Retail Warehouse Campus with
851 S Sheridan Rd Tulsa, OK 74112
851 S Sheridan Rd, Tulsa, OK, 74112
$2,500,000
For Sale
$2,500,000
Two steel showroom buildings plus a paved parking lot offer docked loading and CS zoning along Sheridan Road.
Property Size36,192 SF
Price / SF$69.08
Days on Market21
Property Features for 851 S Sheridan Rd
General Information
- Standard status
- Active
- Size
- 36,192 SF
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1976
Listing agency
San Diego Office
(858) 373-3140
Listed by
Peter Eltaeb · License #License(s): CA: 02143936
(858) 373-3140
Source
Marcusmillichap
Added: Jul 3 Updated: Jul 22 at 10:34PM Checked: Jul 22 at 10:34PM
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 San Diego Office
Investment Insights
Based on property information with market context.
This sale offering consists of a retail and warehouse campus totaling 36,192 square feet, featuring two steel-construction showroom buildings and a separate 0.49-acre paved parking lot, all delivered together. The main showroom building is two stories and contains approximately 24,000 square feet (about 12,000 square feet per floor). A secondary showroom building adds approximately 12,192 square feet. Both improvements were originally built in 1976 and renovated in 2007, and the property includes one dock for loading.
The site is zoned CS (Commercial Shopping), supporting a broad range of retail and service uses. The campus is located with prominent frontage along Sheridan Road and offers ample on-site parking. The current occupant is Snow’s Furniture, with the ownership expected to vacate upon sale, delivering a fully available campus at close.
Offered as a clean, fully available owner-user or investor acquisition, the property provides multiple showroom spaces within a docked retail/warehouse configuration and a dedicated paved parking area on-site.
The site is zoned CS (Commercial Shopping), supporting a broad range of retail and service uses. The campus is located with prominent frontage along Sheridan Road and offers ample on-site parking. The current occupant is Snow’s Furniture, with the ownership expected to vacate upon sale, delivering a fully available campus at close.
Offered as a clean, fully available owner-user or investor acquisition, the property provides multiple showroom spaces within a docked retail/warehouse configuration and a dedicated paved parking area on-site.
Key Highlights
- 36,192 SF retail and warehouse campus in central Tulsa, OK, offered with two steel showroom buildings plus a separate 0.49‑acre paved parking lot
- Main showroom is a two‑story 24,000 SF building (~12,000 SF per floor) with one dock for loading
- Secondary showroom building offers 12,192 SF of additional space
Local Financial Insights For Warehouse
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 | $256.2k | $7.08 |
| − Vacancy | −$7.7k | −$0.21 |
| EGI | $248.6k | $6.87 |
| − OpEx | −$37.3k | −$1.03 |
| NOI | $211.3k | $5.84 |
36,192 SF · lease $7.08/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$4.98M
$4.35M – $5.81M
NOI $348,399 @ 7.0% cap · market cap 13.94%
Second Best
Warehouse
$3.02M
$2.64M – $3.52M
NOI $211,269 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$7.72M
$6.75M – $9.01M
NOI $540,344 @ 7.0% cap · market cap 21.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Snows Furniture
Furniture & Home Goods
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two steel showroom buildings plus a paved parking lot offer docked loading and CS zoning along Sheridan Road.
Where is this flex space located?
The property is located at 851 S Sheridan Rd Tulsa, OK.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 36,192 SF retail and warehouse campus in central Tulsa, OK, offered with two steel showroom buildings plus a separate 0.49‑acre paved parking lot; Main showroom is a two‑story 24,000 SF building (~12,000 SF per floor) with one dock for loading; Secondary showroom building offers 12,192 SF of additional space
