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    Spacious Office with Multiple Offices Title is generated by Realmo AI

    8740 E 11th St, Tulsa, OK

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    Office space featuring multiple offices, meeting spaces, and shared amenities.

    Type:OFFICE
    Property size:
    4,100 SF
    Lot size:
    0.94 Acres
    Price / SF:
    $170/SF
    Added:
    Oct 29, 2024
    Days on Market:
    603
    Last Refresh:
    May 19 at 10:31 pm

    Property Features for 8740 E 11th St

    General Information

    Standard status
    Active
    Size
    4,100 SF
    Lot size
    0.94 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Lee M Cohen

    Listing agent Lee M Cohen

    Listing office Chinowth & Cohen - South Tulsa

    Listing date Oct 29, 2024

    Source Moodyscre

    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 - South Tulsa

    HighLights

    • 15 Offices/Meeting Spaces available
    • Welcoming Reception Area
    • Shared Conference Room for collaborative meetings
    • Good Condition
    • Storage Closets
    • Zoning: CS

    Overview

    This office space offers a reception area and fifteen offices or meeting spaces. Storage closets and a copier room are available. The property is zoned CS and is in good condition. Shared spaces include single and multi-stall restrooms, a conference room, and a staff lounge. The property size is 4,100 square feet.

    Local Financial Insights For Office B

    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 $73.8k $18.00
    − Vacancy −$10.7k −$2.61
    EGI $63.1k $15.39
    − OpEx −$15.8k −$3.85
    NOI $47.3k $11.54
    4,100 SF · lease $18.00/SF/yr · vacancy 14.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $676.1K
    $591.6K – $788.7K (±1% cap)
    NOI $47,324 @ 7.0% cap · market cap 6.77%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $874.5K
    $765.2K – $1.02M (±1% cap)
    NOI $61,213 @ 7.0% cap · market cap 8.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horizon Enterprises and Healthcare ... Employment Agency RNRickesha Physician TSHA Inc Charitable Organization DRS- VR Hearing ... Social Service Agency Oklahoma Association of the Deaf Association / Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.8785
    Latitude
    36.1475

    FAQs

    What type of property is this?
    Office units - Office space featuring multiple offices, meeting spaces, and shared amenities.
    Where is this office units located?
    The property is located at 8740 E 11th St Tulsa, OK.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 15 Offices/Meeting Spaces available; Welcoming Reception Area; Shared Conference Room for collaborative meetings
    (918) 392-0900 Call to check price and availability
    More about this property
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