Retail Space with Custom
For Sale
Contact for pricing
8321 E 61st Street 223a, Tulsa, OK 74133
Retail space with new HVAC and planned property improvements, including parking, roofing, and exterior updates.
Property Size2,507 SF
Price / SF$2.03
Days on Market71
Property Features for 8321 E 61st Street 223a
General Information
Standard status
Active
Size
2,507 SF
Building Details
Year Built
1985
Listing Agency:
RE/MAX Results
Listed By:
Clinton Taylor Jr · License #204154
(918) 704-4605
Source:
Thewolekgroup
Added: Aug 8
Changed: Oct 15
Last Checked: Oct 16 at 10:49AM
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
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Investment Insights
Based on property information with market context.
This 2,507-square-foot retail space is positioned within a complex undergoing multiple property improvements. New HVAC units have been installed throughout the complex, while work is underway on a replacement parking lot, new roofing, and fresh exterior paint. Interior renovations are planned to shape the space for its next commercial use.
The property is located at 8321 E 61st Street 223A in Tulsa, with the offering identified near the intersection of 61st and Memorial. Build-to-suit options are available through management, allowing the interior configuration to be developed around the intended business concept. Originally built in 1985, the space combines an existing retail footprint with ongoing exterior and interior improvements.
The property is located at 8321 E 61st Street 223A in Tulsa, with the offering identified near the intersection of 61st and Memorial. Build-to-suit options are available through management, allowing the interior configuration to be developed around the intended business concept. Originally built in 1985, the space combines an existing retail footprint with ongoing exterior and interior improvements.
Key Highlights
- 2,507‑square‑foot retail space at 8321 E 61st Street 223A
- New HVAC units installed throughout the complex
- New parking lot currently underway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,193
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,860
$603.9K
Cap Rate 7%
$431,329
$431.3K
Cap Rate 9%
$335,478
$335.5K
Market Conditions
NOI Build-Up for 2,507 SF
Gross rent
$46.6K $18.60/SF
− Vacancy
−$3.5K −$1.40/SF
EGI
$43.1K $17.21/SF
− OpEx
−$12.9K −$5.16/SF
NOI
$30.2K $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%
$603,860
Cap Rate 7%
$431,329
Cap Rate 9%
$335,478
Alternative Uses
Best Use
Retail
$431.3K
$377.4K – $503.2K
NOI $30,193 @ 7.0% cap · market cap 592.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$665.3K
$582.1K – $776.2K
NOI $46,570 @ 7.0% cap · market cap 913.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Market
Vacancy Rate% for Retail in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with new HVAC and planned property improvements, including parking, roofing, and exterior updates.
Where is this retail space located?
The property is located at 8321 E 61st Street 223a Tulsa, OK.
What are key features of this property?
This property features: 2,507‑square‑foot retail space at 8321 E 61st Street 223A; New HVAC units installed throughout the complex; New parking lot currently underway
