Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    924 Detroit Ave Tulsa, OK 74120

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,000 SF, Flexible Space, RT 66

    Lot size:
    7,000 SF

    Property Features for 924 Detroit Ave

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,000 SF
    Total Rate
    12833.33

    Building Details

    Year Built
    1923

    Spaces For Lease

    at 924 Detroit Ave, Tulsa, OK 74120 Contact us
    Unit

    $22 /Mo

    Size
    7,000 SF
    Contact us

    We can help!

    Listing Contact
    Jonathan Belzley
    Jonathan Belzley

    Listing Agency: TYTO Realty Advisors Listing Agent: Jonathan Belzley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 7,000 square foot commercial property, located at 924 S Detroit Ave in Tulsa, OK (zip code 74120), presents a unique opportunity for a variety of businesses. Built in 1923 and situated on the original Route 66 alignment, this building boasts a prime location within the city's Central Business District (CBD) zoning. The space is currently entirely vacant and offers maximum contiguous space of 7,000 square feet, with a minimum divisible unit of 1,500 square feet, providing flexibility for various tenant needs. The high ceilings, measuring 18 feet, create a bright and spacious atmosphere ideal for creative uses. The property's versatile nature makes it suitable for a wide range of businesses, including coworking spaces, creative offices, executive suites, traditional offices, retail establishments, restaurants, or even art galleries and studios. A generous tenant improvement allowance is available, allowing for customization to perfectly suit the tenant's vision. The cross street is 10th Street, further enhancing its accessibility and visibility. This blank slate property offers immense potential for a discerning tenant seeking a prominent location in Tulsa's vibrant downtown area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.984421
    Latitude
    36.1479697

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Memorial Place

      Discover many ways to work your way in Memorial Place
      7633 63Rd Pl, Tulsa, OK 74133
      View Details
    • Contact for pricing

      Kennedy Building

      Meet, work or collaborate in our professional Sawgrass Corporate Park business center
      321 Boston Ave, Tulsa, OK 74103
      View Details
    • Contact for pricing

      Executive Tower

      Flexible workspace in Hamilton Avenue
      7136 Yale Ave, Tulsa, OK 74136
      View Details
    • Contact for pricing

      OK, Tulsa - Sheridan Road

      Discover many ways to work your way in Highland Pointe
      6666 Sheridan Rd, Tulsa, OK 74133
      View Details
    • Contact for pricing

      OK, Tulsa - S Boston

      Workspaces, services and support to help you work better in Frisco Square
      624 Boston Ave 1&, Tulsa, OK 74119
      View Details
    • Contact for pricing

      OK, Tulsa - 6100 South Yale

      Discover many ways to work your way in One Liberty Place
      6100 Tulsa, Tulsa, OK 74136
      View Details
    • $13 SF/Yr
      46,830 SF

      Bridgeport III Office Space Available

      Office spaces for lease in Bridgeport III building.
      6450 South Lewis Ave, Tulsa, OK 74136
      View Details
    • Contact for pricing
      10,586 SF

      Office Suites on Peoria Avenue

      Move-in ready and shell office suites available for lease.
      48Th St, Tulsa, OK 74105
      View Details
    • $6 SF/Yr
      460,582 SF

      Eastgate Metroplex Office Space Available

      Former mall redeveloped into mixed-use complex with ample parking.
      14002 East 21St St, Tulsa, OK 74134
      View Details
    • $13 SF/Yr
      2,400 SF

      Retail Space Near Highway 51

      Retail space with convenient highway access and nearby amenities.
      2511 E 15Th St, Tulsa, OK 74104
      View Details
    • $21 SF/Yr
      1,408 SF

      New Construction Retail Space

      New construction retail space available for lease.
      3222 E 15Th St, Tulsa, OK 74104
      View Details
    • $15 SF/Yr
      868 SF

      Office Space with Reception Area

      Office space featuring reception, offices, storage, and restroom.
      4817-4825 S Peoria Ave, Tulsa, OK 74126
      View Details

    FAQs

    What type of property is this?
    Office units - 7,000 SF, Flexible Space, RT 66
    Where is this office units located?
    The property is located at 924 Detroit Ave Tulsa, OK.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 7,000 square foot commercial space divisible to 1,500 square foot units.; Located at 924 S Detroit Ave, Tulsa, OK 74120, in the Central Business District (CBD) on original Route 66.; 18.5-foot high ceilings, open floor plan, bow truss structure.
    (918) 899-0198 Call to check price and availability
    Request Owner's contact information
    924 Detroit Ave Tulsa, OK 74120
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    924 Detroit Ave
    Tulsa, OK 74120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    924 Detroit Ave Tulsa, OK 74120
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jonathan Belzley
    Jonathan Belzley
    Real Estate License ID: 131065
    (918) 899-0198
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!