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    Fully Occupied Tulsa Commercial Property Title is generated by Realmo AI

    5711 E 71ST ST, Tulsa, OK

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    Well-maintained commercial property on 71st Street in Tulsa, Oklahoma.

    Type:RETAIL
    Property size:
    16,338 SF
    Lot size:
    1.15 Acres
    Price / SF:
    $183/SF
    Added:
    Apr 10, 2025
    Days on Market:
    431
    Last Refresh:
    May 20 at 9:51 pm

    Property Features for 5711 E 71ST ST

    General Information

    Standard status
    Active
    Size
    16,338 SF
    Lot size
    1.15 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Andrew Leach
    Andrew Leach

    Listing agent Andrew Leach License #174020

    Listing office McGraw Commercial Properties | Tulsa

    Listing date Apr 10, 2025

    Source Moodyscre

    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 McGraw Commercial Properties | Tulsa

    HighLights

    • Prime Tulsa location on 71st Street offering excellent accessibility and visibility.
    • Fully occupied commercial property, providing immediate income.
    • Well‑maintained property with great, long‑term, and well‑established tenants.
    • Stable and lucrative investment opportunity.
    • Recently sealed, regraded, and striped parking lot.
    • Well‑built commercial property.

    Overview

    This is a fully occupied commercial property located on 71st Street in Tulsa, offering accessibility and visibility. The property is well-maintained and features long-term, established tenants. The parking lot has been recently sealed, regraded, and striped. The property size is 16338 square feet.

    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 $235.3k $14.40
    − Vacancy −$10.6k −$0.65
    EGI $224.7k $13.75
    − OpEx −$67.4k −$4.13
    NOI $157.3k $9.63
    16,338 SF · lease $14.40/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.25M
    $1.97M – $2.62M (±1% cap)
    NOI $157,276 @ 7.0% cap · market cap 5.24%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.48M
    $3.05M – $4.07M (±1% cap)
    NOI $243,925 @ 7.0% cap · market cap 8.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kevin Quang Physician Yorktown Builders Construction Company Metro Tulsa Foot ... Physician Craft Concierge - Direct ... Physician Elevate Holistics Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • River Park Square — S Peoria Ave, Tulsa, OK 74136
    • Bridgepointe — 1660 E 71st St, Tulsa, OK 74136

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.9123
    Latitude
    36.0615

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    FAQs

    What type of property is this?
    Shopping center - Well-maintained commercial property on 71st Street in Tulsa, Oklahoma.
    Where is this shopping center located?
    The property is located at 5711 E 71ST ST Tulsa, OK.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Prime Tulsa location on 71st Street offering excellent accessibility and visibility.; Fully occupied commercial property, providing immediate income.; Well‑maintained property with great, long‑term, and well‑established tenants.
    (972) 814-8093 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Leach
    Andrew Leach
    Real Estate License ID: 174020
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