Tulsa Office Building For
For Sale
$5,750,000
7127 Riverside Parkway, Tulsa, OK 74136
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 Market218
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
Listed By:
Dylan Seibert
(918) 392-7253
Source:
Cbre
Added: Mar 25
Changed: Oct 25
Last Checked: Oct 26 at 12:37PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$489,569
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,791,380
$9.8M
Cap Rate 7%
$6,993,843
$7.0M
Cap Rate 9%
$5,439,656
$5.4M
Market Conditions
NOI Build-Up for 37,700 SF
Gross rent
$755.5K $20.04/SF
− Vacancy
−$102.7K −$2.73/SF
EGI
$652.8K $17.31/SF
− OpEx
−$163.2K −$4.33/SF
NOI
$489.6K $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 Rate 5%
$9,791,380
Cap Rate 7%
$6,993,843
Cap Rate 9%
$5,439,656
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Tulsa, OK
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
