Route 66 Restaurant
For Sale
Contact for pricing
4070 Southwest Blvd, Tulsa, OK
5,450 SF restaurant with equipment and 46 parking spaces.
Property Size5,450 SF
Lot Size0.51 Acres
Price / SF$183.49
Days on Market995
Property Features for 4070 Southwest Blvd
General Information
Standard status
Active
Size
5,450 SF
Lot size
0.51 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Star Coalition
Listing Agency:
Bauer & Associates
(918) 665-1210
Listed By:
Brad Baldwin · License #OK 172300
Source:
Moodyscre
Added: Feb 9, 2024
Changed: Oct 26
Last Checked: Oct 30 at 3:22PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,450 SF building is zoned IL (Industrial Light) and includes restaurant equipment. The property has 46 parking spaces and is located along Route 66. Currently operating as a business.
Key Highlights
- Zoned IL (Industrial Light)
- 46 Parking Spaces
- Located Along Route 66
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,533
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,660
$1.2M
Cap Rate 7%
$879,043
$879.0K
Cap Rate 9%
$683,700
$683.7K
Market Conditions
NOI Build-Up for 5,450 SF
Gross rent
$85.0K $15.60/SF
− Vacancy
−$3.0K −$0.55/SF
EGI
$82.0K $15.05/SF
− OpEx
−$20.5K −$3.76/SF
NOI
$61.5K $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 Rate 5%
$1,230,660
Cap Rate 7%
$879,043
Cap Rate 9%
$683,700
Alternative Uses
Best Use
Specialty Retail
$879.0K
$769.2K – $1.03M
NOI $61,533 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$749.5K
$655.8K – $874.4K
NOI $52,464 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,368 @ 7.0% cap · market cap 8.14%
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
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Dollar Tree
Shops & Services
5,722 visits/mo
0.3 miles
Arby's
Dining
5,194 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,238 visits/mo
0.4 miles
AutoZone
Shops & Services
3,757 visits/mo
0.3 miles
Ollie's Bargain Outlet
Shops & Services
2,996 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Restaurant - 5,450 SF restaurant with equipment and 46 parking spaces.
Where is this restaurant located?
The property is located at 4070 Southwest Blvd Tulsa, OK.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Zoned IL (Industrial Light); 46 Parking Spaces; Located Along Route 66
