12512 21St StTulsa, OK 74129

Property Details for 12512 21St St

Year built

1983

Construction

WOOD FRAME

Lot size

0.93 AC

Property size (Sq ft)

7,904 SF

Zone code

CS

Property type

Commercial real estate

APN

03865-94-17-08780

APU

3865941708780

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $788,647

  Hospitality

  $722,396

  Educational

  $601,025

  Medical

  $621,696

  Retail

  $934,928

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Latitude

36.1329

Longitude

-95.8368

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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