Restaurant Building with Food-Service
For Sale
$400,000
4008 E 11th St, Tulsa, OK 74112
Existing refrigeration, partial ventilation, and a grease trap outlet support a food-service layout.
Property Size1,131 SF
Price / SF$353.67
Days on Market13
Property Features for 4008 E 11th St
General Information
Standard status
Active
Size
1,131 SF
Additional Details
Road Access
Yes
Grease Trap
Yes
Taxes and HOA fees
Annual Taxes
$1,550
Amenities
refrigeration units
partial ventilation system
grease trap outlet
serving counter
two bathrooms
Listing Agency:
Chinowth & Cohen
(918) 578-6820
Listed By:
Marilyn Morenz · License #144015
(918) 230-4819
Source:
Exprealty
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 26 at 8:47PM
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 Chinowth & Cohen
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property includes refrigeration units, partial ventilation, a grease trap outlet, and a serving counter. The interior has room for multiple dining tables and includes two bathrooms. An attic provides additional space within the building.
The property has more than 100 feet of frontage on 11th Street and several parking spaces. It is located along the Historic Route 66 corridor in Tulsa.
The property has more than 100 feet of frontage on 11th Street and several parking spaces. It is located along the Historic Route 66 corridor in Tulsa.
Key Highlights
- Restaurant infrastructure includes refrigeration units, partial ventilation, a grease trap outlet, and a serving counter
- More than 100 feet of frontage along 11th Street
- Two bathrooms and interior space for multiple dining tables
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,770
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,400
$255.4K
Cap Rate 7%
$182,429
$182.4K
Cap Rate 9%
$141,889
$141.9K
Market Conditions
NOI Build-Up for 1,131 SF
Gross rent
$17.6K $15.60/SF
− Vacancy
−$618 −$0.55/SF
EGI
$17.0K $15.05/SF
− OpEx
−$4.3K −$3.76/SF
NOI
$12.8K $11.29/SF
Area
Tulsa, OK
Vacancy
3.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,400
Cap Rate 7%
$182,429
Cap Rate 9%
$141,889
Alternative Uses
Best Use
Specialty Retail
$182.4K
$159.6K – $212.8K
NOI $12,770 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.2K
$211.1K – $281.4K
NOI $16,886 @ 7.0% cap · market cap 4.22%
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
Yes
Paved road access
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 85%
Shops & Services 15%
McDonald's
Dining
24,538 visits/mo
0.4 miles
Burger King
Dining
8,879 visits/mo
0.4 miles
Phillips 66
Shops & Services
4,011 visits/mo
0.0 miles
AutoZone
Shops & Services
1,460 visits/mo
0.2 miles
Midas
Shops & Services
647 visits/mo
0.1 miles
Demographics for 74112, OK
20,810
Population
10,524
Households
2
Avg Household Size
38
Median Age
27%
College-Educated
87%
High-School Grad
6.8 sq mi
ZIP Area
3,060
Density / Sq Mi
$55,848
Median Household Income
$37,151
Median Earnings
$1,024
Median Rent
$149,800
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
Similar Off Market Nearby
- Red Thistle Catering Co — 1345 S Harvard Ave, Tulsa, OK 74112, United States
Frequently Asked Questions
What type of property is this?
Restaurant - Existing refrigeration, partial ventilation, and a grease trap outlet support a food-service layout.
Where is this restaurant located?
The property is located at 4008 E 11th St Tulsa, OK.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Restaurant infrastructure includes refrigeration units, partial ventilation, a grease trap outlet, and a serving counter; More than 100 feet of frontage along 11th Street; Two bathrooms and interior space for multiple dining tables
