605 W Needles Avenue, Bixby, OK 74008

Building Details

Building Size 13,500 SF More

Year Built 1985 More

Listing Agency: Guthrie Realty, LLC

Listed By: Brian Guthrie · License OK #155461 Show Phone

Source: Evrealestate

Added: Jun 16 Changed: Nov 8 Last Checked: Nov 12 at 7:18AM

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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 Guthrie Realty, LLC

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Investment Insights

Based on property information with market context.

This for-sale warehouse property offers a straightforward warehouse configuration suitable for companies looking for dedicated space to support storage and distribution needs. The offering is identified as a warehouse asset with a stated total property size of 13,500 square feet.

The property is located at 605 W Needles Avenue in Bixby, Oklahoma, within Tulsa County. Directions are provided from 151st Street (Highway 67), west of Memorial Drive: turn south on 76th E Ave and take the first left, with the property on the left.

For tenants and buyers, the key takeaway is the warehouse-focused nature of the space. The asset is well-aligned for operational uses that require a warehouse footprint, with access guided from major east-west and nearby routes based on the published directions. Interested parties should review the physical details and intended layout upon inspection to confirm fit for their specific material handling and storage requirements.

Key Highlights

• Central air cooling plus natural gas central and radiant heating
• High ceilings with ceiling fans
• Partially fenced exterior

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$87,267

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,745,340 $1.7M

Cap Rate 7%

$1,246,671 $1.2M

Cap Rate 9%

$969,633 $969.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 13,500 SF

Gross rent

$105.3K $7.80/SF

− Vacancy

−$2.6K −$0.20/SF

EGI

$102.7K $7.60/SF

− OpEx

−$15.4K −$1.14/SF

NOI

$87.3K $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%

$1,745,340

Cap Rate 7%

$1,246,671

Cap Rate 9%

$969,633

Alternative Uses

Best Use

Warehouse

$1.25M

$1.09M – $1.45M (±1% cap)

NOI $87,267 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.04M

$2.66M – $3.55M (±1% cap)

NOI $212,977 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Kreolab, Inc. (Bike/Boat/Book/etc) Store Fix Auto Bixby Auto Repair Shop

Suggested Use

Top Pick Electrical Service Real Estate Agency (Bike/Boat/Book/etc) Store Barber Shop Carpet & Flooring Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

474

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 74008, OK

31,745

Population

12,447

Households

2.6

Avg Household Size

36

Median Age

44%

College-Educated

95%

High-School Grad

74.3 sq mi

ZIP Area

427

Density / Sq Mi

$95,476

Median Household Income

$48,691

Median Earnings

$1,302

Median Rent

$303,200

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Tulsa County, OK

$107 Jul

$140 Aug

$146 Sep

$142 Oct

Properties on Market for Warehouses in Tulsa County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse property in Tulsa County, positioned for practical storage and distribution use.

Where is this warehouse located?

The property is located at 605 W Needles Avenue Bixby, OK.

What are key features of this property?

This property features: Central air cooling plus natural gas central and radiant heating; High ceilings with ceiling fans; Partially fenced exterior