Warehouse with Oversized Garage
For Sale
Contact for pricing
6902 E 14th Place, Tulsa, OK 74112
Two overhead-door bays are paired with an interior office and bathroom.
Property Size1,200 SF
Price / SF$208.33
Days on Market123
Property Features for 6902 E 14th Place
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Industrial
Additional Details
Fenced Yard
Yes
Drive-In Doors
2
Building Details
Year Built
1997
Listing Agency:
Keller Williams Advantage
(918) 712-2252
Listed By:
Kathryn Sawyer · License #200262
Source:
Crexi
Added: May 2
Changed: Aug 31
Last Checked: Aug 31 at 3:07AM
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 Keller Williams Advantage
Investment Insights
Based on property information with market context.
This warehouse property was built in 1997 and includes two oversized garage bays with overhead doors, an interior office, and a bathroom. A chain-link fence encloses the warehouse and parking lot, with gated entry providing controlled access.
The property is located at 6902 E 14th Place in Tulsa, Oklahoma.
The property is located at 6902 E 14th Place in Tulsa, Oklahoma.
Key Highlights
- Two oversized garage bays with overhead doors
- Interior office and bathroom
- Chain‑link fence encloses the warehouse and parking lot
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
$7,005
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
2.80%
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%
$140,100
$140.1K
Cap Rate 7%
$100,071
$100.1K
Cap Rate 9%
$77,833
$77.8K
Market Conditions
NOI Build-Up for 1,200 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
$8.5K $7.08/SF
− Vacancy
−$255 −$0.21/SF
EGI
$8.2K $6.87/SF
− OpEx
−$1.2K −$1.03/SF
NOI
$7.0K $5.84/SF
Area
Tulsa, OK
Vacancy
3.00%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$140,100
Cap Rate 7%
$100,071
Cap Rate 9%
$77,833
Alternative Uses
Best Use
Warehouse
$100.1K
$87.6K – $116.8K
NOI $7,005 @ 7.0% cap · market cap 2.80%
Second Best
Flex RnD
$88.9K
$77.8K – $103.7K
NOI $6,224 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$255.9K
$224.0K – $298.6K
NOI $17,916 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74112, OK
20,810
Population
10,524
Households
2
Avg Household Size
38
Median Age
27%
College-Educated
87%
High-School Grad
6.8 sq mi
ZIP Area
3,060
Density / Sq Mi
$55,848
Median Household Income
$37,151
Median Earnings
$1,024
Median Rent
$149,800
Median Home Value
Market
Vacancy Rate% for Industrial in Tulsa, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Quality Storages — 2199 S Sheridan Rd, Tulsa, OK 74114
- Best Local Self Storage 002 — 2199 S Sheridan Rd, Tulsa, OK 74114
- On Call Moving Company Tulsa — 6308 E 15th St Suite 1F, Tulsa, OK 74112
- Safestor Tulsa — 1535 S Memorial Dr, Tulsa, OK 74112
- SecurCare Self Storage — 1434 S Sheridan Rd, Tulsa, OK 74112
Frequently Asked Questions
What type of property is this?
Warehouse - Two overhead-door bays are paired with an interior office and bathroom.
Where is this warehouse located?
The property is located at 6902 E 14th Place Tulsa, OK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two oversized garage bays with overhead doors; Interior office and bathroom; Chain‑link fence encloses the warehouse and parking lot
