Versatile Commercial Property in
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8300 New Sapulpa Road, Tulsa, OK 74131
21,200 SF flex space with showroom and storage.
Property Size21,200 SF
Lot Size4.04 Acres
Price / SF$0.00
Days on Market218
Property Features for 8300 New Sapulpa Road
General Information
Standard status
Active
Size
21,200 SF
Lot size
4.04 Acres
Property subtype
Industrial
Listed By:
Jamie Hill
(918) 392-7206
Source:
Cbre
Added: Mar 25
Changed: Oct 25
Last Checked: Oct 28 at 5:33AM
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
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Investment Insights
Based on property information with market context.
This 21,200± SF property includes 10,800± SF of shop/service bays, a 2,400± SF showroom, 1,600± SF of first-floor office space, and 2,400± SF of climate-controlled storage. The second floor features 1,500± SF of office space, along with a 2,500± SF mezzanine storage area. The building is equipped with nine drive-in doors of varying sizes: three measuring 12’ x 14’, three at 12’ x 12’, and three at 8’ x 10’. The structure has 14’ eaves and a 17’ ridge, with 7’ panel liners and full insulation. Gas heaters are installed, and there is a shop restroom, a wash bay with a floor drain, and an exhaust fan. The property features a paved parking lot with light poles and sits on 4.04± acres with approximately 500’± of highway frontage and visibility. It is zoned Industrial Medium (IM) / Commercial General (CG).
Key Highlights
- 21,200± SF Total Space with Dedicated Shop/Service Bays, Showroom, and Office Areas
- 4.04± Acres with 500’± of Highway Frontage/Visibility**
- Multiple Drive‑In Doors: (3) 12’ x 14’, (3) 12’ x 12’, (3) 8’ x 10’
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,915
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,038,300
$2.0M
Cap Rate 7%
$1,455,929
$1.5M
Cap Rate 9%
$1,132,389
$1.1M
Market Conditions
NOI Build-Up for 21,200 SF
Gross rent
$150.1K $7.08/SF
− Vacancy
−$4.5K −$0.21/SF
EGI
$145.6K $6.87/SF
− OpEx
−$43.7K −$2.06/SF
NOI
$101.9K $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 Rate 5%
$2,038,300
Cap Rate 7%
$1,455,929
Cap Rate 9%
$1,132,389
Alternative Uses
Best Use
Flex RnD
$1.57M
$1.37M – $1.83M
NOI $109,964 @ 7.0% cap · market cap 733,093.33%
Second Best
Industrial
$1.46M
$1.27M – $1.70M
NOI $101,915 @ 7.0% cap · market cap 679,433.33%
Theoretical Best
Office A
$4.52M
$3.96M – $5.28M
NOI $316,514 @ 7.0% cap · market cap 2,110,093.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 74131, OK
2,988
Population
1,078
Households
2.8
Avg Household Size
41
Median Age
26%
College-Educated
85%
High-School Grad
9.6 sq mi
ZIP Area
311
Density / Sq Mi
$64,653
Median Household Income
$47,240
Median Earnings
$1,048
Median Rent
$188,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Flex space - 21,200 SF flex space with showroom and storage.
Where is this flex space located?
The property is located at 8300 New Sapulpa Road Tulsa, OK.
What are key features of this property?
This property features: 21,200± SF Total Space with Dedicated Shop/Service Bays, Showroom, and Office Areas; 4.04± Acres with 500’± of Highway Frontage/Visibility**; Multiple Drive‑In Doors: (3) 12’ x 14’, (3) 12’ x 12’, (3) 8’ x 10’
