Retail Building with Major Road
1147 S Lewis Ave, Tulsa, OK 74104
For Sale
$1,600,000
Land and building for sale with strong passing traffic and significant road frontage suited for storefront retail users.
Property Size6,734 SF
Price / SF$237.60
Days on Market148
Property Features for 1147 S Lewis Ave
General Information
Standard status
Size
Site & Location
Neighborhood
Traffic Count
Building Details
Year Built
Listing Agency:
Williams & Williams Marketing
Listed By:
Elizabeth Fontana Fitzwilson
(918) 408-5454
Source:
Thewolekgroup
Added: Jun 16
Changed: Oct 26
Last Checked: Oct 7 at 2:48PM
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 Williams & Williams Marketing
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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 for-sale retail building is positioned within the newly rebranded Tulsa Market District, a centralized area developed to support community engagement. The offering is described as land and building only. The surrounding district is characterized by restaurants, grocery, and retail immediately out front.
The property is noted as being nestled near Route 66, with proximity to the Mother Road Market and luxury apartments currently underway. Public remarks also cite a traffic count exceeding 14,590 and approximately 78 feet of frontage on Lewis, emphasizing visibility for any storefront concept.
With its emphasis on walk-in and community presence, this site is best suited for retailers seeking prominent exposure along a heavily traveled corridor. The location context also suggests compatibility with neighborhood-facing concepts that benefit from being close to dining, shopping, and a shared gathering space.
The property is noted as being nestled near Route 66, with proximity to the Mother Road Market and luxury apartments currently underway. Public remarks also cite a traffic count exceeding 14,590 and approximately 78 feet of frontage on Lewis, emphasizing visibility for any storefront concept.
With its emphasis on walk-in and community presence, this site is best suited for retailers seeking prominent exposure along a heavily traveled corridor. The location context also suggests compatibility with neighborhood-facing concepts that benefit from being close to dining, shopping, and a shared gathering space.
Key Highlights
- Year built 2016 building and land for sale in the Tulsa Market District
- Traffic count exceeding 14,590
- 78 ft of frontage on Lewis (road frontage on Lewis)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,824
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,296,480
$1.3M
Cap Rate 7%
$926,057
$926.1K
Cap Rate 9%
$720,267
$720.3K
Market Conditions
NOI Build-Up for 6,734 SF
Gross rent
$97.0K $14.40/SF
− Vacancy
−$4.4K −$0.65/SF
EGI
$92.6K $13.75/SF
− OpEx
−$27.8K −$4.13/SF
NOI
$64.8K $9.63/SF
Area
Tulsa, OK
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,296,480
Cap Rate 7%
$926,057
Cap Rate 9%
$720,267
Alternative Uses
Best Use
Retail
$926.1K
$810.3K – $1.08M
NOI $64,824 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,538 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14,590 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
133k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 36%
Shops & Services 14%
Office Supplies 6%
Reasor's
Groceries
48,260 visits/mo
0.2 miles
Braum's Ice Cream & Dairy Stores
Dining
22,751 visits/mo
0.2 miles
SONIC Drive In
Dining
14,837 visits/mo
0.4 miles
Taco Bueno
Dining
9,827 visits/mo
0.5 miles
Office Depot
Office Supplies
7,598 visits/mo
0.4 miles
Demographics for 74104, OK
12,395
Population
6,367
Households
1.9
Avg Household Size
31
Median Age
46%
College-Educated
90%
High-School Grad
2.7 sq mi
ZIP Area
4,591
Density / Sq Mi
$51,886
Median Household Income
$30,951
Median Earnings
$1,109
Median Rent
$224,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Tulsa, OK
Properties on Market for Retail space in Tulsa
Vacancy Rate% for Retail in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Retail space - Land and building for sale with strong passing traffic and significant road frontage suited for storefront retail users.
Where is this retail space located?
The property is located at 1147 S Lewis Ave Tulsa, OK.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Year built 2016 building and land for sale in the Tulsa Market District; Traffic count exceeding 14,590; 78 ft of frontage on Lewis (road frontage on Lewis)
