Industrial Building with New TPO
For Sale
$395,000
6912 East 12th Street, Tulsa, OK 74112
Corner-lot industrial facility with upgraded roofing, loading access, three restrooms, and on-site parking.
Property Size6,370 SF
Lot Size0.58 Acres
Price / SF$62.01
Days on Market45
Property Features for 6912 East 12th Street
General Information
Standard status
Active
Size
6,370 SF
Total Parking Spaces
27
Lot size
0.58 Acres
Property subtype
Industrial
Zoning
Industrial Medium (IM)
Warehouse & Industrial
Clear Height
8 ft
Voltage
240 V
Three-Phase Power
Yes
Amenities
Breakroom
Building Details
Year Renovated
2025
Building Size
6,370 SF
Listed By:
Jamie Hill
(918) 392-7206
Source:
Cbre
Added: Jul 21
Changed: Aug 30
Last Checked: Sep 2 at 2:48PM
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 Jamie Hill
Investment Insights
Based on property information with market context.
This 6,370± SF industrial building occupies a 0.58± lot and is zoned Industrial Medium (IM). A new TPO roof was installed in 2025. Interior features include 7.6-foot dropped ceilings throughout, with 10-foot eaves and 8 feet beneath the roof joists. The property also includes three existing restrooms, plumbing for a fourth, and a breakroom equipped with kitchen appliances.
Loading is supported by one 10 x 7-foot overhead door, while 240v 3-phase power serves the facility. The building sits on a corner lot at 6912 East 12th Street in Tulsa, with 27 striped parking spaces available on site.
Loading is supported by one 10 x 7-foot overhead door, while 240v 3-phase power serves the facility. The building sits on a corner lot at 6912 East 12th Street in Tulsa, with 27 striped parking spaces available on site.
Key Highlights
- 6,370± SF industrial building on a 0.58± lot
- Industrial Medium (IM) zoning
- New TPO roof installed in 2025
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
$30,623
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
7.75%
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%
$612,460
$612.5K
Cap Rate 7%
$437,471
$437.5K
Cap Rate 9%
$340,256
$340.3K
Market Conditions
NOI Build-Up for 6,370 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
$45.1K $7.08/SF
− Vacancy
−$1.4K −$0.21/SF
EGI
$43.7K $6.87/SF
− OpEx
−$13.1K −$2.06/SF
NOI
$30.6K $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 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%
$612,460
Cap Rate 7%
$437,471
Cap Rate 9%
$340,256
Alternative Uses
Best Use
Industrial
$437.5K
$382.8K – $510.4K
NOI $30,623 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,104 @ 7.0% cap · market cap 24.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8 ft
Clear height
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Industrial property - Corner-lot industrial facility with upgraded roofing, loading access, three restrooms, and on-site parking.
Where is this industrial property located?
The property is located at 6912 East 12th Street Tulsa, OK.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 6,370± SF industrial building on a 0.58± lot; Industrial Medium (IM) zoning; New TPO roof installed in 2025
