Freestanding Retail/Mixed-Use Investment
12620 E 31st St, Tulsa, OK 74146
Stabilized 8% Cap Rate with Seller Lease-Back
Type:Mixed Use, Retail
Property size:
5,852 SFPrice / SF:
$187/SF- Added:
- Mar 3, 2026
- Days on Market:
- 70
- Last Refresh:
- Mar 16 at 2:00 pm
Property Features for 12620 E 31st St
General Information
- Standard status
- Active
- Size
- 5,852 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 1985
Listing agent Dakota Owen License #210600
Listing office SVN | OAK Realty Advisors
Listing date Mar 3, 2026
Source Crexi
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 SVN | OAK Realty Advisors
HighLights
- Stabilized 8% Cap Rate with Seller Lease‑Back: Enjoy immediate cash flow with the seller leasing back for 3 years.
- Freestanding Retail/Mixed‑Use Building: Offers flexibility for future use thanks to favorable zoning.
- Excellent Condition & Upgrades: Well‑maintained, featuring a new HVAC system.
- High‑Visibility Location: Located on E 31st Street in a well‑established commercial area.
- Instant Stabilization & Downside Protection: Rare opportunity for immediate stabilization and strong returns.
- Attractive Pricing: Offered at $1,097,250, delivering an 8.0% cap rate.
Overview
This freestanding retail/mixed-use building is a multi-tenant property currently configured for two separate owner-operated companies. The building has 5,852 square feet of space and is located on a prominent site in southeast Tulsa's established commercial corridor, along E 31st Street. The property is well-maintained and includes a new HVAC system. The roof is older but functional, with no immediate issues reported. The property is currently fully owner-occupied and maintained to high standards. The seller will execute a new 3-year NNN lease-back at $15.00 per square foot, resulting in an annual base rent of approximately $87,780. The tenant will be responsible for all taxes, insurance, CAM, and maintenance. The property is offered at $1,097,250, delivering an 8.0% cap rate on the lease-back NOI. The flexible mixed-use zoning allows for re-tenanting, owner-user occupancy, or adaptive reuse post-lease term. This is a turnkey net lease investment ideal for 1031 exchange buyers, private investors, or net lease funds seeking high-yield, low-effort single-tenant retail exposure in a growing Oklahoma market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Narcomey Construction
General Contractor
Location Insight
- Map
- Local Demand
- City
- Tulsa
- County
- Creek
- State
- Oklahoma
- Longitude
- -95.835247
- Latitude
- 36.118593
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Stabilized 8% Cap Rate with Seller Lease-Back
Where is this retail space located?
The property is located at 12620 E 31st St Tulsa, OK.
What is the asking price?
The asking price for this property is $1,097,250.
What are key features of this property?
This property features: Stabilized 8% Cap Rate with Seller Lease‑Back: Enjoy immediate cash flow with the seller leasing back for 3 years.; Freestanding Retail/Mixed‑Use Building: Offers flexibility for future use thanks to favorable zoning.; Excellent Condition & Upgrades: Well‑maintained, featuring a new HVAC system.
