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300-1100 Riverwalk Ter Jenks, OK 74037
Sponsored
For Lease
$14 SF/Yr
Jenks, OK: Prime Riverfront Location
Lot size:
39,648 SF
Description
Added:
Dec 11, 2024
Days on Market:
414
This exceptional Jenks, Oklahoma property, located at 300-1100 Riverwalk, offers 39,648 square feet of versatile commercial space. Currently fully vacant, this six-building complex boasts a variety of office options, including creative, medical, executive, traditional, and coworking spaces, along with retail opportunities. Built in 2004 and extensively renovated in 2023, the property features 40 suites, ranging from a minimum of 1,401 square feet to a maximum contiguous space of 13,387 square feet. The two-story buildings provide ample space for various business needs. With convenient access to Aquarium Drive and situated in the River District submarket, the location benefits from high visibility and proximity to popular attractions such as the Oklahoma Aquarium, Simon Premium Outlets, and Camp Pickle. The property includes 1300 parking spaces and after-hours security, ensuring convenience and safety for tenants and their clients. The zoning is RTC - Commercial Ordinance, and the Tulsa County property is situated along the scenic Arkansas River. This prime location is already home to established businesses including Burn Co, Burn Bootcamp, Melting Pot, Marble Slab Creamery, Andolinis, and Los Cabos, creating a vibrant and thriving commercial environment. The property's modern amenities and desirable location make it an ideal investment opportunity for a variety of businesses. The APN is 60835-83-19-29090, and the zip code is 74037.
Property Features for 300-1100 Riverwalk Ter
General Information
Property type
Coworking space
Lease Type
Gross Lease
RSF (Rentable sq. ft)
39,648 SF
Total Rate
46256
Building Details
Year Built/Renovated
2004/2023
Buildings
6
Stories
2
Unit(s) available at that property
Space
Building 300 Suite 220
Size
1,409 SF
Rate per SF
$18
Space
Building 300 Suite 250
Size
660 SF
Rate per SF
$18
Space
Bldg 400 Suite 120
Size
1,921 SF
Rate per SF
$18
Space
Building 1100 Suite 100
Size
13,387 SF
Rate per SF
$14
Space
Building 400 Suite 200
Size
2,397 SF
Rate per SF
$18
Space
Building 500 Suite 150
Size
1,401 SF
Rate per SF
$18
Space
Building 400 Suite 210
Size
1,015 SF
Rate per SF
$18
Space
BLDG 300 Suite 210
Size
495 SF
Rate per SF
$18
Space
Bldg 400 Suite 180
Size
5,832 SF
Rate per SF
$20
Space
Bldg 400 Suite Suite 100
Size
3,745 SF
Rate per SF
$18
Space
Building 500 Suite 115
Size
1,401 SF
Rate per SF
$18
Space
Building 500 Suite 155
Size
1,401 SF
Rate per SF
$18
Space
Building 400 Suite 240
Size
440 SF
Rate per SF
$18
Space
Building 400 Suite 160
Size
2,829 SF
Rate per SF
$18
Space
Building 1000 Suite 140
Size
8,096 SF
Rate per SF
$14
We can help!
Listing Contact
Matthew C. Mardis
Learn more
HighLights
Retail Space: 495 SF (Bldg 300, Suite 210), $18/SF + $6.89 NNN (inline); $20/SF + $6.89 NNN (end cap).
1,409 SF (Bldg 300, Suite 220), $18/SF + $6.89 NNN (inline); $20/SF + $6.89 NNN (end cap).
2,664 SF (Bldg 300, Suite 260), $18/SF + $6.89 NNN (inline); $20/SF + $6.89 NNN (end cap).
3,745 SF (Bldg 400, Suite 100), $18/SF + $6.89 NNN (inline); $20/SF + $6.89 NNN (end cap).
1,921 SF (Bldg 400, Suite 120), $18/SF + $6.89 NNN (inline); $20/SF + $6.89 NNN (end cap).
2,829 SF (Bldg 400, Suite 160), $18/SF + $6.89 NNN (inline); $20/SF + $6.89 NNN (end cap).
Coworking space - Jenks, OK: Prime Riverfront Location
Where is this coworking space located?
The property is located at 300-1100 Riverwalk Ter Jenks, OK.
What is the lease rate?
The lease rate is $14-$20 SF/Yr.
What are key features of this property?
This property features: Retail Space: 495 SF (Bldg 300, Suite 210), $18/SF + $6.89 NNN (inline); $20/SF + $6.89 NNN (end cap).; 1,409 SF (Bldg 300, Suite 220), $18/SF + $6.89 NNN (inline); $20/SF + $6.89 NNN (end cap).; 2,664 SF (Bldg 300, Suite 260), $18/SF + $6.89 NNN (inline); $20/SF + $6.89 NNN (end cap).
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300-1100 Riverwalk Ter Jenks, OK 74037
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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.
More about this property
300-1100 Riverwalk Ter Jenks, OK 74037
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300-1100 Riverwalk Ter, Jenks, OK
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300-1100 Riverwalk Ter, Jenks, OK
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Matthew C. Mardis
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