Single-Story Gas Station
New
For Sale
$325,000
4129 Southwest Boulevard, Tulsa, OK 74107
IL-zoned specialty commercial building with direct roadway access and transit service in Tulsa’s West submarket.
Property Size1,405 SF
Lot Size0.45 Acres
Price / SF$231.32
Days on Market5
Property Features for 4129 Southwest Boulevard
General Information
Standard status
Active
Size
1,405 SF
Lot size
0.45 Acres
Property subtype
Retail
Zoning
IL
Site & Location
Traffic Count
23,366 vehicles/day
Highway Access
Yes
Building Details
Building Size
1,405 SF
Year Built
1979
Buildings
1
Stories
1
Listed By:
Jack Sampson
Source:
Mcgrawcp
Added: Sep 18
Changed: Sep 22
Last Checked: Sep 21 at 5:59AM
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 Jack Sampson
Investment Insights
Based on property information with market context.
This single-story specialty commercial property contains 1,405 SF on a 0.45-acre site. Constructed in 1979, the building has a reported FAR of 0.07 and is zoned IL, supporting its classification within a light industrial commercial setting.
The property is located at 4129 Southwest Boulevard in Tulsa’s West submarket, near the MLK Jr. Memorial Expressway, where traffic is reported at 23,366 VPD. A bus line serves the area, and the site has a car-accessibility rating of 100, described as exceptionally friendly.
The property is located at 4129 Southwest Boulevard in Tulsa’s West submarket, near the MLK Jr. Memorial Expressway, where traffic is reported at 23,366 VPD. A bus line serves the area, and the site has a car-accessibility rating of 100, described as exceptionally friendly.
Key Highlights
- 1,405 SF single‑story specialty commercial building
- 0.45‑acre site with a reported FAR of 0.07
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,863
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,260
$317.3K
Cap Rate 7%
$226,614
$226.6K
Cap Rate 9%
$176,256
$176.3K
Market Conditions
NOI Build-Up for 1,405 SF
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.
Gross rent
$21.9K $15.60/SF
− Vacancy
−$767 −$0.55/SF
EGI
$21.2K $15.05/SF
− OpEx
−$5.3K −$3.76/SF
NOI
$15.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,260
Cap Rate 7%
$226,614
Cap Rate 9%
$176,256
Alternative Uses
Best Use
Specialty Retail
$226.6K
$198.3K – $264.4K
NOI $15,863 @ 7.0% cap · market cap 4.88%
Second Best
Retail
$193.2K
$169.1K – $225.4K
NOI $13,525 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$299.7K
$262.2K – $349.6K
NOI $20,977 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
23,366 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
QuikTrip
Shops & Services
16,259 visits/mo
0.4 miles
Dollar Tree
Shops & Services
5,722 visits/mo
0.2 miles
Arby's
Dining
5,194 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,238 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
4,028 visits/mo
0.4 miles
Demographics for 74107, OK
19,453
Population
8,566
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
86%
High-School Grad
25.4 sq mi
ZIP Area
766
Density / Sq Mi
$53,098
Median Household Income
$36,274
Median Earnings
$938
Median Rent
$124,100
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - IL-zoned specialty commercial building with direct roadway access and transit service in Tulsa’s West submarket.
Where is this gas station located?
The property is located at 4129 Southwest Boulevard Tulsa, OK.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,405 SF single‑story specialty commercial building; 0.45‑acre site with a reported FAR of 0.07; Built in 1979
