Property profile

1540 Yale Ave Tulsa, OK 74115

OFF-MARKET
Self storage facilities
21,017 SF 2.7 ac lot Built 2001
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Property summary

AI-generated overview

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

Verified
Property type Self storage facilities
Year built 2001
Total area 21,017 SF
Lot 2.7 ac (117,612 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

1540 Yale Ave Tulsa, OK 74115
Tulsa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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