Multi-Suite Office
For Sale
$749,000
6915 S Canton Ave, Tulsa, OK 74136
Flexible professional layout with reception areas, conference space, private offices, restrooms, and a mini kitchen.
Property Size4,262 SF
Price / SF$175.74
Days on Market12
Property Features for 6915 S Canton Ave
General Information
Standard status
Active
Size
4,262 SF
Amenities
conference room
reception areas
mini kitchen
Building Details
Year Built
1978
Buildings
1
Building Size
4,262 SF
Listing Agency:
Platinum Realty, LLC.
(918) 605-0180
Listed By:
Jara McCoy · License #160312
Source:
Theashleygroupok
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 6:47AM
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 Platinum Realty, LLC.
Investment Insights
Based on property information with market context.
This 4,262 sq ft office building, constructed in 1978, is arranged for either multi-tenant occupancy or a single business requiring multiple work areas. Two substantial end suites each include several private offices and dedicated restrooms, while three additional offices line the central hallway. The interior also provides two reception areas, a conference room, a mini kitchen, and four half bathrooms.
Located at 6915 S Canton Ave in Tulsa, the property includes on-site parking and three zoned HVAC units. The combination of separate suite areas, client-facing spaces, and centralized offices supports a range of professional office configurations, including individual suite leasing opportunities.
Located at 6915 S Canton Ave in Tulsa, the property includes on-site parking and three zoned HVAC units. The combination of separate suite areas, client-facing spaces, and centralized offices supports a range of professional office configurations, including individual suite leasing opportunities.
Key Highlights
- 4,262 sq ft professional office building constructed in 1978
- Two end suites with multiple private offices and dedicated restrooms
- Three additional private offices along the central hallway
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
$55,346
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
7.39%
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%
$1,106,920
$1.1M
Cap Rate 7%
$790,657
$790.7K
Cap Rate 9%
$614,956
$615.0K
Market Conditions
NOI Build-Up for 4,262 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
$85.4K $20.04/SF
− Vacancy
−$11.6K −$2.73/SF
EGI
$73.8K $17.31/SF
− OpEx
−$18.4K −$4.33/SF
NOI
$55.3K $12.99/SF
Area
ZIP 74136
Vacancy
13.60%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,106,920
Cap Rate 7%
$790,657
Cap Rate 9%
$614,956
Alternative Uses
Best Use
Office B
$790.7K
$691.8K – $922.4K
NOI $55,346 @ 7.0% cap · market cap 7.39%
Second Best
Healthcare Medical
$726.0K
$635.2K – $847.0K
NOI $50,817 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$924.2K
$808.7K – $1.08M
NOI $64,692 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,158
Businesses Nearby
Explore this area
Business Placement
Demographics for 74136, OK
30,416
Population
16,375
Households
1.9
Avg Household Size
38
Median Age
38%
College-Educated
91%
High-School Grad
7.7 sq mi
ZIP Area
3,950
Density / Sq Mi
$51,314
Median Household Income
$35,072
Median Earnings
$926
Median Rent
$292,200
Median Home Value
Market
Vacancy Rate% for Office in Tulsa, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Flexible professional layout with reception areas, conference space, private offices, restrooms, and a mini kitchen.
Where is this office building located?
The property is located at 6915 S Canton Ave Tulsa, OK.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 4,262 sq ft professional office building constructed in 1978; Two end suites with multiple private offices and dedicated restrooms; Three additional private offices along the central hallway
