Building Details

Tenancy Multi

Listing Agency: Keller Williams Preferred a***@kw.com Show Phone

Listed By: Brian Frere · License #139098 Show Phone

Source: Exprealty

Added: Mar 31 Changed: Oct 25 Last Checked: Oct 26 at 5:24PM

Report an Issue

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 Keller Williams Preferred

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This Class A garage condo is fully insulated and designed for premium storage and flex use, with accommodations that can support collectible autos, RVs, boats, and other high-value items. The unit measures 25' wide by 96' deep (2,400 sq ft) and includes a 16' overhead door, a pedestrian door, LED lighting, dedicated RV outlets, and a separately metered electric service. Utility and connectivity hookups include water/sewer connections and internet and cable access, providing a practical foundation for a hobby space or business setup.

The development offers gated and fenced access with 24/7 security monitoring and wide drive aisles (approximately 68') for maneuverability. The property is located just off Hwy 75, with drive times of about 10 minutes to Tulsa Hills, 15 minutes to South Tulsa, and 20 minutes to downtown Tulsa.

Ownership includes a flexible layout that can be customized by the buyer, with options noted for mezzanines, HVAC systems, epoxy flooring, and built-in cabinetry.

Key Highlights

• 2,400 SF Class A garage condo, 25' wide and 96' deep with a 16' overhead door
• Fully insulated unit with separately metered electric service
• Dedicated RV outlets plus water/sewer connections and LED lighting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,624

Cap Rate

6.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$412,480 $412.5K

Cap Rate 7%

$294,629 $294.6K

Cap Rate 9%

$229,156 $229.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$31.7K $13.20/SF

− Vacancy

−$2.2K −$0.92/SF

EGI

$29.5K $12.28/SF

− OpEx

−$8.8K −$3.68/SF

NOI

$20.6K $8.59/SF

Area

Tulsa County, OK

Vacancy

7.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$412,480

Cap Rate 7%

$294,629

Cap Rate 9%

$229,156

Alternative Uses

Best Use

Self Storage

$294.6K

$257.8K – $343.7K (±1% cap)

NOI $20,624 @ 7.0% cap · market cap 6.87%

Second Best

Warehouse

$221.6K

$193.9K – $258.6K (±1% cap)

NOI $15,514 @ 7.0% cap · market cap 5.17%

Theoretical Best

Office A

$540.9K

$473.3K – $631.1K (±1% cap)

NOI $37,863 @ 7.0% cap · market cap 12.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Multi-tenant

Tenancy

Yes

Fenced yard

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

325

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 74033, OK

13,254

Population

4,868

Households

2.7

Avg Household Size

34

Median Age

25%

College-Educated

91%

High-School Grad

12.3 sq mi

ZIP Area

1,078

Density / Sq Mi

$77,306

Median Household Income

$43,382

Median Earnings

$1,292

Median Rent

$194,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Class A Flex Garage Condo

16571 S Broadway Street W C18, Glenpool, OK 74033

$300,000

2,400 SF

View details

Fenced Flex Building with Yard Storage

522 West 138th Street South, Glenpool, OK 74033

$840,000

5,000 SF

View details

Insulated Flex Garage Condo

C10-16571 S Broadway St, Glenpool, OK 74033

$126,000

900 SF

View details

Flex Building with Yard Storage

552 W 138th St, Glenpool, OK 74033

Contact for pricing

5,000 SF

View details

Glenpool Commercial Property For Sale

13802 S Union Place, Glenpool, OK 74033

Contact for pricing

6,750 SF

View details

Specialty Property Off S Elwood

006 S Elwood Avenue, Glenpool, OK 74033

$442,029

View details

Glenpool Office and Retail Portfolio

15085 S Elwood Ave, Glenpool, OK 74033

Contact for pricing

33,000 SF

View details

Specialty Property Near School

14692 S College St, Glenpool, OK 74033

$99,000

0.32 Acres

View details

Frequently Asked Questions

What type of property is this?

Flex space - Insulated garage condo with a 16' overhead door, separately metered electric, and dedicated RV outlets.

Where is this flex space located?

The property is located at C18-16571 S Broadway St Glenpool, OK.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: 2,400 SF Class A garage condo, 25' wide and 96' deep with a 16' overhead door; Fully insulated unit with separately metered electric service; Dedicated RV outlets plus water/sewer connections and LED lighting