Private Office
For Sale
Contact for pricing
9225 S Toledo Ave, Tulsa, OK 74137
Constructed in 2006, this office building includes nine private offices, reception, restrooms, and a breakroom with wet bars.
Property Size2,232 SF
Price / SF$291.22
Days on Market117
Property Features for 9225 S Toledo Ave
General Information
Standard status
Active
Size
2,232 SF
Class
B
Total Parking Spaces
15
Property subtype
Office
Investment Type
Owner/User
Additional Details
Office Units
9
Building Details
Year Built
2006
Stories
1
Listing Agency:
Equitas Realty Advisors
Listed By:
Marco Placencia, CCIM · License #OK 110631
(918) 280-9900
Source:
Crexi
Added: May 11
Changed: Aug 27
Last Checked: Sep 3 at 12:38PM
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 Equitas Realty Advisors
Investment Insights
Based on property information with market context.
This high-quality office building was constructed in 2006 as a one-owner property. The layout includes nine private offices, a reception area with a staff work area, two restrooms, and a breakroom. Additional interior features include wet bars in the breakroom and in one office, along with two closets, including a mop sink in the west closet. Plumbing is accessible in other offices, and the building is set on a post tension slab.
The property is located within the Ashton Creek Office Park and described as conveniently situated for office use.
Overall, the building provides a self-contained office configuration with dedicated private offices, common reception and restroom facilities, and breakroom amenities.
The property is located within the Ashton Creek Office Park and described as conveniently situated for office use.
Overall, the building provides a self-contained office configuration with dedicated private offices, common reception and restroom facilities, and breakroom amenities.
Key Highlights
- Office building constructed in 2006 as a one‑owner building
- Layout includes 9 private offices plus a reception area with staff work area
- Two restrooms, a breakroom, and two closets
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,985
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,700
$579.7K
Cap Rate 7%
$414,071
$414.1K
Cap Rate 9%
$322,056
$322.1K
Market Conditions
NOI Build-Up for 2,232 SF
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.
Gross rent
$44.7K $20.04/SF
− Vacancy
−$6.1K −$2.73/SF
EGI
$38.6K $17.31/SF
− OpEx
−$9.7K −$4.33/SF
NOI
$29.0K $12.99/SF
Area
ZIP 74137
Vacancy
13.60%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,700
Cap Rate 7%
$414,071
Cap Rate 9%
$322,056
Alternative Uses
Best Use
Office B
$414.1K
$362.3K – $483.1K
NOI $28,985 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.0K
$423.5K – $564.7K
NOI $33,879 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Office units
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 74137, OK
28,354
Population
12,402
Households
2.3
Avg Household Size
42
Median Age
60%
College-Educated
96%
High-School Grad
10.4 sq mi
ZIP Area
2,726
Density / Sq Mi
$103,963
Median Household Income
$54,307
Median Earnings
$1,133
Median Rent
$384,500
Median Home Value
Market
Vacancy Rate% for Office in Tulsa, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Constructed in 2006, this office building includes nine private offices, reception, restrooms, and a breakroom with wet bars.
Where is this office building located?
The property is located at 9225 S Toledo Ave Tulsa, OK.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Office building constructed in 2006 as a one‑owner building; Layout includes 9 private offices plus a reception area with staff work area; Two restrooms, a breakroom, and two closets
