Freestanding Storefront
New
For Sale
Contact for pricing
6735 N Peoria Ave, Tulsa, OK 74126
Corner-positioned site with multiple access points, frontage along N Peoria Ave, and Commercial Shopping zoning.
Property Size1,110 SF
Lot Size1.24 Acres
Price / SF$157.66
Days on Market7
Property Features for 6735 N Peoria Ave
General Information
Standard status
Active
Size
1,110 SF
Lot size
1.24 Acres
Property subtype
Retail
Zoning
Commercial Shopping
Investment Type
Owner/User
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Building Details
Buildings
1
Listing Agency:
McGraw Commercial Properties
(713) 560-0556
Listed By:
Todd Frankenfield · License #212124
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 18 at 6:05AM
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
Investment Insights
Based on property information with market context.
This freestanding storefront property includes an existing commercial structure on a 1.24-acre site. The building is positioned at a hard corner along N Peoria Ave, with multiple access points and frontage supporting its street presence. Commercial Shopping zoning is in place, and underground tanks have been removed from the property.
The site is located in North Tulsa and offers a combination of improved building area and land. Its existing structure can support continued commercial use, while the acreage and corner configuration also provide flexibility for future site planning or redevelopment, subject to applicable approvals.
The site is located in North Tulsa and offers a combination of improved building area and land. Its existing structure can support continued commercial use, while the acreage and corner configuration also provide flexibility for future site planning or redevelopment, subject to applicable approvals.
Key Highlights
- 1.24‑acre site with an existing freestanding commercial building
- Hard‑corner position along N Peoria Ave
- Multiple points of access
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
$10,685
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
6.11%
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%
$213,700
$213.7K
Cap Rate 7%
$152,643
$152.6K
Cap Rate 9%
$118,722
$118.7K
Market Conditions
NOI Build-Up for 1,110 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
$16.0K $14.40/SF
− Vacancy
−$719 −$0.65/SF
EGI
$15.3K $13.75/SF
− OpEx
−$4.6K −$4.13/SF
NOI
$10.7K $9.63/SF
Area
Tulsa, OK
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$213,700
Cap Rate 7%
$152,643
Cap Rate 9%
$118,722
Alternative Uses
Best Use
Retail
$152.6K
$133.6K – $178.1K
NOI $10,685 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$236.7K
$207.2K – $276.2K
NOI $16,572 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
126k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
Home Improvements & Furnishings 1%
QuikTrip
Shops & Services
31,845 visits/mo
0.4 miles
McDonald's
Dining
23,357 visits/mo
0.4 miles
Braum's Ice Cream & Dairy Stores
Dining
17,797 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
13,266 visits/mo
0.4 miles
Wendy's
Dining
10,349 visits/mo
0.3 miles
Demographics for 74126, OK
10,338
Population
4,742
Households
2.2
Avg Household Size
37
Median Age
8%
College-Educated
79%
High-School Grad
24.1 sq mi
ZIP Area
429
Density / Sq Mi
$39,390
Median Household Income
$28,132
Median Earnings
$1,043
Median Rent
$61,000
Median Home Value
Market
Vacancy Rate% for Retail in Tulsa, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner-positioned site with multiple access points, frontage along N Peoria Ave, and Commercial Shopping zoning.
Where is this storefront property located?
The property is located at 6735 N Peoria Ave Tulsa, OK.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1.24‑acre site with an existing freestanding commercial building; Hard‑corner position along N Peoria Ave; Multiple points of access
