Turn-Key BBQ Restaurant
601 S Sheridan Road Tulsa, OK 74112
For Sale
$225,000
COMMERCIAL - Tulsa, OK
Property Size1,200 SF
Lot Size0.19 Acres
Price / SF$187.50
Days on Market302
Property Features for 601 S Sheridan Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CS
Interior features
Attic Exhaust Fan, Cable TV Wired, Floored Attic, Public Restrooms, Smoke Detector
Exterior features
Pole Sign, Sidewalk
Fencing
Privacy
Standard status
Active
APN
37800-93-02-10760
Size
1,200 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot 11 Blk 13, Sheridan Hills
Tax Annual Amount
1852
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1965
Flooring type
Concrete, Tile
Building materials
Concrete
Roof type
Composition
Listing Agency:
Keller Williams Realty
(918) 766-0001
Listed By:
Tanner Gregory · License #208763
(918) 766-0001
Added: Sep 29, 2025
Changed: Jul 6
Last Checked: Jul 27 at 7:06PM
MLS# 2540099
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant building is currently operating as Leon's BBQ and is being sold with the business equipment included, excluding the decor. The property is presented as a turn-key setup for an operator looking to take over the existing concept or adapt the space to a new restaurant use. A number of key items are addressed in the improvements, including a roof estimated to be 12 years old and a smoker purchased approximately six months ago.
The building sits on a high-traffic intersection and offers signage, supporting visibility for walk-in and pass-by customers. The property is located at 601 S Sheridan Road in Tulsa, Oklahoma, within a CS zoning designation.
For tenants, buyers, or restaurateurs evaluating an existing buildout, the included equipment reduces upfront start-up needs and can support continuity of operations. Alternatively, the space can serve as a foundation for a refreshed concept, leveraging the restaurant configuration and recent investment in the smoker. Interested parties should review the available equipment list and confirm which operational components are included versus excluded items such as decor before moving forward.
The building sits on a high-traffic intersection and offers signage, supporting visibility for walk-in and pass-by customers. The property is located at 601 S Sheridan Road in Tulsa, Oklahoma, within a CS zoning designation.
For tenants, buyers, or restaurateurs evaluating an existing buildout, the included equipment reduces upfront start-up needs and can support continuity of operations. Alternatively, the space can serve as a foundation for a refreshed concept, leveraging the restaurant configuration and recent investment in the smoker. Interested parties should review the available equipment list and confirm which operational components are included versus excluded items such as decor before moving forward.
Key Highlights
- Restaurant building known as Leon's BBQ in Tulsa
- Includes equipment with the sale, excluding decor
- Located on a high‑traffic intersection with signage and a pole sign
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.7k | $15.60 |
| − Vacancy | −$655 | −$0.55 |
| EGI | $18.1k | $15.05 |
| − OpEx | −$4.5k | −$3.76 |
| NOI | $13.5k | $11.29 |
1,200 SF · lease $15.60/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$193.6K
$169.4K – $225.8K
NOI $13,549 @ 7.0% cap · market cap 6.02%
Second Best
Retail
$165.0K
$144.4K – $192.5K
NOI $11,552 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$255.9K
$224.0K – $298.6K
NOI $17,916 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale restaurant building with included equipment and a recently purchased smoker, positioned on a high-traffic intersection.
Where is this conventional restaurant located?
The property is located at 601 S Sheridan Road Tulsa, OK.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Restaurant building known as Leon's BBQ in Tulsa; Includes equipment with the sale, excluding decor; Located on a high‑traffic intersection with signage and a pole sign
