Park 151 Commercial

Seven-Building Office & Retail Investment Opportunity

Address: 15085 S Elwood Ave, Glenpool, OK 74033
Property Type: Office & Retail Investment
Price: $10,500,000
Cap Rate: 7.06%
Occupancy: 100% Leased

Property Overview

Park 151 Commercial is a seven-building office and retail portfolio located in the growing suburban market of Glenpool, just south of the Tulsa metro area. Built in 2021, the property features two retail buildings totaling approximately 27,000 square feet and five office buildings that are 6,000 square feet each, creating a combined footprint of 57,000 square feet.

The property is 100% leased to 17 tenants, providing immediate and stable income. Designed with efficient layouts and quality construction, the buildings support a diverse tenant mix of small and mid-sized businesses.

Located along S. Elwood Avenue with convenient access to major transportation corridors and surrounding residential growth, Park 151 Commercial offers investors a strong combination of stable occupancy and future rental upside.

Investment Highlights

• Seven-building office and retail portfolio

• 57,000 SF total rentable space

• Built in 2021

• 100% leased with 17 tenants

• Strong in-place income with upside potential

• Flexible suite sizes that are easy to re-lease

• Located in one of the fastest-growing submarkets serving Jenks, Glenpool, and Bixby

• Strong traffic exposure near major commuter routes including U.S. Highway 75

Property Details

• Total Building Size: 57,000 SF

• Retail Buildings: 2 buildings totaling 27,000 SF

• Office Buildings: 5 buildings at 6,000 SF each

• Year Built: 2021

• Tenancy: 17 tenants

• Average Rent: $15.92/SF

• Projected Annual Income: $907,656

• Net Operating Income: $741,797

Location Overview

Park 151 Commercial is located in the expanding suburban community of Glenpool, approximately 15 miles south of Tulsa. The area benefits from steady population growth, strong household incomes, and convenient access to major employment centers.

Nearby access to U.S. Highway 75 and the Creek Turnpike provides efficient connectivity to the broader Tulsa metro area, making the property attractive to both tenants and investors.

The surrounding area continues to see residential expansion, retail development, and infrastructure investment, supporting long-term demand for well-located suburban office and retail space.