Restaurant or Event
For Sale
$1,800,000
1 W 81st St, Tulsa, OK 74132
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 Market96
Property Features for 1 W 81st St
General Information
Standard status
Active
Size
9,515 SF
Total Parking Spaces
300
Lot size
4.85 Acres
Site & Location
Neighborhood
Star Coalition
Building Details
Year Built
1985
Listing Agency:
eXp Realty, LLC
Listed By:
Nicci Atchley · License #174632
(918) 574-1057
Source:
Alloverok
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 7 at 4:00PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$107,429
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,148,580
$2.1M
Cap Rate 7%
$1,534,700
$1.5M
Cap Rate 9%
$1,193,656
$1.2M
Market Conditions
NOI Build-Up for 9,515 SF
Gross rent
$148.4K $15.60/SF
− Vacancy
−$5.2K −$0.55/SF
EGI
$143.2K $15.05/SF
− OpEx
−$35.8K −$3.76/SF
NOI
$107.4K $11.29/SF
Area
Tulsa, OK
Vacancy
3.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,148,580
Cap Rate 7%
$1,534,700
Cap Rate 9%
$1,193,656
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74132, OK
10,968
Population
4,818
Households
2.3
Avg Household Size
37
Median Age
42%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
870
Density / Sq Mi
$75,199
Median Household Income
$48,243
Median Earnings
$1,134
Median Rent
$271,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tulsa, OK
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 St 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
