Mixed-Use Property with Commercial
For Sale
$1,800,000
1 W 81st, Tulsa, OK 74132
The property includes a commercial kitchen and furnishings for food service or event use.
Property Size9,515 SF
Lot Size4.85 Acres
Price / SF$189.17
Days on Market103
Property Features for 1 W 81st
General Information
Standard status
Active
Size
9,515 SF
Lot size
4.85 Acres
Property subtype
MixedUse
Zoning
commercial
Property Condition
Severity
Repairs Needed
Evidence
Ready for your updates
Site & Location
Neighborhood
Harber Hills
Amenities
Commercial Kitchen
Building Details
Year Built
1985
Listing Agency:
eXp Realty, LLC
(405) 404-1924
Listed By:
Nicci Atchley · License #174632
(918) 574-1057
Source:
Spiritrealtygroup
Added: Jul 23
Changed: Nov 1
Last Checked: Nov 1 at 3:32PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,515-square-foot mixed-use property was built in 1985 and sits on 4.85 acres. A commercial kitchen and tables, chairs, and linens are on site, along with parking for 300+ vehicles. Commercial zoning is reported, and additional land is available for development, including potential pad sites.
The property is near Tulsa Hills Shopping Center, Tulsa Premium Outlet Mall, and REI Co-op Outlet stores.
The property is near Tulsa Hills Shopping Center, Tulsa Premium Outlet Mall, and REI Co-op Outlet stores.
Key Highlights
- 9,515‑square‑foot mixed‑use property on 4.85 acres
- Commercial kitchen with tables, chairs, and linens
- Parking for 300+ vehicles
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
Mixed Use
$1.28M
$1.12M – $1.50M
NOI $89,917 @ 7.0% cap · market cap 5.00%
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
Current Use
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
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
Market
Vacancy Rate% for Retail in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property includes a commercial kitchen and furnishings for food service or event use.
Where is this mixed-use property located?
The property is located at 1 W 81st 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: 9,515‑square‑foot mixed‑use property on 4.85 acres; Commercial kitchen with tables, chairs, and linens; Parking for 300+ vehicles
