Tulsa Gas Station and
For Sale
Contact for pricing
11015 E Pine St, Tulsa, OK 74116
4,316 SF Tulsa gas station and convenience store for sale.
Property Size4,316 SF
Lot Size1.48 Acres
Price / SF$392.72
Days on Market169
Property Features for 11015 E Pine St
General Information
Standard status
Active
Size
4,316 SF
Lot size
1.48 Acres
Property subtype
Business for Sale, Retail
Investment Type
Owner/User
Building Details
Year Built
2003
Listing Agency:
Marcus & Millichap - Phoenix
(479) 785-4343
Listed By:
Mark Ruble · License #AZ SA550593000
Source:
Crexi
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 8 at 2:51PM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
This 4,316-square-foot convenience store and gas station is located in an industrial park in Tulsa, Oklahoma. The sale includes both the real estate and the business. Situated on 1.48 acres of land, the property features a canopy and pumps that were replaced in 2020. The property is located immediately off Highway 169, with accessibility to approximately 79,200 cars per day. Highway 169 is a major freeway in the metro Tulsa area, continuing into Kansas, Missouri, Iowa, and Minnesota. The property is within three miles of Tulsa International Airport, which had 3.2 million passengers in 2024. There are over 115,300 residents living within five miles of the property.
Key Highlights
- High traffic location with approximately 79,200 cars per day, situated immediately off Highway 169.
- Includes both the real estate and the business.
- Large 1.48 acre lot.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,730
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$974,600
$974.6K
Cap Rate 7%
$696,143
$696.1K
Cap Rate 9%
$541,444
$541.4K
Market Conditions
NOI Build-Up for 4,316 SF
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.
Gross rent
$67.3K $15.60/SF
− Vacancy
−$2.4K −$0.55/SF
EGI
$65.0K $15.05/SF
− OpEx
−$16.2K −$3.76/SF
NOI
$48.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$974,600
Cap Rate 7%
$696,143
Cap Rate 9%
$541,444
Alternative Uses
Best Use
Specialty Retail
$696.1K
$609.1K – $812.2K
NOI $48,730 @ 7.0% cap · market cap 2.87%
Second Best
Retail
$593.5K
$519.4K – $692.5K
NOI $41,548 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$920.5K
$805.5K – $1.07M
NOI $64,438 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 53%
Shops & Services 47%
Conoco
Shops & Services
3,400 visits/mo
0.1 miles
Grainger
Home Improvements & Furnishings
2,470 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
668 visits/mo
0.2 miles
Fastenal
Home Improvements & Furnishings
652 visits/mo
0.1 miles
Demographics for 74116, OK
4,069
Population
1,665
Households
2.4
Avg Household Size
35
Median Age
9%
College-Educated
75%
High-School Grad
18.0 sq mi
ZIP Area
226
Density / Sq Mi
$56,296
Median Household Income
$34,938
Median Earnings
$783
Median Rent
$137,500
Median Home Value
Market
Vacancy Rate% for Retail in Tulsa, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - 4,316 SF Tulsa gas station and convenience store for sale.
Where is this gas station located?
The property is located at 11015 E Pine St Tulsa, OK.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: High traffic location with approximately 79,200 cars per day, situated immediately off Highway 169.; Includes both the real estate and the business.; Large 1.48 acre lot.
