Office
For Sale
Contact for pricing
6550 E 71st St, Tulsa, OK 74133
Office building with 10,826 SF and 70% leased, near major South Tulsa expressways.
Property Size10,826 SF
Price / SF$336.22
Days on Market1281
Property Features for 6550 E 71st St
General Information
Standard status
Active
Size
10,826 SF
Property subtype
OFFICE
Occupancy
70%
Additional Details
Highway Access
Yes
Building Details
Building Size
10,826 SF
Listing Agency:
Wiggin Properties - Tulsa
(918) 645-7679
Listed By:
Grant Stewart, CCIM · License #140822
(918) 645-7679
Source:
Moodyscre
Added: Feb 2, 2023
Changed: Jul 30
Last Checked: Aug 5 at 8:26AM
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
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 For Office B
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 | $92.4k | $22.20 |
| − Vacancy | −$14.8k | −$3.55 |
| EGI | $77.7k | $18.65 |
| − OpEx | −$19.4k | −$4.66 |
| NOI | $58.2k | $13.99 |
4,164 SF · lease $22.20/SF/yr · vacancy 16.00% · expense 25.00%
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.
Property Analytics
Current Use
Lease Details
70%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
782
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
Market
Vacancy Rate% for Office in Tulsa, OK
Questions? Ask Rey
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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
