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    Prime Tulsa Shopping Center Space Title is generated by Realmo AI

    7033 S Memorial Avenue, Tulsa, OK 74133

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    COMMERCIAL - Tulsa, OK

    Type:Retail
    Property size:
    25,175 SF
    Price / SF:
    $0.26/SF
    Added:
    Dec 30, 2025
    Days on Market:
    136
    Last Refresh:
    May 15 at 10:06 am

    Property Features for 7033 S Memorial Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    CG
    Interior features
    9' Ceiling Height, Display Window
    Exterior features
    Dumpster, Lighting, Pole Sign, Roof Sign
    Standard status
    Active
    APN
    98301-83-01-26810
    Size
    25,175 SF

    Taxes and HOA fees

    Tax Description
    PRT SW SW BEG 60N & 60E SWC SW TH E270 N270 W270 S270 POB LESS BEG SWC THEREOF TH N45 SE63.64 S45 POB SEC 1 18 13 1.65 AC

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1993
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Concrete

    We can help!

    Listing Contact
    Gage Martin
    Gage Martin

    Listing agent Gage Martin License #151970

    Listing office Chinowth & Cohen 3912 E 91st St, Tulsa, OK

    Listing date Dec 30, 2025

    MLS# 2551218

    Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location directly across from Woodland Hills Mall and next to SCHEELS.
    • High visibility with 125,800 vehicles of daily traffic.
    • 3,500 sq. ft. courtyard‑facing suite visible from Memorial Drive and 71st Street.
    • Ideal for a restaurant or retail concept.
    • Features expansive open area, three smaller rooms/offices, and a walk‑in safe.
    • Includes interior features such as 9' ceiling height and display window.

    Overview

    A 3,500 square foot suite is available within a shopping center. The property benefits from high visibility, situated directly across from Woodland Hills Mall and adjacent to SCHEELS. The location experiences a high traffic volume of 125,800 vehicles daily. The available suite faces the courtyard and is visible from both Memorial Drive and 71st Street. The layout includes an expansive open area, three smaller rooms or offices, and a walk-in safe. The space is suitable for a restaurant or retail concept. The property is located in Tulsa, OK, with a total property size of 25,175 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Square 91 — S Memorial Dr, Tulsa, OK 74133

    Map

    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.8789
    Latitude
    36.0413

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    FAQs

    What type of property is this?
    Shopping center - High-visibility retail or restaurant space near Woodland Hills Mall.
    Where is this shopping center located?
    The property is located at 7033 S Memorial Avenue Tulsa, OK.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location directly across from Woodland Hills Mall and next to SCHEELS.; High visibility with **125,800 vehicles of daily traffic**.; **3,500 sq. ft. courtyard‑facing suite** visible from Memorial Drive and 71st Street.
    (918) 392-0900
    We can help!
    Listing Contact
    Gage Martin
    Gage Martin
    Real Estate License ID: 151970
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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