Retail Space with
For Sale
Contact for pricing
9718 Riverside Pkwy, Tulsa, OK 74137
For sale retail space with a dedicated patio and 6,600 SF of available area on 2.00 acres.
Property Size6,600 SF
Lot Size2.00 Acres
Price / SF$189.39
Days on Market801
Property Features for 9718 Riverside Pkwy
General Information
Standard status
Active
Size
6,600 SF
Lot size
2.00 Acres
Property subtype
RETAIL
Amenities
Patio
Listing Agency:
CBRE | Oklahoma City
(405) 272-5300
Listed By:
Mark Inman
(405) 607-6272
Source:
Moodyscre
Added: Jul 4, 2024
Changed: Sep 12
Last Checked: Sep 12 at 11:18AM
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 CBRE | Oklahoma City
Investment Insights
Based on property information with market context.
This for-sale retail space offers 6,600 SF of available area and includes an outdoor patio. The property sits on 2.00 acres, providing room for a tenant-ready retail layout supported by the existing patio feature.
The offering is located at 9718 Riverside Pkwy, Tulsa, OK 74137. The asking price is $1,250,000, and the current lease rate is listed at $110,000 per year.
With both interior retail space and a patio included, the property may support a variety of retail configurations where outdoor use is valuable to the customer experience.
The offering is located at 9718 Riverside Pkwy, Tulsa, OK 74137. The asking price is $1,250,000, and the current lease rate is listed at $110,000 per year.
With both interior retail space and a patio included, the property may support a variety of retail configurations where outdoor use is valuable to the customer experience.
Key Highlights
- For sale retail space with 6,600 SF of available area
- Set on 2.00 acres of land
- Includes a dedicated patio
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
$65,142
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
5.21%
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%
$1,302,840
$1.3M
Cap Rate 7%
$930,600
$930.6K
Cap Rate 9%
$723,800
$723.8K
Market Conditions
NOI Build-Up for 6,600 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
$99.0K $15.00/SF
− Vacancy
−$5.9K −$0.90/SF
EGI
$93.1K $14.10/SF
− OpEx
−$27.9K −$4.23/SF
NOI
$65.1K $9.87/SF
Area
ZIP 74137
Vacancy
6.00%
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%
$1,302,840
Cap Rate 7%
$930,600
Cap Rate 9%
$723,800
Alternative Uses
Best Use
Retail
$930.6K
$814.3K – $1.09M
NOI $65,142 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,180 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
207k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Shops & Services 24%
Apparel 23%
Groceries 16%
Kohl's
Apparel
43,309 visits/mo
0.2 miles
Walmart Neighborhood Market
Groceries
32,912 visits/mo
0.3 miles
Braum's Ice Cream & Dairy Stores
Dining
24,852 visits/mo
0.5 miles
Kum & Go
Shops & Services
14,490 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,403 visits/mo
0.2 miles
Demographics for 74137, OK
28,354
Population
12,402
Households
2.3
Avg Household Size
42
Median Age
60%
College-Educated
96%
High-School Grad
10.4 sq mi
ZIP Area
2,726
Density / Sq Mi
$103,963
Median Household Income
$54,307
Median Earnings
$1,133
Median Rent
$384,500
Median Home Value
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For sale retail space with a dedicated patio and 6,600 SF of available area on 2.00 acres.
Where is this retail space located?
The property is located at 9718 Riverside Pkwy Tulsa, OK.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: For sale retail space with 6,600 SF of available area; Set on 2.00 acres of land; Includes a dedicated patio
