Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2705 Skelly Dr Tulsa, OK 74105

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2705 Skelly Dr Tulsa, OK 74105

    View on Map
    • Office properties & Spaces
    • 46,005 SF
    • 2.93 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 2705 Skelly Dr

    Lot size
    2.93 lot acres
    Property size
    46,005 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional 46,005-square-foot executive office building presents a compelling redevelopment opportunity in a prime Tulsa location. Situated on a 2.93-acre lot (127,608 square feet) along I-44 (Skelly Drive), this property boasts unparalleled visibility and exposure to over 95,800 vehicles daily. The building is zoned OM, offering flexible usage potential. The building is comprised of three floors: 15,268 square feet on the upper level (2705 E Skelly Dr), 19,375 square feet on the middle level (2725 E Skelly Dr), and 11,362 square feet on the lower level (2745 E Skelly Dr). The asking price is $1,600,000 ($34.78 per square foot). The property benefits from convenient I-44 service road access and a newer TPO roof. A significant advantage is the existing 50+ year lease on the land at a cost of $2,000 per month. Furthermore, the location is outside of the flood zone (Zone X). This presents a rare chance to acquire a substantial commercial property with high traffic exposure and significant redevelopment potential in a thriving Tulsa market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9517
    Latitude
    36.0909

    Comparable in this City

    • Value Estimation by Request
      46,005 SF

      2705 Skelly Dr

      Office properties & Spaces • 46,005 SF
      2705 Skelly Dr, Tulsa, OK 74105
      View Details
    • Value Estimation by Request
      16,388 SF

      5272 Lewis Ave

      Office properties & Spaces • 16,388 SF
      5272 Lewis Ave, Tulsa, OK 74105
      View Details
    • Value Estimation by Request
      6,987 SF

      2230 49th St

      OFFICE BUILDING • 6,987 SF
      2230 49th St, Tulsa, OK 74105-8719
      View Details
    • Value Estimation
      $2,545,000
      17,748 SF

      3223 31st St

      MEDICAL BUILDING • 17,748 SF
      3223 31st St, Tulsa, OK 74105-2452
      View Details
    • Value Estimation by Request
      2,517 SF

      3232 31st St

      MEDICAL BUILDING • 2,517 SF
      3232 31st St, Tulsa, OK 74105-2442
      View Details
    • Value Estimation by Request
      3,666 SF

      1214 33rd St

      OFFICE BUILDING • 3,666 SF
      1214 33rd St, Tulsa, OK 74105-2018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,195 SF

      Tulsa Office Suite For Sale

      Well-appointed office suite with open layout and included utilities.
      3401 S Peoria Ave, Tulsa, OK 74105
      View Details
    • Contact for pricing
      900 SF

      Remodeled Office Space with Signage

      Remodeled full floor office space with I-44 signage opportunity.
      2816 E 51St St, Tulsa, OK 74105
      View Details
    • $795,000

      Renovated Office Building For Sale

      Well-maintained 15-unit office building in prime Tulsa location.
      5553 S Peoria Ave, Tulsa, OK 74105
      View Details
    • Contact for pricing
      46,005 SF

      Tulsa Office/Medical Redevelopment Opportunity

      46,005 SF building on 3 acres in Tulsa.
      2705 E Skelly Dr, Tulsa, OK 74105
      View Details
    • Contact for pricing
      2,700 SF

      Office Space with Easy Access

      Office space featuring ample parking and mature trees.
      2411 E Skelly Dr, Tulsa, OK 74105
      View Details
    • Contact for pricing

      4130 S Peoria Ave, Tulsa, OK 74105

      Retail space
      4130 S Peoria Ave, Tulsa, OK 74105
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      670 SF

      Professional Office and Medical Spaces

      Remodeled office and medical spaces with abundant parking in Tulsa.
      2840 E 51St St, Tulsa, OK 74105
      View Details
    • Contact for pricing
      542 SF

      Central Tulsa Office Space Available

      Office spaces for rent in central Tulsa location.
      3015 E Skelly Dr, Tulsa, OK 74105
      View Details
    • Contact for pricing
      3,322 SF

      Retail and Office Suites Available

      Multiple suites available for lease, suitable for retail or office.
      3737 S Peoria Ave, Tulsa, OK 74105
      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
    • Contact for pricing
      773 SF

      Modern Office Space For Rent

      New office space with private offices and reception area.
      3150 E 41St St, Tulsa, OK 74105
      View Details
    • $15 SF/Yr
      3,630 SF

      Tulsa Office Space For Rent

      Office space available for lease in Tulsa, Oklahoma.
      5727 S Lewis Ave, Tulsa, OK 74105
      View Details
    Request Owner's contact information
    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.
    2705 Skelly Dr
    Tulsa, OK 74105
    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
    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

    Thank You for Inquiry

    2705 Skelly Dr, Tulsa, OK, 74105

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!