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    5440 101 Ave Tulsa, OK 74146

    For Sale
    $4,200,000

    High-Demand, NNN-Leased Warehouse

    Property size:
    39,081 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 39,081-square-foot industrial property in Tulsa, Oklahoma, presents a compelling investment opportunity. Currently 100% occupied under an absolute NNN leaseback agreement with a tenant, ensuring minimal landlord responsibilities. The single-story building, constructed in 1976 and renovated in 2022, boasts 22-25 foot ceilings, five dock-high doors, and ample loading areas. The 1.55-acre lot provides convenient access to major transportation arteries, including Highway 169 and Highway 51. The property features 3,000 square feet of office/showroom space and 36,081 square feet of warehouse space, ideal for distribution or manufacturing. The asking price is $4,200,000, representing a compelling $107.47 per square foot and a 7.44% cap rate based on a Net Operating Income (NOI) of $312,480. The leaseback agreement commences May 20, 2024, for a three-year term. This Class B industrial building, zoned IL, offers a rare opportunity for investors seeking a low-management, high-return asset with strong site fundamentals. The property's central location within Tulsa and its proximity to major highways make it an attractive option for a variety of industrial uses. This is a sale-leaseback opportunity, perfect for a 1031 exchange or an investor seeking a passive income stream. The property's features include 3-phase 400 amp 240-volt power.

    Property Features for 5440 101 Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    39,081 SF
    Class
    B
    Lot Size
    67,518 SF

    Building Details

    Year Built/Renovated
    1976/2022
    Buildings
    1
    Stories
    1

    HighLights

    • Absolute NNN‑leased industrial manufacturing property; tenant is Johnstone Supply.
    • Owner‑user opportunity available after a three‑year leaseback.
    • Excellent site: 39,081 SF building on a 1.55‑acre lot.
    • Building features 3,000 SF of office space and 36,081 SF of warehouse space.
    • High ceilings (22' to 25') and ample loading: five dock‑high doors plus drive‑in doors.
    • Prime location with easy access to major roadways: Hwy 169 (137,500+ VPD) and E 61st St S (31,500+ VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.864623
    Latitude
    36.084873

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    FAQs

    What type of property is this?
    Distribution property - High-Demand, NNN-Leased Warehouse
    Where is this distribution property located?
    The property is located at 5440 101 Ave Tulsa, OK.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: Absolute NNN-leased industrial manufacturing property; tenant is Johnstone Supply.; Owner-user opportunity available after a three-year leaseback.; Excellent site: 39,081 SF building on a 1.55-acre lot.
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    5440 101 Ave Tulsa, OK 74146
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