Turnkey Retail and Storage
3148 S Mingo Road Tulsa, OK 74146
3148 S Mingo Road, Tulsa, OK, 74146
$2,450,000
For Sale
$2,450,000
Forty of 45 on-site storage units are leased, supporting recurring rental income at this turnkey retail and storage operation.
Property Size13,685 SF
Price / SF$179.03
Days on Market222
Property Features for 3148 S Mingo Road
General Information
- Standard status
- Active
- Size
- 13,685 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1970
Listing agency
Keller Williams SEOK
(918) 916-5067
Listed by
Kevin Beaty · License #181026
(918) 916-5067
Source
Xome
Added: Dec 12, 2025 Updated: Jul 21 at 4:42PM Checked: Jul 22 at 3:45AM
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 Keller Williams SEOK
Investment Insights
Based on property information with market context.
This turnkey retail and storage facility includes an on-site retail and pawn operation alongside 45 storage units. The business has been operating since 1993 and is described as having diversified revenue sources, including retail merchandise sales, pawn interest income, and recurring storage rentals. The sale is offered with operational items such as showcases, safes, fixtures, and essential operational infrastructure intended to support a seamless transition. Recent capital improvements include a new roof and HVAC systems completed in 2022.
The property is located at 3148 S Mingo Road in Tulsa, OK. According to the seller, 40 of 45 storage units are currently leased. The operation is represented as fully compliant and properly licensed, including a Federal Firearms License (FFL), and it is reported to hold a 4.8-star Google rating.
The property is located at 3148 S Mingo Road in Tulsa, OK. According to the seller, 40 of 45 storage units are currently leased. The operation is represented as fully compliant and properly licensed, including a Federal Firearms License (FFL), and it is reported to hold a 4.8-star Google rating.
Key Highlights
- 40 of 45 on‑site storage units are currently leased, providing recurring storage rental income
- Retail and pawn operation has been in business since 1993
- Recent capital improvements in 2022: new roof and HVAC systems
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 | $197.1k | $14.40 |
| − Vacancy | −$8.9k | −$0.65 |
| EGI | $188.2k | $13.75 |
| − OpEx | −$56.5k | −$4.13 |
| NOI | $131.7k | $9.63 |
13,685 SF · lease $14.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.88M
$1.65M – $2.20M
NOI $131,737 @ 7.0% cap · market cap 5.38%
Second Best
Self Storage
$1.56M
$1.37M – $1.82M
NOI $109,206 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$2.92M
$2.55M – $3.41M
NOI $204,316 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Forty of 45 on-site storage units are leased, supporting recurring rental income at this turnkey retail and storage operation.
Where is this self storage facility located?
The property is located at 3148 S Mingo Road Tulsa, OK.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 40 of 45 on‑site storage units are currently leased, providing recurring storage rental income; Retail and pawn operation has been in business since 1993; Recent capital improvements in 2022: new roof and HVAC systems
