Retail Build-to-Suit
For Sale
Contact for pricing
3421 E 61st Street 321s, Tulsa, OK 74133
Retail space with new HVAC, new roof, refreshed exterior, and ongoing interior build-out options.
Property Size3,004 SF
Price / SF$1.85
Days on Market99
Property Features for 3421 E 61st Street 321s
General Information
Standard status
Active
Size
3,004 SF
Building Details
Year Built
1985
Listing Agency:
RE/MAX Results
Listed By:
Clinton Taylor Jr · License #204154
(918) 704-4605
Source:
Accentrealtors
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 24 at 10:19PM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
This for-sale retail space offers build-to-suit options and current exterior and mechanical improvements. New HVAC units are planned throughout the complex, along with a new roof and fresh exterior paint. Interior renovations are also underway to tailor the spaces to the right business fit.
The property is located at 3421 E 61st Street, Unit 321S, Tulsa, OK 74133, near the intersection of 61st and Memorial. A new parking lot is being added to support convenient access.
Interested parties can coordinate with management on the build-out process to create a customized retail environment in an actively renovated setting.
The property is located at 3421 E 61st Street, Unit 321S, Tulsa, OK 74133, near the intersection of 61st and Memorial. A new parking lot is being added to support convenient access.
Interested parties can coordinate with management on the build-out process to create a customized retail environment in an actively renovated setting.
Key Highlights
- Commercial retail space at 61st & Memorial in a 1985‑built complex
- New HVAC units throughout the complex
- New parking lot improvements underway for easier access and ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,179
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,580
$723.6K
Cap Rate 7%
$516,843
$516.8K
Cap Rate 9%
$401,989
$402.0K
Market Conditions
NOI Build-Up for 3,004 SF
Gross rent
$55.9K $18.60/SF
− Vacancy
−$4.2K −$1.40/SF
EGI
$51.7K $17.21/SF
− OpEx
−$15.5K −$5.16/SF
NOI
$36.2K $12.04/SF
Area
ZIP 74133
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,580
Cap Rate 7%
$516,843
Cap Rate 9%
$401,989
Alternative Uses
Best Use
Retail
$516.8K
$452.2K – $603.0K
NOI $36,179 @ 7.0% cap · market cap 651.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$797.2K
$697.5K – $930.0K
NOI $55,802 @ 7.0% cap · market cap 1,005.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 19%
Family Dollar
Shops & Services
5,232 visits/mo
0.2 miles
Daylight Donuts
Dining
1,249 visits/mo
0.1 miles
Demographics for 74133, OK
48,331
Population
22,638
Households
2.1
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,528
Density / Sq Mi
$73,983
Median Household Income
$43,897
Median Earnings
$1,129
Median Rent
$254,700
Median Home Value
Market
Vacancy Rate% for Retail in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with new HVAC, new roof, refreshed exterior, and ongoing interior build-out options.
Where is this retail space located?
The property is located at 3421 E 61st Street 321s Tulsa, OK.
What are key features of this property?
This property features: Commercial retail space at 61st & Memorial in a 1985‑built complex; New HVAC units throughout the complex; New parking lot improvements underway for easier access and ample parking
