Highway-Frontage Restaurant Development
For Sale
$850,000
4705 E Highway 37, Tuttle, OK 73089
Retail and restaurant-ready land with substantial Highway 37 frontage and flexible assemblage options with adjacent parcels.
Property Size4,000 SF
Price / SF$212.50
Days on Market299
Property Features for 4705 E Highway 37
General Information
Standard status
Active
Size
4,000 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Whittington Realty
(405) 408-2613
Listed By:
Jennifer J Bullard · License #119283
(405) 408-2613
Source:
Exprealty
Added: Oct 7, 2025
Changed: Jul 10
Last Checked: Jul 31 at 7:45PM
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 Whittington Realty
Investment Insights
Based on property information with market context.
This listing offers commercial land at 4705 E Highway 37 in Tuttle, Oklahoma, with 80 feet of highway frontage. The site is positioned for businesses seeking direct visibility and drive-by access along Highway 37.
The property is located approximately 1/4 mile from the Highway 37 and Highway 4 intersection. An adjoining property to the east is also for sale (4707 E Highway 37), and together the two parcels present a potential of almost 300 feet of combined highway frontage. Additional land north of the subject property (2.12 acres) may be purchased in combination with 4705 E Highway 37 and/or 4707 E Highway 37; however, the north parcel will not be sold separately prior to the sale of one or both Highway 37 properties.
From a tenant or operator fit perspective, the property’s highway frontage supports retail and restaurant concepts that benefit from high-traffic exposure. The seller’s remarks also note activity nearby, including Braums purchasing land and McDonald’s purchasing and clearing land, as well as a planned casino in the area. For buyers evaluating an assemblage strategy, the ability to combine adjacent parcels for greater frontage can be a key factor when planning future site layouts and curb-line access.
The property is located approximately 1/4 mile from the Highway 37 and Highway 4 intersection. An adjoining property to the east is also for sale (4707 E Highway 37), and together the two parcels present a potential of almost 300 feet of combined highway frontage. Additional land north of the subject property (2.12 acres) may be purchased in combination with 4705 E Highway 37 and/or 4707 E Highway 37; however, the north parcel will not be sold separately prior to the sale of one or both Highway 37 properties.
From a tenant or operator fit perspective, the property’s highway frontage supports retail and restaurant concepts that benefit from high-traffic exposure. The seller’s remarks also note activity nearby, including Braums purchasing land and McDonald’s purchasing and clearing land, as well as a planned casino in the area. For buyers evaluating an assemblage strategy, the ability to combine adjacent parcels for greater frontage can be a key factor when planning future site layouts and curb-line access.
Key Highlights
- About 1/4 mile from the Hwy 37 & Hwy 4 intersection
- 80' of highway frontage on E Highway 37
- Potential for almost 300' of combined frontage if purchased with 4707 E Highway 37
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 | $60.0k | $15.00 |
| − Vacancy | −$3.0k | −$0.75 |
| EGI | $57.0k | $14.25 |
| − OpEx | −$17.1k | −$4.27 |
| NOI | $39.9k | $9.98 |
4,000 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$570.0K
$498.8K – $665.0K
NOI $39,900 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$966.9K
$846.0K – $1.13M
NOI $67,680 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 73089, OK
13,696
Population
5,040
Households
2.7
Avg Household Size
41
Median Age
26%
College-Educated
93%
High-School Grad
106.8 sq mi
ZIP Area
128
Density / Sq Mi
$101,205
Median Household Income
$52,277
Median Earnings
$912
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Retail and restaurant-ready land with substantial Highway 37 frontage and flexible assemblage options with adjacent parcels.
Where is this commercial land located?
The property is located at 4705 E Highway 37 Tuttle, OK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: About 1/4 mile from the Hwy 37 & Hwy 4 intersection; 80' of highway frontage on E Highway 37; Potential for almost 300' of combined frontage if purchased with 4707 E Highway 37
