations.
Key Highlights
- 5,000 SF flex building on 1.06 graveled acres
- Five overhead doors for equipment and vehicle access
- Two covered canopies for material and equipment storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,321
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,420
$646.4K
Cap Rate 7%
$461,729
$461.7K
Cap Rate 9%
$359,122
$359.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$39.0K $7.80/SF
− Vacancy
−$975 −$0.20/SF
EGI
$38.0K $7.60/SF
− OpEx
−$5.7K −$1.14/SF
NOI
$32.3K $6.46/SF
Area
Tulsa County, OK
Vacancy
2.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,420
Cap Rate 7%
$461,729
Cap Rate 9%
$359,122
Alternative Uses
Best Use
Warehouse
$461.7K
$404.0K – $538.7K
NOI $32,321 @ 7.0% cap · market cap 3.85%
Second Best
Flex RnD
$450.9K
$394.5K – $526.0K
NOI $31,561 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.13M
$986.0K – $1.31M
NOI $78,880 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74033, OK
13,254
Population
4,868
Households
2.7
Avg Household Size
34
Median Age
25%
College-Educated
91%
High-School Grad
12.3 sq mi
ZIP Area
1,078
Density / Sq Mi
$77,306
Median Household Income
$43,382
Median Earnings
$1,292
Median Rent
$194,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex property combines covered workspace with secured outdoor storage and direct US-75 connectivity.
Where is this flex space located?
The property is located at 552 West 138th Street South Glenpool, OK.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: 5,000 SF flex building on 1.06 graveled acres; Five overhead doors for equipment and vehicle access; Two covered canopies for material and equipment storage
