Auto Service Property with Display
4004 S Memorial Drive, Tulsa, OK 74145
For Sale
New
$1,500,000
Commercial, Tulsa, OK
Property Size5,378 SF
Lot Size1.07 Acres
Price / SF$278.91
Days on Market4
Property Features for 4004 S Memorial Drive
General Information
Property type
Property subtype
Zoning
Interior features
Exterior features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Automotive Uses
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
Chinowth & Cohen
(918) 392-0900
Listed By:
Julie Estrin · License OK #207078
(918) 209-9415
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 2640534
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1970 steel automotive property contains 5,378 square feet and occupies 1.067 acres. The site is used for vehicle sales and service, with a display area, service facilities, and three automotive lifts. Interior features include a mini-kitchen; central heating and air conditioning serve the building. Exterior features include lighting and a roof sign.
At the southwest corner of 40th Street and S Memorial Drive, the property has frontage on Memorial Drive and a vehicle display area. IL zoning is in place. The existing automotive layout and service equipment are physical features of the property; other commercial uses would be subject to applicable zoning and approvals.
At the southwest corner of 40th Street and S Memorial Drive, the property has frontage on Memorial Drive and a vehicle display area. IL zoning is in place. The existing automotive layout and service equipment are physical features of the property; other commercial uses would be subject to applicable zoning and approvals.
Key Highlights
- 1.067‑acre site with 5,378 square feet of building area
- Three automotive service lifts convey
- Southwest corner of 40th Street and S Memorial Drive, with frontage on Memorial Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,771
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,420
$1.0M
Cap Rate 7%
$739,586
$739.6K
Cap Rate 9%
$575,233
$575.2K
Market Conditions
NOI Build-Up for 5,378 SF
Gross rent
$77.4K $14.40/SF
− Vacancy
−$3.5K −$0.65/SF
EGI
$74.0K $13.75/SF
− OpEx
−$22.2K −$4.13/SF
NOI
$51.8K $9.63/SF
Area
Tulsa, OK
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,420
Cap Rate 7%
$739,586
Cap Rate 9%
$575,233
Alternative Uses
Best Use
Retail
$739.6K
$647.1K – $862.9K
NOI $51,771 @ 7.0% cap · market cap 3.45%
Second Best
Industrial
$369.3K
$323.2K – $430.9K
NOI $25,854 @ 7.0% cap · market cap 1.72%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,293 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
3
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
191
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Studio 6
Hotels & Casinos
191 visits/mo
0.2 miles
Demographics for 74145, OK
18,055
Population
8,523
Households
2.1
Avg Household Size
36
Median Age
27%
College-Educated
90%
High-School Grad
5.9 sq mi
ZIP Area
3,060
Density / Sq Mi
$55,118
Median Household Income
$37,021
Median Earnings
$1,039
Median Rent
$160,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tulsa, OK
Similar Off Market Nearby
- Approved Auto Service LLC — 6549 E 46th St Suite 5, Tulsa, OK 74145
- David Boyd Auto Center — 7406 E 46th St, Tulsa, OK 74145
- Robinson Glass — 7240 E 46th St, Tulsa, OK 74145
- PS Automotive Service LLC — 7414 E 46th St, Tulsa, OK 74145
- Svenskraft — 7457 E 46th Pl, Tulsa, OK 74145
Frequently Asked Questions
What type of property is this?
Auto shop - IL-zoned site supports automotive sales and service, with three lifts included.
Where is this auto shop located?
The property is located at 4004 S Memorial Drive Tulsa, OK.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.067‑acre site with 5,378 square feet of building area; Three automotive service lifts convey; Southwest corner of 40th Street and S Memorial Drive, with frontage on Memorial Drive
