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    Institutional Campus with Gymnasium Title is generated by Realmo AI

    8730 E Skelly Drive, Tulsa, OK 74129

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    For Sale
    $1,900,000

    COMMERCIAL - Tulsa, OK

    Property size:
    34,158 SF
    Lot size:
    6.31 Acres
    Price / SF:
    $55/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 8:06 pm

    Property Features for 8730 E Skelly Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    RS2 / RS3
    Interior features
    9' Ceiling Height, High Speed Internet, Mini-Kitchen, Public Restrooms, Suspended Ceiling, Vaulted Ceiling
    Exterior features
    Lighting, Pole Sign, Sidewalk, Storage
    Fencing
    Chain Link
    Standard status
    Active
    Size
    34,158 SF
    Lot size
    6.31 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BEG NEC NE SW TH W60 TO SE R/W SKELLY DR THSW325.69 SW320.44 TH S159.64 E568.76 N556 POB LESSBEG NWC TH S159.64 E50 N203.70 SW66.59 POB FOR STSEC 13 19 13 4.887ACS AND LT1 LESS BEG SECR TH W518.65 N4.20 E518.64 S2.72 POB BLK 1

    Utilities

    Heating system
    Zoned, Central
    Cooling system
    Zoned, Central Air

    Building Details

    Year built
    1967
    Flooring type
    Concrete, Laminate, Carpet, Tile
    Building materials
    Brick
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Sandra Sorber

    Listing agent Sandra Sorber License #183749

    Listing office Keller Williams Premier 2002 S Hwy 66, Claremore, OK

    Listing date Jun 5, 2026

    MLS# 2620624

    Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approx. 34,158+/- SF improvements on approx. 6.31+/- acres with 500+ ft of frontage along Skelly Drive
    • Large sanctuary/assembly area plus full‑size gymnasium and fellowship hall
    • Campus includes numerous classrooms, administrative offices, meeting and conference rooms, and a kitchen/serving area
    • 8 public restrooms; interior features include 9' ceiling height, vaulted ceilings, mini‑kitchen, and high‑speed internet
    • Extensive paved parking and side features including sidewalks, lighting, and on‑site storage; chain‑link fencing
    • Gymnasium addition built in 2001 with fire suppression systems, full climate control, and electronic security

    Overview

    This for-sale institutional campus is designed to support large-group programming across multiple spaces. The property includes a large sanctuary/assembly area, a full-size gymnasium, a fellowship hall, numerous classrooms, administrative offices, meeting and conference rooms, and a kitchen and serving area. Additional improvements include storage areas, eight restrooms, and extensive paved parking, along with a full-size basketball court previously used for professional team practice and training.

    The campus is located along Skelly Drive and offers more than 500 feet of frontage, supporting strong visibility and prominent signage opportunities. Interstate 44 access is described as convenient, which can be helpful for school, childcare, athletic, and community visitors.

    With a flexible floor plan, the campus has been positioned for schools, childcare, recreation, ministry, nonprofit, and community-based organizations. The gymnasium addition was constructed in 2001 and is described as having fire suppression systems, full climate control, and electronic security. Previously approved by the Oklahoma Department of Human Services for childcare operations, the facility includes space that has been used for nursery-age children. Buyers should verify zoning, permitted uses, and any approvals required for their intended operation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Good Shepherd Lutheran ... Church Troop 126 Tulsa Child Welfare Organization Ellemnopy Preschool and Playhouse Daycare Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.8785384
    Latitude
    36.1245168

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    FAQs

    What type of property is this?
    Church & religious facility - Multi-building institutional campus with sanctuary, full-size gymnasium, classrooms, and extensive paved parking for community uses.
    Where is this church & religious facility located?
    The property is located at 8730 E Skelly Drive Tulsa, OK.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Approx. 34,158+/- SF improvements on approx. 6.31+/- acres with 500+ ft of frontage along Skelly Drive; Large sanctuary/assembly area plus full‑size gymnasium and fellowship hall; Campus includes numerous classrooms, administrative offices, meeting and conference rooms, and a kitchen/serving area
    (918) 283-2252
    We can help!
    Listing Contact
    Sandra Sorber
    Real Estate License ID: 183749
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    8730 E Skelly Drive, Tulsa, OK 74129
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