8321 E 61st Street 321g, Tulsa, OK 74133

Building Details

Year Built 1985 More

Listing Agency: RE/MAX Results

Listed By: Clinton Taylor Jr · License OK #204154 Show Phone

Source: Accentrealtors

Added: Aug 7 Changed: Nov 2 Last Checked: Nov 10 at 12:22PM

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Investment Insights

Based on property information with market context.

This 1,993-square-foot retail space is located at 8321 E 61st Street, Suite 321G, in Tulsa. Built in 1985, the property is being repositioned with build-to-suit options that allow management to tailor the interior for an incoming business.

Capital improvements include new HVAC units throughout the complex, a new parking lot, roof replacement, and fresh exterior paint. Interior renovations are planned to further adapt the space. The property is situated at 61st and Memorial, providing a retail setting with direct access from E 61st Street.

Key Highlights

• 1,993‑square‑foot retail space at 8321 E 61st Street, Suite 321G
• Build‑to‑suit options available for interior customization
• New HVAC units planned throughout the complex

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,003

Suggested Prices Based on Cap Rates

Cap Rate 5%

$480,060 $480.1K

Cap Rate 7%

$342,900 $342.9K

Cap Rate 9%

$266,700 $266.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,993 SF

Gross rent

$37.1K $18.60/SF

− Vacancy

−$2.8K −$1.40/SF

EGI

$34.3K $17.21/SF

− OpEx

−$10.3K −$5.16/SF

NOI

$24.0K $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%

$480,060

Cap Rate 7%

$342,900

Cap Rate 9%

$266,700

Alternative Uses

Best Use

Retail

$342.9K

$300.0K – $400.1K (±1% cap)

NOI $24,003 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$528.9K

$462.8K – $617.0K (±1% cap)

NOI $37,022 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Globe Life American ... Insurance Agency All State Financial ... Financial Advisor Med-Staff Oklahoma Employment Agency Jarvis Inc Law Firm Jason's Deli Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Average Price Trend$/SF for Retail space in Tulsa, OK

$75.63 Jul

$35.64 Aug

$33.1 Sep

$50.7 Oct

Properties on Market for Retail space in Tulsa

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Tulsa, OK

7.2% 2019

7.6% 2020

6.6% 2021

5.6% 2022

5.2% 2023

5.6% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Suite improvements include new HVAC units, a planned parking lot, roof work, and exterior painting.

Where is this retail space located?

The property is located at 8321 E 61st Street 321g Tulsa, OK.

What are key features of this property?

This property features: 1,993‑square‑foot retail space at 8321 E 61st Street, Suite 321G; Build‑to‑suit options available for interior customization; New HVAC units planned throughout the complex