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    Remodeled Retail Space For Sale Title is generated by Realmo AI

    9135 E 61st St, Tulsa, OK

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    Remodeled retail space with security system and detached storage.

    Type:RETAIL
    Property size:
    4,900 SF
    Lot size:
    0.49 Acres
    Price / SF:
    $155/SF
    Added:
    Apr 10, 2025
    Days on Market:
    431
    Last Refresh:
    May 20 at 8:53 pm

    Property Features for 9135 E 61st St

    General Information

    Standard status
    Active
    Size
    4,900 SF
    Lot size
    0.49 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Warren Stewart
    Warren Stewart

    Listing agent Warren Stewart

    Listing office McGraw Commercial Properties | Tulsa

    Listing date Apr 10, 2025

    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 McGraw Commercial Properties | Tulsa

    HighLights

    • Comprehensive Security System with 32‑camera surveillance, burglar, fire, smoke & CO2 alarms, and keypad access.
    • Recent Interior Remodel completed in 2023‑2024.
    • New Roof installed in June 2022.
    • New Commercial Grade Flooring Throughout.
    • New Electrical Breaker Panels (2023/2024).
    • New West End Air Handler/Coil Heat Pump (Oct 2023).

    Overview

    This 4,900 square foot retail space features a new roof installed in June 2022 and an interior remodel completed between 2023 and 2024. The property is equipped with a comprehensive security system, including a 32-camera surveillance system, a burglar alarm system, and a fire, smoke, and CO2 alarm system. Keypad-controlled access is available for areas beyond the lobby. The interior features new commercial-grade flooring, granite countertops, and newer interior paint throughout. Lighting was upgraded to LED in 2019. A new west end air handler/coil heat pump was installed in October 2023, and the HVAC system is on a service plan with Air Assurance. New electrical breaker panels were installed in 2023 and 2024. An exterior light timer was installed in 2023. The property also includes detached storage space.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $70.6k $14.40
    − Vacancy −$3.2k −$0.65
    EGI $67.4k $13.75
    − OpEx −$20.2k −$4.13
    NOI $47.2k $9.63
    4,900 SF · lease $14.40/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $673.8K
    $589.6K – $786.2K (±1% cap)
    NOI $47,169 @ 7.0% cap · market cap 6.21%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.05M
    $914.5K – $1.22M (±1% cap)
    NOI $73,157 @ 7.0% cap · market cap 9.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Legacy Childhood Education ... Daycare Center

    Suggested Use

    Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store HVAC Service Garden Center Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -96.097
    Latitude
    36.0756

    FAQs

    What type of property is this?
    Retail space - Remodeled retail space with security system and detached storage.
    Where is this retail space located?
    The property is located at 9135 E 61st St Tulsa, OK.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: Comprehensive Security System with 32‑camera surveillance, burglar, fire, smoke & CO2 alarms, and keypad access.; Recent Interior Remodel completed in 2023‑2024.; New Roof installed in June 2022.
    (918) 409-5611 Call to check price and availability
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