12512 21St StTulsa, OK 74129

For Sale
$1,684,303
7,992 SF Office, 7.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
126
This 7,992 square foot Class B office building, constructed in 1983, presents a compelling investment opportunity in Tulsa, Oklahoma. Located at 12512 E 21st St, this property sits on a 0.93-acre lot at a high-traffic intersection, boasting over 16,000 vehicles daily. Its prime East Tulsa location offers easy access to I-44 and I-244, serving a substantial market with over 27,000 households within a three-mile radius. The building features modern office finishes and significant signage potential. The asking price is $1,684,303, representing a price per square foot of $210.75 and a 7.25% capitalization rate. The property's Net Operating Income (NOI) is $122,112. A potential 10-year sale-leaseback option with the current owner leasing back a portion of the space is available. This property is ideal for both investors seeking strong returns and owner-users looking for a strategic location with high visibility. The property's zoning and specific lease terms are available upon request. This is a rare opportunity to acquire a well-located, income-producing asset in a thriving Tulsa submarket.

Highlights

  • Modern office space with high-quality finishes.
  • Excellent investment opportunity, suitable for owner-occupancy.
  • High-visibility signage potential.
  • Strategically located in the East Tulsa submarket.
  • High traffic count exceeding 16,000 vehicles daily on E 21st Street.
  • Strong demographics with over 27,000 households within a 3-mile radius.

Property Details for 12512 21St St

Property type
Office properties, Office buildings
Square Feet
7,992 SF
Class
B
Year Built
1983
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Tulsa
County
Tulsa
State
Oklahoma
Latitude
36.1330172
Longitude
-95.8367676
12512 21St St, Tulsa, Oklahoma

FAQs

What type of property is this?
Office property - 7,992 SF Office, 7.25% Cap Rate
Where is the office property located?
The property is located at 12512 21St St Tulsa, OK.
What is the asking price?
The asking price for this property is $1,684,303.
What are key features of this property?
This property features: Modern office space with high-quality finishes.; Excellent investment opportunity, suitable for owner-occupancy.; High-visibility signage potential.
How can I contact the broker?
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12512 21St St
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