Retail Space with Build-to-Suit
For Sale
Contact for pricing
8321 E 61st Street 202, Tulsa, OK 74133
Suite improvements include new HVAC and planned parking, roofing, exterior paint, and interior work.
Property Size4,754 SF
Price / SF$0.64
Days on Market73
Property Features for 8321 E 61st Street 202
General Information
Standard status
Active
Size
4,754 SF
Building Details
Year Built
1985
Listing Agency:
RE/MAX Results
Listed By:
Clinton Taylor Jr · License #204154
(918) 704-4605
Source:
Accentrealtors
Added: Aug 5
Changed: Oct 13
Last Checked: Oct 15 at 2:21AM
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.
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 · market cap 1,879.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,310 @ 7.0% cap · market cap 2,899.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Market
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
