Retail Center with Expansion
New
For Sale
$6,150,000
3401 S Peoria Avenue, Tulsa, OK 74105
The fully leased center includes on-site parking and room for additional retail development.
Property Size18,522 SF
Lot Size1.17 Acres
Price / SF$332.04
Days on Market5
Property Features for 3401 S Peoria Avenue
General Information
Standard status
Active
Size
18,522 SF
Total Parking Spaces
80
Lot size
1.17 Acres
Occupancy
100%
Additional Details
Cap Rate
7%
Taxes and HOA fees
Annual Taxes
$69,164
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
WWW.Tenkillerlakerealty.Com LLC
Listed By:
Nancy Davey · License #143138
(918) 316-2568
Source:
Tenkillerlakerealty.idxbroker
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 4:39PM
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 WWW.Tenkillerlakerealty.Com LLC
Investment Insights
Based on property information with market context.
At 3401 S Peoria Avenue, this 18,522-square-foot (AP) retail center was built in 1940 and occupies approximately 1.17 acres. The property is 100% occupied, with two tenants recently signing new 10-year leases. Its going-in cap rate is 7.0%, and the site offers potential for approximately 2,800 additional square feet of retail space.
The center is in Brookside, a Tulsa retail and dining district, along a high-traffic corridor. Approximately 80 on-site parking spaces serve the property.
The center is in Brookside, a Tulsa retail and dining district, along a high-traffic corridor. Approximately 80 on-site parking spaces serve the property.
Key Highlights
- 18,522‑square‑foot (AP) center on approximately 1.17 acres
- 100% occupied; going‑in cap rate of 7.0%
- Potential to develop approximately 2,800 additional square feet of retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,750
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,095,000
$4.1M
Cap Rate 7%
$2,925,000
$2.9M
Cap Rate 9%
$2,275,000
$2.3M
Market Conditions
NOI Build-Up for 18,522 SF
Gross rent
$311.2K $16.80/SF
− Vacancy
−$18.7K −$1.01/SF
EGI
$292.5K $15.79/SF
− OpEx
−$87.7K −$4.74/SF
NOI
$204.7K $11.05/SF
Area
ZIP 74105
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,095,000
Cap Rate 7%
$2,925,000
Cap Rate 9%
$2,275,000
Alternative Uses
Best Use
Retail
$2.92M
$2.56M – $3.41M
NOI $204,750 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.53M
$3.97M – $5.29M
NOI $317,393 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
188k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 31%
Dining 26%
Shops & Services 20%
Apparel 18%
Trader Joe's
Groceries
57,959 visits/mo
0.3 miles
QuikTrip
Shops & Services
33,748 visits/mo
0.2 miles
lululemon athletica
Apparel
24,833 visits/mo
0.1 miles
Raising Cane's Chicken Fingers
Dining
24,087 visits/mo
0.3 miles
Starbucks
Dining
8,605 visits/mo
0.1 miles
Demographics for 74105, OK
26,640
Population
14,531
Households
1.8
Avg Household Size
41
Median Age
49%
College-Educated
93%
High-School Grad
7.3 sq mi
ZIP Area
3,649
Density / Sq Mi
$69,864
Median Household Income
$47,580
Median Earnings
$989
Median Rent
$318,500
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Consortium — 3509 S Peoria Ave, Tulsa, OK 74105
- Center 1 — 3509 S Peoria Ave, Tulsa, OK 74105
Frequently Asked Questions
What type of property is this?
Shopping center - The fully leased center includes on-site parking and room for additional retail development.
Where is this shopping center located?
The property is located at 3401 S Peoria Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $6,150,000.
What are key features of this property?
This property features: 18,522‑square‑foot (AP) center on approximately 1.17 acres; 100% occupied; going‑in cap rate of 7.0%; Potential to develop approximately 2,800 additional square feet of retail space
