Retail Space for
For Sale
$4,927,699
679 W 101st Pl S, Jenks, OK 74037
Retail property available for sale at 679 W 101st Pl S.
Property Size15,686 SF
Days on Market145
Property Features for 679 W 101st Pl S
General Information
Standard status
Active
Size
15,686 SF
Property subtype
Retail - Freestanding
Building Details
Building Size
15,686 SF
Year Built
2023
Listing Agency:
Encore Real Estate Investment Services
(248) 970-2648
Listed By:
Nick Yaldo · License #6501447447
Source:
Commercialcafe
Added: Apr 9
Changed: Aug 21
Last Checked: Aug 30 at 12:58PM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This retail property is being offered for sale at 679 W 101st Pl S in Jenks, Oklahoma.
Jenks is a Tulsa-area suburb located in northeastern Oklahoma, situated between the Arkansas River and U.S. Route 75. The city is part of the broader Tulsa metropolitan area and has experienced rapid growth in recent years. Tulsa and the surrounding region are known for the art deco architectural heritage found in the central Deco District.
For additional details on the building configuration, improvements, or tenancy, please contact the listing broker.
Jenks is a Tulsa-area suburb located in northeastern Oklahoma, situated between the Arkansas River and U.S. Route 75. The city is part of the broader Tulsa metropolitan area and has experienced rapid growth in recent years. Tulsa and the surrounding region are known for the art deco architectural heritage found in the central Deco District.
For additional details on the building configuration, improvements, or tenancy, please contact the listing broker.
Key Highlights
- Retail property for sale at 679 W 101st Pl S
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$159,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,195,240
$3.2M
Cap Rate 7%
$2,282,314
$2.3M
Cap Rate 9%
$1,775,133
$1.8M
Market Conditions
NOI Build-Up for 15,686 SF
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.
Gross rent
$235.3K $15.00/SF
− Vacancy
−$7.1K −$0.45/SF
EGI
$228.2K $14.55/SF
− OpEx
−$68.5K −$4.36/SF
NOI
$159.8K $10.18/SF
Area
Tulsa County, OK
Vacancy
3.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,195,240
Cap Rate 7%
$2,282,314
Cap Rate 9%
$1,775,133
Alternative Uses
Best Use
Retail
$2.28M
$2.00M – $2.66M
NOI $159,762 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.54M
$3.09M – $4.12M
NOI $247,463 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
50k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 70%
Shops & Services 30%
Walmart Neighborhood Market
Groceries
35,093 visits/mo
0.2 miles
Kum & Go
Shops & Services
12,258 visits/mo
0.2 miles
Bank of Oklahoma
Shops & Services
2,739 visits/mo
0.3 miles
Demographics for 74037, OK
23,727
Population
8,811
Households
2.7
Avg Household Size
35
Median Age
47%
College-Educated
92%
High-School Grad
16.2 sq mi
ZIP Area
1,465
Density / Sq Mi
$101,573
Median Household Income
$53,608
Median Earnings
$1,565
Median Rent
$267,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail property available for sale at 679 W 101st Pl S.
Where is this retail space located?
The property is located at 679 W 101st Pl S Jenks, OK.
What is the asking price?
The asking price for this property is $4,927,699.
What are key features of this property?
This property features: Retail property for sale at 679 W 101st Pl S; Built in 2023
