Multi-Suite Office
For Sale
$749,000
6915 S Canton Avenue, Tulsa, OK 74136
Commercial, Tulsa, OK
Property Size4,262 SF
Lot Size0.46 Acres
Price / SF$175.74
Days on Market126
Property Features for 6915 S Canton Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OL
Interior features
Dry Bar, High Speed Internet, Mini-Kitchen, Public Restrooms, Wet Bar
Exterior features
Door Sign, Sidewalk, Storage
Subdivision
Burning Hills
Elementary school district
Tulsa - Sch Dist (1)
Middle school district
Tulsa - Sch Dist (1)
High school district
Tulsa - Sch Dist (1)
Directions
71st East of Yale, turn at QT on Canton, property is on the right just past White Lion.
Standard status
Active
APN
06055-83-03-20390
Size
4,262 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N132 W150 N220 S470 LT 1 BLK 3
Tax Annual Amount
6964
Legal Description
N132 W150 N220 S470 LT 1 BLK 3
Utilities
Cooling system
Central Air
Building Details
Year built
1978
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
Frame
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Platinum Realty, LLC.
(888) 220-0988
Listed By:
Jara McCoy · License #160312
(918) 605-0180
Added: Apr 20
Changed: Aug 19
Last Checked: Aug 23 at 11:06AM
MLS# 2614044
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1978, this 4,262-square-foot office building provides a flexible arrangement for an owner-user or multiple occupants. Two sizable end suites include private offices and dedicated restrooms, while three additional offices line the central corridor. The interior also features two reception areas, a conference room, a mini-kitchen, dry bar, wet bar, carpet and tile flooring, and high-speed internet. Four half bathrooms serve the building, and three zoned HVAC units provide separate climate control areas.
The property occupies 0.455 acres at 6915 S Canton Avenue in Tulsa, Oklahoma, with sidewalks, exterior storage, door signage, and on-site parking. OL zoning supports its office-oriented positioning. The frame building has a composition roof and central air conditioning, with a configuration that accommodates professional office operations, medical or dental users, and individual suite leasing where permitted.
The property occupies 0.455 acres at 6915 S Canton Avenue in Tulsa, Oklahoma, with sidewalks, exterior storage, door signage, and on-site parking. OL zoning supports its office-oriented positioning. The frame building has a composition roof and central air conditioning, with a configuration that accommodates professional office operations, medical or dental users, and individual suite leasing where permitted.
Key Highlights
- 4,262‑square‑foot office building on 0.455 acres
- Two end suites with 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
Lease Details
Multi-tenant
Tenancy
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 - OL-zoned office property with private work areas, reception spaces, conference facilities, and on-site parking.
Where is this office building located?
The property is located at 6915 S Canton Avenue 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‑square‑foot office building on 0.455 acres; Two end suites with private offices and dedicated restrooms; Three additional private offices along the central hallway
