Restaurant Building with
New
For Sale
$400,000
4008 E 11th Street, Tulsa, OK 74112
Commercial, Tulsa, OK
Property Size1,131 SF
Lot Size0.23 Acres
Price / SF$353.67
Days on Market2
Property Features for 4008 E 11th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Interior features
9' Ceiling Height, Floored Attic
Fencing
Privacy, Chain Link
Subdivision
Mayo addn
Elementary school district
Tulsa - Sch Dist (1)
Middle school district
Tulsa - Sch Dist (1)
High school district
Tulsa - Sch Dist (1)
Directions
POB Yale and 11th St., travel west to 2nd building past Pittsburgh (stop light) on south side of 11th.
Standard status
Active
APN
26275930907650
Size
1,131 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 3 & 4 Block 1 Mayo Addn
Tax Annual Amount
1550
Legal Description
Lot 3 & 4 Block 1 Mayo Addn
Utilities
Utilities
Phone Available
Heating system
Central
Amenities
existing refrigeration units
partial ventilation system
grease trap outlet
serving counter
two bathrooms
Building Details
Year built
1968
Flooring type
Tile
Building materials
Frame
Roof type
Composition
Listing Agency:
Chinowth & Cohen
(918) 578-6820
Listed By:
Marilyn Morenz · License #144015
(918) 230-4819
Added: Oct 16
Last Checked: Oct 17 at 4:06AM
MLS# 2637787
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 1,131-square-foot restaurant property sits on a 0.23-acre lot and includes refrigeration units, a serving counter, a partial ventilation system, and a grease trap outlet. The interior also has two bathrooms, tile flooring, 9-foot ceilings, and a floored attic. Central heating and a composition roof are among the building features; the structure was built in 1968.
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 existing restaurant-related features and attic space are part of the property’s physical configuration.
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 existing restaurant-related features and attic space are part of the property’s physical configuration.
Key Highlights
- 1,131‑square‑foot building on a 0.23‑acre lot
- Restaurant features include refrigeration units, serving counter, partial ventilation system, and grease trap outlet
- More than 100 feet of frontage on 11th Street
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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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 food-service equipment and more than 100 feet of 11th Street frontage support a range of commercial plans.
Where is this restaurant located?
The property is located at 4008 E 11th Street 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: 1,131‑square‑foot building on a 0.23‑acre lot; Restaurant features include refrigeration units, serving counter, partial ventilation system, and grease trap outlet; More than 100 feet of frontage on 11th Street
