Property summary
This exceptional 21,017-square-foot self-storage facility in Tulsa, OK, presents a compelling investment opportunity. Boasting 205 units (133 non-climate-controlled, 72 climate-controlled), two covered and 68 uncovered parking spaces, and two leased residential units, the property is situated on 2.7 acres at 1540 N Yale Ave, Tulsa, OK 74115. Built in 2001, the facility comprises ten buildings with metal standing seam roofs, a leasing office connected to a 1,000-square-foot manager's residence, perimeter fencing and lighting, a key-pad gate system, 24-hour camera surveillance, and automated remote leasing technology. Currently operating at 91% occupancy, the property offers significant upside potential. Approximately 36% of tenants are below current market rates, presenting immediate opportunities to increase revenue. Further expansion is possible by converting uncovered parking spaces into additional storage units. The property enjoys a prime location with no competitors within a one-mile radius, and benefits from Tulsa's robust economic growth, including major investments in solar energy manufacturing and theme park development. The asking price is $2,500,000, representing a compelling $118.95 per square foot and an 8.11% cap rate. Projections indicate potential for increased returns in subsequent years. This is a rare opportunity to acquire a stabilized, high-performing asset with substantial value-add potential in a thriving market.
Property profile
VerifiedCap rate & NOI
Current use
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Storage Facility
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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