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524 W Iola St 4,800 SF Office Building Broken Arrow, OK 74012 $1,250,000 ($260.42/SF) 6.57% Cap Rate
Executive Summary
524 W Iola St. Located in Broken Arrows Rose District. Located at 71st and Elm between QT and Seiling Park. can be bought with 504 W Iola St or Sold Separately. The 524 Building is a 4800 SF Pre-Engineered Steel Building built in 2020. The 524 Building is Leased to Advanced Orthopedics Of Oklahoma. Year 1 (6/2025) of a 3yr Lease Renewal (6/2028). The 524 Lease is a Modified Net Lease. $1,250,000.00 ($260.00 PSF)
504 W Iola St.,(See Loopnet Listing) This is a Modified Net Lease. Tenant is Golden Steps ABA. Year 2 (2/2024) of a 10 Year Lease (4/2034). The 504 Building is a 4800SF Pre-Engineered Steel Building built in 2022. $1,250,000.00 ($260.00 PSF)
527 W EL Paso (See Loopnet Listing) is available separately or bought together with the Iola property package. EL Paso is located in Broken Arrow's Rose District with Elm Street frontage. The EL Paso Building is Under Construction and is expected to Complete 1/2026. The building consists of 4000 SF Pre-Engineered Steel Building (Clear-Span) Brick Veneer. $1,090,000.00 ($260.00 PSF)
504 W Iola St.,(See Loopnet Listing) This is a Modified Net Lease. Tenant is Golden Steps ABA. Year 2 (2/2024) of a 10 Year Lease (4/2034). The 504 Building is a 4800SF Pre-Engineered Steel Building built in 2022. $1,250,000.00 ($260.00 PSF)
527 W EL Paso (See Loopnet Listing) is available separately or bought together with the Iola property package. EL Paso is located in Broken Arrow's Rose District with Elm Street frontage. The EL Paso Building is Under Construction and is expected to Complete 1/2026. The building consists of 4000 SF Pre-Engineered Steel Building (Clear-Span) Brick Veneer. $1,090,000.00 ($260.00 PSF)
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$108,312
|
$22.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,312
|
$22.57
|
| Taxes |
$13,572
|
$2.83
|
| Operating Expenses |
$26,024
|
$5.42
|
| Total Expenses |
$39,596
|
$8.25
|
| Net Operating Income |
$68,716
|
$14.32
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $108,312 |
| Annual Per SF | $22.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $108,312 |
| Annual Per SF | $22.57 |
| Taxes | |
|---|---|
| Annual | $13,572 |
| Annual Per SF | $2.83 |
| Operating Expenses | |
|---|---|
| Annual | $26,024 |
| Annual Per SF | $5.42 |
| Total Expenses | |
|---|---|
| Annual | $39,596 |
| Annual Per SF | $8.25 |
| Net Operating Income | |
|---|---|
| Annual | $68,716 |
| Annual Per SF | $14.32 |
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Building Size
4,800 SF
Building Class
B
Year Built
2020
Price
$1,250,000
Price Per SF
$260.42
Cap Rate
6.57%
NOI
$82,108
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,800 SF
Building FAR
0.23
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
CN - COMMERCIAL
Parking
17 Spaces (3.54 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Storage Space
- Partitioned Offices
- Drop Ceiling
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
Advanced Orthopedics of Oklahoma formed in 2017 after the merger of Central States Orthopedics and Eastern Oklahoma Orthopedic Center, bringing together a long-running orthopedic presence in Tulsa. The company focuses on fellowship-trained orthopedic and sports medicine care, with services that include joint replacement, spine, hand, foot, and sports injury treatment, plus orthopedic urgent care and rehabilitation support. Advanced Orthopedics of Oklahoma also provides on-site support such as bone health care, a pharmacy, and telemedicine appointments, reflecting a broader outpatient model for diagnosis, treatment, and recovery.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 80610-84-11-13800 | Total Assessment | $105,488 |
| Land Assessment | $12,862 | Annual Taxes | $13,572 ($2.83/SF) |
| Improvements Assessment | $92,626 | Tax Year | 2025 |
Property Taxes
Parcel Number
80610-84-11-13800
Land Assessment
$12,862
Improvements Assessment
$92,626
Total Assessment
$105,488
Annual Taxes
$13,572 ($2.83/SF)
Tax Year
2025
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524 W Iola St