Retail Space with Build-to-Suit
8321 E 61st Street 202, Tulsa, OK 74133
For Sale
Contact for pricing
Suite improvements include new HVAC and planned parking, roofing, exterior paint, and interior work.
Property Size4,754 SF
Price / SF$0.64
Days on Market98
Property Features for 8321 E 61st Street 202
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
RE/MAX Results
Listed By:
Clinton Taylor Jr · License OK #204154
(918) 704-4605
Source:
Accentrealtors
Added: Aug 5
Changed: Oct 26
Last Checked: Nov 10 at 3:40PM
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 RE/MAX Results
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 202 comprises 4,754 square feet of retail space within a complex built in 1985. New HVAC units are being installed throughout the complex, while management is offering build-to-suit options for businesses seeking a customized interior arrangement. Interior renovation work is planned to tailor the space for future occupancy.
The property is located at 8321 E 61st Street in Tulsa, Oklahoma, at the intersection of 61st and Memorial. Additional site improvements include a new parking lot, roof replacement, and fresh exterior paint. These projects address access, building durability, and the exterior presentation while the interior work proceeds.
The property is located at 8321 E 61st Street in Tulsa, Oklahoma, at the intersection of 61st and Memorial. Additional site improvements include a new parking lot, roof replacement, and fresh exterior paint. These projects address access, building durability, and the exterior presentation while the interior work proceeds.
Key Highlights
- 4,754‑square‑foot retail space in Suite 202
- Build‑to‑suit options available through management
- New HVAC units planned throughout the complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,255
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,100
$1.1M
Cap Rate 7%
$817,929
$817.9K
Cap Rate 9%
$636,167
$636.2K
Market Conditions
NOI Build-Up for 4,754 SF
Gross rent
$88.4K $18.60/SF
− Vacancy
−$6.6K −$1.40/SF
EGI
$81.8K $17.21/SF
− OpEx
−$24.5K −$5.16/SF
NOI
$57.3K $12.04/SF
Area
ZIP 74133
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,100
Cap Rate 7%
$817,929
Cap Rate 9%
$636,167
Alternative Uses
Best Use
Retail
$817.9K
$715.7K – $954.3K
NOI $57,255 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,310 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
170k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 36%
Shops & Services 28%
Dining 25%
Groceries 11%
T.J. Maxx
Apparel
51,542 visits/mo
0.1 miles
QuikTrip
Shops & Services
30,677 visits/mo
0.4 miles
Aldi
Groceries
18,937 visits/mo
0.1 miles
Hooters
Dining
18,222 visits/mo
0.1 miles
Uptown Cheapskate
Apparel
9,410 visits/mo
0.1 miles
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
$254,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Tulsa, OK
Properties on Market for Retail space in Tulsa
Vacancy Rate% for Retail in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Retail space - Suite improvements include new HVAC and planned parking, roofing, exterior paint, and interior work.
Where is this retail space located?
The property is located at 8321 E 61st Street 202 Tulsa, OK.
What are key features of this property?
This property features: 4,754‑square‑foot retail space in Suite 202; Build‑to‑suit options available through management; New HVAC units planned throughout the complex
