Historic Retail Building with
4067 Southwest Blvd Tulsa, OK 74107
4067 Southwest Blvd, Tulsa, OK, 74107
$1,500,000
For Sale
$1,500,000
Historic Rt 66 building converted to one space but divisible into original six storefronts, with overhead doors and off-street parking.
Property Size8,089 SF
Price / SF$185.44
Days on Market169
Property Features for 4067 Southwest Blvd
General Information
- Standard status
- Active
- Size
- 8,089 SF
Listing agency
Compass Realty LLC
(918) 645-3795
Listed by
Jennifer Collins
(918) 645-3795
Source
Exprealty
Added: Feb 2 Updated: Jul 21 at 6:27AM Checked: Jul 21 at 6:27AM
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 Compass Realty LLC
Investment Insights
Based on property information with market context.
This historic Rt 66 building has been converted into one large interior space, while still retaining the ability to be divided back into the original six storefront spaces. The configuration includes overhead door access in multiple areas, including two overhead doors in one space and one overhead door in the back of another space.
The property includes off-street parking and additional lot space that may support expansion or the development of a dedicated parking lot. Recent updates include six new water meters added by the city. The building also features two billboards that currently generate lease income.
As part of the redevelopment activity along Rt 66, grant programs described as ranging from $25k to $2M may be available for certain building improvements. Please request details to understand eligibility and how it may apply to this property.
The property includes off-street parking and additional lot space that may support expansion or the development of a dedicated parking lot. Recent updates include six new water meters added by the city. The building also features two billboards that currently generate lease income.
As part of the redevelopment activity along Rt 66, grant programs described as ranging from $25k to $2M may be available for certain building improvements. Please request details to understand eligibility and how it may apply to this property.
Key Highlights
- Original Rt 66 historic building converted into one large space but still divisible back into the original 6 storefront spaces
- Two overhead doors in one storefront space, plus an additional overhead door in the back of one storefront space
- 6 new water meters added recently by the city
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.5k | $14.40 |
| − Vacancy | −$5.2k | −$0.65 |
| EGI | $111.2k | $13.75 |
| − OpEx | −$33.4k | −$4.13 |
| NOI | $77.9k | $9.63 |
8,089 SF · lease $14.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.11M
$973.4K – $1.30M
NOI $77,868 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,768 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Appliance Stove Doctor
Home Appliance Store
Tulsa Stove Hospital
Home Appliance Store
Similar For Sale Nearby
Similar Off Market Nearby
- Westside Flowers LLC — 4257 Southwest Blvd, Tulsa, OK 74107
FAQs
What type of property is this?
Storefront property - Historic Rt 66 building converted to one space but divisible into original six storefronts, with overhead doors and off-street parking.
Where is this storefront property located?
The property is located at 4067 Southwest Blvd 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: Original Rt 66 historic building converted into one large space but still divisible back into the original 6 storefront spaces; Two overhead doors in one storefront space, plus an additional overhead door in the back of one storefront space; 6 new water meters added recently by the city
