Restaurant or Event
1 W 81st Street Tulsa, OK 74132
For Sale
$1,800,000
Commercially zoned property with on-site parking and a commercial kitchen setup, suited for restaurant or event use.
Property Size9,515 SF
Lot Size4.85 Acres
Price / SF$189.17
Days on Market10
Property Features for 1 W 81st Street
General Information
Standard status
Active
Size
9,515 SF
Lot size
4.85 Acres
Property subtype
General Commercial
Building Details
Year Built
1985
Listing Agency:
eXp Realty, LLC
(918) 574-1057
Listed By:
Nicci Atchley · License #174632
(918) 574-1057
Source:
Xome
Added: Jul 20
Changed: Jul 26
Last Checked: Jul 29 at 4:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
Investment Insights
Based on property information with market context.
This commercial property is zoned for a range of uses and includes a commercial kitchen setup along with tables, chairs, and linens. It is ready for updates and offers room to adapt the space for an operator’s needs.
The site includes 300+ car parking spaces and sits on 4.85 acres, with additional land available for development. It is located near Tulsa Hills Shopping Center, Tulsa Premium Outlet Mall, and REI Co-op Outlet stores.
The property also provides flexibility for additional development through pad site potential, supporting future expansion as permitted by zoning and approvals.
The site includes 300+ car parking spaces and sits on 4.85 acres, with additional land available for development. It is located near Tulsa Hills Shopping Center, Tulsa Premium Outlet Mall, and REI Co-op Outlet stores.
The property also provides flexibility for additional development through pad site potential, supporting future expansion as permitted by zoning and approvals.
Key Highlights
- Commercially zoned property (zoned commercial) with potential use for restaurant, church, or event center
- 4.85 acres with additional land available for development and room for pad sites
- 300+ car parking spaces on‑site
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 | $148.4k | $15.60 |
| − Vacancy | −$5.2k | −$0.55 |
| EGI | $143.2k | $15.05 |
| − OpEx | −$35.8k | −$3.76 |
| NOI | $107.4k | $11.29 |
9,515 SF · lease $15.60/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,429 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,058 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercially zoned property with on-site parking and a commercial kitchen setup, suited for restaurant or event use.
Where is this conventional restaurant located?
The property is located at 1 W 81st Street Tulsa, OK.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Commercially zoned property (zoned commercial) with potential use for restaurant, church, or event center; 4.85 acres with additional land available for development and room for pad sites; 300+ car parking spaces on‑site
