West Tulsa Industrial
For Sale
$2,899,000
6717 South 61st West Avenue, Tulsa, OK 74131
54,399 SF industrial property on 12.39 acres in West Tulsa.
Property Size54,399 SF
Lot Size12.39 Acres
Price / SF$53.29
Days on Market203
Property Features for 6717 South 61st West Avenue
General Information
Standard status
Active
Size
54,399 SF
Lot size
12.39 Acres
Property subtype
Industrial
Listing Agency:
CBRE - Tulsa
Listed By:
Dwayne Flynn
(918) 392-7249
Source:
Cbre
Added: Mar 25
Changed: Oct 8
Last Checked: Oct 12 at 6:11PM
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 CBRE - Tulsa
Investment Insights
Based on property information with market context.
This industrial property in West Tulsa features four main buildings totaling approximately 54,399 square feet on approximately 12.39 acres. The site is suitable for a user requiring significant yard area with room for expansion. The property is zoned IH - Heavy Industrial and is fully fenced. It includes dock and drive-in loading, heavy parking, a rail spur, and a water tank. The buildings include Office 1 with 4,015 square feet, Office 2 with 4,600 square feet, Warehouse A with 22,000 square feet, and Warehouse B with 21,400 square feet. The property also features ample parking.
Key Highlights
- Heavy Industrial (IH) Zoning allows for a wide range of industrial uses.
- Substantial Yard Area on 12.39± Acres with room for expansion.
- Totaling nearly 55,000 SF across four buildings (office and warehouse space).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$261,513
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,230,260
$5.2M
Cap Rate 7%
$3,735,900
$3.7M
Cap Rate 9%
$2,905,700
$2.9M
Market Conditions
NOI Build-Up for 54,399 SF
Gross rent
$385.1K $7.08/SF
− Vacancy
−$11.6K −$0.21/SF
EGI
$373.6K $6.87/SF
− OpEx
−$112.1K −$2.06/SF
NOI
$261.5K $4.81/SF
Area
Tulsa, OK
Vacancy
3.00%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,230,260
Cap Rate 7%
$3,735,900
Cap Rate 9%
$2,905,700
Alternative Uses
Best Use
Warehouse
$4.54M
$3.97M – $5.29M
NOI $317,552 @ 7.0% cap · market cap 10.95%
Second Best
Industrial
$3.74M
$3.27M – $4.36M
NOI $261,513 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$11.60M
$10.15M – $13.54M
NOI $812,173 @ 7.0% cap · market cap 28.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74131, OK
2,988
Population
1,078
Households
2.8
Avg Household Size
41
Median Age
26%
College-Educated
85%
High-School Grad
9.6 sq mi
ZIP Area
311
Density / Sq Mi
$64,653
Median Household Income
$47,240
Median Earnings
$1,048
Median Rent
$188,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Tulsa, OK
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - 54,399 SF industrial property on 12.39 acres in West Tulsa.
Where is this warehouse located?
The property is located at 6717 South 61st West Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: Heavy Industrial (IH) Zoning allows for a wide range of industrial uses.; Substantial Yard Area on 12.39± Acres with room for expansion.; Totaling nearly 55,000 SF across four buildings (office and warehouse space).
