Two-Building Restaurant
6151 E Tecumseh Street Tulsa, OK 74115
6151 E Tecumseh Street, Tulsa, OK, 74115
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For Sale
Contact for pricing
Restaurant property in great condition with two separate utility meters for flexible single or dual-tenant use.
Property Size2,384 SF
Price / SF$167.37
Days on Market84
Property Features for 6151 E Tecumseh Street
General Information
- Standard status
- Active
- Size
- 2,384 SF
- Property subtype
- Business for Sale, Office, Retail, Industrial
Building Details
- Year Built
- 2016
Listing agency
Coldwell Banker Select
Listed by
Angela Alred · License #104451
Source
Crexi
Added: Apr 29 Updated: Jul 20 at 6:52PM Checked: Jul 20 at 6:52PM
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 Coldwell Banker Select
Investment Insights
Based on property information with market context.
This restaurant property is offered for sale as two buildings and is described as being in great condition. The buildings feature two separate utility meters, which can be combined as needed for one operation, or used to support separate occupancy. One side can operate as a restaurant while the other side can be leased for additional income.
The property is located at 6151 E Tecumseh Street in Tulsa, OK. The listing price is for both buildings together.
The property is located at 6151 E Tecumseh Street in Tulsa, OK. The listing price is for both buildings together.
Key Highlights
- Year built 2016 restaurant property in great condition
- Two separate utility meters for flexible single- or dual‑tenant use
- Can be operated as one business or set up as restaurant on one side and lease the other side
Local Financial Insights For Specialty 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 | $37.2k | $15.60 |
| − Vacancy | −$1.3k | −$0.55 |
| EGI | $35.9k | $15.05 |
| − OpEx | −$9.0k | −$3.76 |
| NOI | $26.9k | $11.29 |
2,384 SF · lease $15.60/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$384.5K
$336.5K – $448.6K
NOI $26,917 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$508.5K
$444.9K – $593.2K
NOI $35,593 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant property in great condition with two separate utility meters for flexible single or dual-tenant use.
Where is this conventional restaurant located?
The property is located at 6151 E Tecumseh Street Tulsa, OK.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Year built 2016 restaurant property in great condition; Two separate utility meters for flexible single- or dual‑tenant use; Can be operated as one business or set up as restaurant on one side and lease the other side
