Freestanding Retail Building with
621 S Kenosha Avenue Tulsa, OK 74120
621 S Kenosha Avenue, Tulsa, OK, 74120
$875,000
For Sale
$875,000
Freestanding, updated building with unobstructed downtown views and a private parking lot.
Property Size4,450 SF
Price / SF$196.63
Days on Market578
Property Features for 621 S Kenosha Avenue
General Information
- Standard status
- Active
- Size
- 4,450 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing agency
Chinowth & Cohen
(918) 630-6468
Listed by
Amanda Bivens · License #172154
(918) 630-6468
Source
Xome
Added: Dec 20, 2024 Updated: Jul 21 at 12:13AM Checked: Jul 21 at 3:10AM
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 Chinowth & Cohen
Investment Insights
Based on property information with market context.
This freestanding retail building has been updated and is described as meticulously maintained. The property offers unobstructed views of downtown and includes a private parking lot for on-site convenience. The structure is described as having robust capacity to expand up to three stories, providing flexibility for future buildout.
Located at 621 S Kenosha Avenue in Tulsa’s East Village District, the site is positioned right off a highway exit and 7th Street, supporting convenient regional access.
The building is presented as a versatile space that can support a range of commercial uses, including restaurant, bar, office, retail, or jewelry concepts, subject to applicable approvals.
Located at 621 S Kenosha Avenue in Tulsa’s East Village District, the site is positioned right off a highway exit and 7th Street, supporting convenient regional access.
The building is presented as a versatile space that can support a range of commercial uses, including restaurant, bar, office, retail, or jewelry concepts, subject to applicable approvals.
Key Highlights
- Freestanding, updated commercial building in Tulsa’s East Village District with unobstructed downtown views
- Private parking lot on‑site
- Structural capacity to expand up to 3 stories
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 | $64.1k | $14.40 |
| − Vacancy | −$2.9k | −$0.65 |
| EGI | $61.2k | $13.75 |
| − OpEx | −$18.4k | −$4.13 |
| NOI | $42.8k | $9.63 |
4,450 SF · lease $14.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$612.0K
$535.5K – $714.0K
NOI $42,837 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$949.1K
$830.5K – $1.11M
NOI $66,438 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
B B Auto ...
Parking Lot & Garage
The Flower Shop Dispensary
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding, updated building with unobstructed downtown views and a private parking lot.
Where is this retail space located?
The property is located at 621 S Kenosha Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Freestanding, updated commercial building in Tulsa’s East Village District with unobstructed downtown views; Private parking lot on‑site; Structural capacity to expand up to 3 stories
