Flex Space Building with
For Sale
Contact for pricing
5441-5445 S 99TH EAST AVE, Tulsa, OK 74146
Versatile flex and industrial space with updated amenities, flexible floor plans, and ample parking.
Property Size15,840 SF
Price / SF$101.01
Days on Market262
Property Features for 5441-5445 S 99TH EAST AVE
General Information
Standard status
Active
Size
15,840 SF
Property subtype
INDUSTRIAL
Listing Agency:
Legacy Commercial Property Advisors
(918) 438-9999
Listed By:
David Looney · License ##133206133206
(918) 519-6151
Source:
Moodyscre
Added: Jan 2
Changed: Sep 11
Last Checked: Sep 20 at 5:57AM
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 Legacy Commercial Property Advisors
Investment Insights
Based on property information with market context.
This flex space and industrial property for sale at 5441-5445 S 99th East Ave, Tulsa, OK 74146 offers flexible floor plans designed to support a range of business needs. The building includes updated amenities and a well-maintained exterior, creating a professional environment for both clients and employees.
The property is positioned for convenient access and includes ample parking for day-to-day operations. Overall, it’s a strong option for buyers seeking a versatile industrial facility with practical on-site parking and adaptable interior configuration.
The property is positioned for convenient access and includes ample parking for day-to-day operations. Overall, it’s a strong option for buyers seeking a versatile industrial facility with practical on-site parking and adaptable interior configuration.
Key Highlights
- Versatile flex and industrial space at 5437–5445 S 99th Ave, Tulsa, OK
- Updated amenities
- Flexible floor plans to accommodate various business operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,162
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,643,240
$1.6M
Cap Rate 7%
$1,173,743
$1.2M
Cap Rate 9%
$912,911
$912.9K
Market Conditions
NOI Build-Up for 15,840 SF
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.
Gross rent
$133.1K $8.40/SF
− Vacancy
−$6.7K −$0.42/SF
EGI
$126.4K $7.98/SF
− OpEx
−$44.2K −$2.79/SF
NOI
$82.2K $5.19/SF
Area
Tulsa, OK
Vacancy
5.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,643,240
Cap Rate 7%
$1,173,743
Cap Rate 9%
$912,911
Alternative Uses
Best Use
Flex RnD
$1.17M
$1.03M – $1.37M
NOI $82,162 @ 7.0% cap · market cap 5.14%
Second Best
Industrial
$1.09M
$951.9K – $1.27M
NOI $76,148 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,490 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74146, OK
16,427
Population
6,138
Households
2.7
Avg Household Size
29
Median Age
8%
College-Educated
69%
High-School Grad
5.1 sq mi
ZIP Area
3,221
Density / Sq Mi
$43,905
Median Household Income
$30,543
Median Earnings
$831
Median Rent
$134,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Tulsa, OK
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex and industrial space with updated amenities, flexible floor plans, and ample parking.
Where is this flex space located?
The property is located at 5441-5445 S 99TH EAST AVE Tulsa, OK.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Versatile flex and industrial space at 5437–5445 S 99th Ave, Tulsa, OK; Updated amenities; Flexible floor plans to accommodate various business operations
