1120 Boston AveTulsa, OK 74119

  • Office buildings
  • 11,190 SF
For Lease
$11.50/SF/YR View listing

Property Details for 1120 Boston Ave

Year built
1980
Construction
WOOD FRAME
Lot size
0.11 AC
Property size (Sq ft)
11,190 SF
Zone code
CBD
Property type
Office buildings
APN
00500-92-12-44730
APU
500921244730

Description

This exceptional executive office space in Tulsa's central business district offers two contiguous suites totaling 11,190 square feet, with a minimum divisible space of 3,300 square feet. Located in a historic building beautifully renovated in 1998, the property boasts modern office finishes and numerous desirable amenities. The suites are situated on the second and third floors and are easily accessible via elevator. On-site parking is plentiful, with 26 spaces available, plus additional off-street options. Tenants enjoy free use of a large meeting room equipped with audio-visual capabilities and a full kitchen, perfect for collaborative work and client presentations. The building offers prominent signage opportunities for larger tenants. The property benefits from local ownership and is fully sprinklered for enhanced safety. Recent improvements include a newly repainted exterior, and an asphalt parking overlay is planned. This prime location offers excellent access to the IDL and major highways like US 51 and US 75, ensuring convenient commutes for employees and clients. Building improvements are considered. This is an unparalleled opportunity to secure prestigious office space in a thriving Tulsa location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,511,605
    6.5%
    $1,395,328
    7%
    $1,295,661
  • Comparable approach

    Method
    Valuation
    Relative Method
    $800,421
    Geo Method
    $800,421
  • Alternative Use

    Use
    Valuation
    Residential
    $1,730,206
    Hospitality
    $1,584,859
    Educational
    $1,318,584
    Medical
    $1,363,933
    Retail
    $2,051,131

Location Insight

City
Tulsa
County
Tulsa
State
Oklahoma
Latitude
36.1454
Longitude
-95.9857
CBSA code
46140
CBSA name
TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,500
$5,500
$65,263
$70,763
-
$50,000
$593,300
$643,300

FAQs

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