Tulsa Office Building For
7127 Riverside Parkway Tulsa, OK 74136
For Sale
$5,750,000
37,700 SF office building on 4.29 acres in Tulsa.
Property Size37,700 SF
Lot Size4.29 Acres
Price / SF$152.52
Days on Market125
Property Features for 7127 Riverside Parkway
General Information
Standard status
Active
Size
37,700 SF
Lot size
4.29 Acres
Property subtype
Office
Listing Agency:
CBRE | Tulsa
(918) 392-7253
Listed By:
Dylan Seibert
(918) 392-7253
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 27 at 6:48AM
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 37,700 square foot office building is situated on approximately 4.29 acres. Constructed in 1992 and renovated in 1998, the property features concrete block construction with an EIFS exterior and glass aluminum windows. The roof was resealed in 2020. The building includes a glass storefront and four bank drive-in lanes. It is fully sprinklered, with the system monitored by Simplex Grinnell. Electrical capacity is provided by a 2,000 amp panel (3 phase - 120/208v). The property is equipped with six roof top HVAC units and three 8'x8' docks. There are approximately 180 total parking spaces available. The interior layout features open office plans with offices, conference rooms, and a break room. The property is zoned CS with RDO 3 Overlay.
Key Highlights
- 37,700± SF on 4.29± Acres
- 180± Total Parking Spaces
- Zoned CS with RDO 3 Overlay
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $755.5k | $20.04 |
| − Vacancy | −$102.7k | −$2.73 |
| EGI | $652.8k | $17.31 |
| − OpEx | −$163.2k | −$4.33 |
| NOI | $489.6k | $12.99 |
37,700 SF · lease $20.04/SF/yr · vacancy 13.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.99M
$6.12M – $8.16M
NOI $489,569 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.17M
$7.15M – $9.54M
NOI $572,239 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 37,700 SF office building on 4.29 acres in Tulsa.
Where is this office building located?
The property is located at 7127 Riverside Parkway Tulsa, OK.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 37,700± SF on 4.29± Acres; 180± Total Parking Spaces; Zoned CS with RDO 3 Overlay
