Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    10848 S Memorial Dr Tulsa, OK

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a busy commercial corridor.

    Type:RETAIL
    Property size:
    2,075 SF
    Lot size:
    4.97 Acres
    Added:
    Dec 14, 2023
    Days on Market:
    873
    Last Refresh:
    Apr 5 at 10:09 pm

    Property Features for 10848 S Memorial Dr

    General Information

    Standard status
    Active
    Size
    2,075 SF
    Lot size
    4.97 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 10848 S Memorial Dr Contact us

    We can help!

    Listing Contact
    G. Douglas Bauer

    Listing agent G. Douglas Bauer

    Listing office Bauer & Associates

    Listing date Dec 14, 2023

    Source Moodyscre

    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 Bauer & Associates

    Overview

    Retail Space on Memorial Drive

    This retail space, comprising 2,075 square feet, is located close to East 111th Street and Memorial Drive, and is minutes from Bixby, Oklahoma. The marquee on East 111th Street has availability for one more tenant to use. The property is situated in a busy commercial corridor with nearby retailers including Walmart, Jersey Mike’s Subs, Sonic Drive-In, Starbucks, Chipotle, Aldi, Chick-Fil-A, CVS Pharmacy, Lowe’s, Walgreens and the UPS Store.
    Location Intelligence

    Current Use by Public Records

    Dollar Tree Discount Store Taqueria el Campecino Restaurant Meineke Car Care ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.8887
    Latitude
    36.006

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Office Space for Lease

      Full floor office suite in Tulsa's Deco District.
      20 East 5th Street, Suite 1100, Tulsa, OK 74103
      View Details
    • Contact for pricing

      Furnished Office Suite in Deco

      Plug & Play office suite in historic Thompson Building.
      20 E Fifth Street, Tulsa, OK, Tulsa, OK 74103
      View Details
    • Contact for pricing

      Remodeled Flex Property with Fenced Yards

      Single-tenant flex property with office, showroom, and warehouse space.
      9901 E 46th Pl, Tulsa, OK 74146
      View Details
    • $16 SF/Yr

      Move-in Ready Medical Office Space

      Freestanding medical office building with versatile layout in Tulsa.
      4125 South Mingo Road, Tulsa, OK, 74146
      View Details
    • Contact for pricing

      OK, Tulsa - Sheridan Road

      6666 Sheridan Rd, Tulsa, OK 74133
      View Details
    • Contact for pricing

      OK, Tulsa - S Boston

      624 Boston Ave 1&, Unit 6TH, Tulsa, OK 74119
      View Details
    • Contact for pricing

      Kennedy Building

      321 Boston Ave, Unit 300, Tulsa, OK 74103
      View Details
    • Contact for pricing

      Executive Tower

      7136 Yale Ave, Unit 300, Tulsa, OK 74136
      View Details
    • Contact for pricing

      Memorial Place

      7633 63Rd Pl, Unit 300, Tulsa, OK 74133
      View Details
    • $10 SF/Yr

      Adaptable Office/Flex Service Center

      Quality office/flex space with premium finishes and convenient location.
      9410 E 51st St , Tulsa, OK
      View Details
    • $15 SF/Yr

      Furnished Office Space in Tulsa

      Professional, furnished office space with stunning views and ample parking.
      1350 S Boulder Ave , Tulsa, OK
      View Details
    • $3,200/Mo

      Auto Repair Shop For Rent

      Auto repair shop with equipment in thriving northeast Tulsa.
      2885 E Admiral Pl, Tulsa, OK 74110
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in a busy commercial corridor.
    Where is this retail space located?
    The property is located at 10848 S Memorial Dr Tulsa, OK.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location on a busy commercial corridor; Proximity to major retailers like Walmart, Starbucks, and Chipotle; Marquee signage availability on E. 111th Street
    (918) 688-7141 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    G. Douglas Bauer
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10848 S Memorial Dr, Tulsa, OK
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!