Commercial Kitchen
For Sale
$1,800,000
1 W 81st Street, Tulsa, OK 74132
Commercial, Tulsa, OK
Property Size9,515 SF
Lot Size4.85 Acres
Price / SF$189.17
Days on Market92
Property Features for 1 W 81st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Interior features
9' Ceiling Height, Cable TV Wired, Floored Attic
Subdivision
Tulsa Co Unplatted
Elementary school district
Jenks - Sch Dist (5)
Middle school district
Jenks - Sch Dist (5)
High school district
Jenks - Sch Dist (5)
Directions
South on Riverside Drive West over 71st Street Bridge. South at South Elwood (street light). West on 81st Street and South Elwood (4-way stop). House on North side (White House Mansion).
Standard status
Active
APN
98212-82-12-51750
Size
9,515 SF
Lot size
4.85 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
S680 E/2 E/2 SW SW LESS S24.75 FOR RD SEC 12 18 12 4.849ACS
Tax Annual Amount
5199
Legal Description
S680 E/2 E/2 SW SW LESS S24.75 FOR RD SEC 12 18 12 4.849ACS
Utilities
Utilities
Cable Available
Heating system
Central, Zoned
Cooling system
Zoned, Central Air
Amenities
Commercial Kitchen
tables
chairs
linens
Building Details
Year built
1985
Floors in Building
3
Flooring type
Carpet, Hardwood, Tile, Wood
Building materials
Frame
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(405) 404-1924
Listed By:
Nicci Atchley
(918) 574-1057
Added: Jul 23
Changed: Oct 17
Last Checked: Oct 22 at 6:06PM
MLS# 2627179
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.
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Investment Insights
Based on property information with market context.
This 9515-square-foot commercial kitchen facility sits on 4.849 acres and is zoned IL. The property includes a commercial kitchen along with tables, chairs, and linens. Interior features include 9' ceilings, a floored attic, and cable wiring, while the building has central and zoned heating and cooling. Carpet, tile, wood, and hardwood flooring are present. Frame construction and a composition roof date to 1985.
The site provides 300+ car parking spaces and is near Tulsa Hills Shopping Center, Tulsa Premium Outlet Mall, and REI Co-op Outlet stores. The property information identifies restaurant, church, and event-center use, with additional land available for development and room for pad sites.
The site provides 300+ car parking spaces and is near Tulsa Hills Shopping Center, Tulsa Premium Outlet Mall, and REI Co-op Outlet stores. The property information identifies restaurant, church, and event-center use, with additional land available for development and room for pad sites.
Key Highlights
- 9515 square feet on 4.849 acres
- Commercial kitchen with tables, chairs, and linens
- 300+ car parking spaces
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
Industrial
$653.5K
$571.8K – $762.4K
NOI $45,742 @ 7.0% cap · market cap 2.54%
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Restaurant, church, or event-center use is supported by kitchen equipment, furnishings, and substantial on-site parking.
Where is this commercial kitchen 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: 9515 square feet on 4.849 acres; Commercial kitchen with tables, chairs, and linens; 300+ car parking spaces
