Office
6550 E 71st St, Tulsa, OK 74133
For Sale
Contact for pricing
Office building with 10,826 SF and 70% leased, near major South Tulsa expressways.
Property Size10,826 SF
Price / SF$336.22
Days on Market1380
Property Features for 6550 E 71st St
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Highway Access
Building Details
Building Size
Listing Agency:
Wiggin Properties - Tulsa
(918) 935-2010
Listed By:
Grant Stewart, CCIM · License OK #140822
(918) 645-7679
Source:
Moodyscre
Added: Feb 2, 2023
Changed: Nov 3
Last Checked: Nov 10 at 10:50AM
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 Wiggin Properties - Tulsa
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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.
This office building offers 10,826 SF and is 70% leased, with additional space available for an owner to occupy. The property is described as immediately east of the corner of 71st and S Sheridan.
The site is positioned in South Tulsa among retail malls and shopping centers. It is about 2.5 miles from Creek Turnpike and Mingo Valley Expressway and roughly 3 miles south of I-44, supporting convenient regional access.
Please note the property is not cannabis/marijuana friendly.
The site is positioned in South Tulsa among retail malls and shopping centers. It is about 2.5 miles from Creek Turnpike and Mingo Valley Expressway and roughly 3 miles south of I-44, supporting convenient regional access.
Please note the property is not cannabis/marijuana friendly.
Key Highlights
- 10,826 SF office building
- 70% leased
- Immediately east of the corner of 71st and S Sheridan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,238
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,760
$1.2M
Cap Rate 7%
$831,971
$832.0K
Cap Rate 9%
$647,089
$647.1K
Market Conditions
NOI Build-Up for 4,164 SF
Gross rent
$92.4K $22.20/SF
− Vacancy
−$14.8K −$3.55/SF
EGI
$77.7K $18.65/SF
− OpEx
−$19.4K −$4.66/SF
NOI
$58.2K $13.99/SF
Area
ZIP 74133
Vacancy
16.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,760
Cap Rate 7%
$831,971
Cap Rate 9%
$647,089
Alternative Uses
Best Use
Office B
$832.0K
$728.0K – $970.6K
NOI $58,238 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$966.9K – $1.29M
NOI $77,350 @ 7.0% cap · market cap 5.53%
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
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Current Use
Lease Details
70%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 74133, OK
48,331
Population
22,638
Households
2.1
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,528
Density / Sq Mi
$73,983
Median Household Income
$43,897
Median Earnings
$1,129
Median Rent
$254,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Tulsa, OK
Properties on Market for Office buildings in Tulsa
Vacancy Rate% for Office in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Office building - Office building with 10,826 SF and 70% leased, near major South Tulsa expressways.
Where is this office building located?
The property is located at 6550 E 71st St Tulsa, OK.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 10,826 SF office building; 70% leased; Immediately east of the corner of 71st and S Sheridan
