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    8716-8720 E 21St St Tulsa, OK 74129

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    For Sale
    $3,570,000

    100% occupied strip center with strong cash flow.

    Property size:
    19,569 SF
    Lot size:
    4.00 Acres

    Property Features for 8716-8720 E 21St St

    General Information

    Size
    19,569 SF
    Lot size
    4.00 Acres

    Source: STRIVE Agent Braden Bratcher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Occupied Tulsa Strip Center For Sale

    This 100% occupied neighborhood strip center is located in the heart of Southeast Tulsa. The property offers immediate, stable income with an 8% capitalization rate. Priced at $141 per square foot, it is below replacement cost in today’s market. The property has excellent visibility, fronting 21st Street and situated only 0.5 miles from I-44, a major east-west highway connecting Texas to Missouri. The majority of the tenants are on true NNN leases, ensuring minimal landlord responsibilities and predictable income. A national anchor tenant, Family Dollar, has just renewed on another 5-year NNN lease. The pad building includes double drive-thru end caps, a highly desirable retail feature that supports strong tenant demand and leasing power. There are an additional 1.5 acres of commercially zoned land ready for development, providing a value-add or expansion opportunity. Nearby retailers include Walmart Supercenter, Lowe’s, Target, Reasor’s, Burlington, Crunch Fitness, Starbucks, Walgreens, Zaxby’s, AutoZone Auto Parts, Harbor Freight, McAlister’s Deli, and Burger King.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.879694
    Latitude
    36.133371

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    FAQs

    What type of property is this?
    Strip mall - 100% occupied strip center with strong cash flow.
    Where is this strip mall located?
    The property is located at 8716-8720 E 21St St Tulsa, OK.
    What is the asking price?
    The asking price for this property is $3,570,000.
    What are key features of this property?
    This property features: - Strong In-Place Cash Flow with an Attractive 8% Capitalization Rate, offering Immediate, Stable Income.; - National Anchor Tenant - Family Dollar - Just Renewed on Another 5-Year NNN Lease.; - Priced at $141/SF - Below Replacement Cost in Today’s Market.
    (469) 844-8880
    Request Owner's contact information
    8716-8720 E 21St St Tulsa, OK 74129
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    Tulsa, OK 74129
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    Realmo Value Estimation

    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.

    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.

    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
    8716-8720 E 21St St Tulsa, OK 74129
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