Flex Building with Loading
New
For Sale
$430,000
8302 W 51st St, Tulsa, OK 74107
An open interior, finished office area, and climate equipment support a range of commercial configurations.
Property Size3,000 SF
Price / SF$143.33
Days on Market2
Property Features for 8302 W 51st St
General Information
Standard status
Active
Size
3,000 SF
Zoning
agricultural
Site & Location
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Span
Yes
Drive-In Doors
2
Power
400 amps
Amenities
mini-split cooling units
gas heating unit
finished office/check-in area
covered front porch entry
Building Details
Year Built
2014
Buildings
1
Building Size
3,000 SF
Construction
metal
Listing Agency:
Chinowth & Cohen
Listed By:
John Gibson Miller
(918) 277-1546
Source:
Thebaynebrookgroup
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 5 at 4:56PM
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 Chinowth & Cohen
Investment Insights
Based on property information with market context.
This 3,000-square-foot metal building has spray-foam insulation, an open-span interior, reinforced concrete floors, and exposed wood trusses. Two 14-foot overhead doors provide loading access. The interior also includes two mini-split cooling units, a separate gas heater, and a finished office/check-in area. A covered porch marks the front entry.
The property is at 8302 51st St in Tulsa, just off 51st St. Zoning is agricultural, with exceptions for educational use and a farmers market. Electrical service is 400 amps; a commercial gas line is present, and water is available at the west property line. Rural water is also identified as available.
The property is at 8302 51st St in Tulsa, just off 51st St. Zoning is agricultural, with exceptions for educational use and a farmers market. Electrical service is 400 amps; a commercial gas line is present, and water is available at the west property line. Rural water is also identified as available.
Key Highlights
- Open‑span, 3,000‑square‑foot metal building with spray‑foam insulation
- Two 14‑foot overhead doors and reinforced concrete floors
- 400‑amp electrical service and commercial gas line
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,879
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,580
$577.6K
Cap Rate 7%
$412,557
$412.6K
Cap Rate 9%
$320,878
$320.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$43.2K $14.40/SF
− Vacancy
−$1.9K −$0.65/SF
EGI
$41.3K $13.75/SF
− OpEx
−$12.4K −$4.13/SF
NOI
$28.9K $9.63/SF
Area
Tulsa, OK
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,580
Cap Rate 7%
$412,557
Cap Rate 9%
$320,878
Alternative Uses
Best Use
Retail
$412.6K
$361.0K – $481.3K
NOI $28,879 @ 7.0% cap · market cap 6.72%
Second Best
Warehouse
$250.2K
$218.9K – $291.9K
NOI $17,512 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$639.9K
$559.9K – $746.5K
NOI $44,790 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74107, OK
19,453
Population
8,566
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
86%
High-School Grad
25.4 sq mi
ZIP Area
766
Density / Sq Mi
$53,098
Median Household Income
$36,274
Median Earnings
$938
Median Rent
$124,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Tulsa, OK
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Frequently Asked Questions
What type of property is this?
Flex space - An open interior, finished office area, and climate equipment support a range of commercial configurations.
Where is this flex space located?
The property is located at 8302 W 51st St Tulsa, OK.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Open‑span, 3,000‑square‑foot metal building with spray‑foam insulation; Two 14‑foot overhead doors and reinforced concrete floors; 400‑amp electrical service and commercial gas line
