Corner Freestanding
For Sale
Contact for pricing
8104 E 68th St, Tulsa, OK 74133
Freestanding restaurant property on a high-visibility corner with strong Memorial Drive and E 68th Street access.
Property Size8,497 SF
Price / SF$353.07
Days on Market145
Property Features for 8104 E 68th St
General Information
Standard status
Active
Size
8,497 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Listing Agency:
McGraw Commercial Properties | Tulsa
(918) 724-8955
Listed By:
Dick Alaback · License ##72008
(918) 724-8955
Source:
Moodyscre
Added: Mar 11
Changed: Jul 30
Last Checked: Aug 1 at 2:22PM
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
Investment Insights
Based on property information with market context.
This freestanding restaurant property offers existing infrastructure suited for casual dining, fast-casual, or drive-thru concepts. The site totals 8,497 SF and is positioned for everyday customer traffic from the surrounding retail corridor.
The property sits on a corner with strong frontage along E 68th St and S Memorial Dr, totaling 222’ on E 68th St and 160’ on S Memorial Dr. Traffic counts are reported at 31,000–36,500 VPD, including 36,532 VPD within 0.34 mi. It also benefits from the Woodland Hills Mall trade area, with approximately 640,000 visits noted for Oct 2025.
The surrounding tenant mix and major retail adjacency include Scheels and a Walmart Supercenter in Oklahoma. The site is described as having excellent ingress/egress from Memorial Drive and E 68th Street for both shoppers and commuters.
The property sits on a corner with strong frontage along E 68th St and S Memorial Dr, totaling 222’ on E 68th St and 160’ on S Memorial Dr. Traffic counts are reported at 31,000–36,500 VPD, including 36,532 VPD within 0.34 mi. It also benefits from the Woodland Hills Mall trade area, with approximately 640,000 visits noted for Oct 2025.
The surrounding tenant mix and major retail adjacency include Scheels and a Walmart Supercenter in Oklahoma. The site is described as having excellent ingress/egress from Memorial Drive and E 68th Street for both shoppers and commuters.
Key Highlights
- 8,497 SF freestanding restaurant site with existing infrastructure
- 222’ frontage on E 68th St and 160’ on S Memorial Dr
- 31,000–36,500 VPD reported, including 36,532 VPD within 0.34 mi
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 | $168.2k | $19.80 |
| − Vacancy | −$10.1k | −$1.19 |
| EGI | $158.1k | $18.61 |
| − OpEx | −$39.5k | −$4.65 |
| NOI | $118.6k | $13.96 |
8,497 SF · lease $19.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.69M
$1.48M – $1.98M
NOI $118,610 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,840 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74133, OK
48,331
Population
22,638
Households
2.1
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,528
Density / Sq Mi
$73,983
Median Household Income
$43,897
Median Earnings
$1,129
Median Rent
$254,700
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?
Conventional restaurant - Freestanding restaurant property on a high-visibility corner with strong Memorial Drive and E 68th Street access.
Where is this conventional restaurant located?
The property is located at 8104 E 68th 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: 8,497 SF freestanding restaurant site with existing infrastructure; 222’ frontage on E 68th St and 160’ on S Memorial Dr; 31,000–36,500 VPD reported, including 36,532 VPD within 0.34 mi
