Build-to-Suit Retail
For Sale
Contact for pricing
8421 E 61st Street 321a, Tulsa, OK 74133
Retail space with new HVAC, roof, and parking lot, with build-to-suit interior renovations underway in Tulsa.
Property Size4,871 SF
Price / SF$1.85
Days on Market95
Property Features for 8421 E 61st Street 321a
General Information
Standard status
Active
Size
4,871 SF
Building Details
Year Built
1985
Listing Agency:
RE/MAX Results
Listed By:
Clinton Taylor Jr · License #204154
(918) 704-4605
Source:
Accentrealtors
Added: Jul 20
Changed: Oct 3
Last Checked: Oct 20 at 10:57PM
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.
This retail space is positioned for a build-to-suit experience, with multiple exterior and systems improvements underway. The complex includes new HVAC units, along with a new roof and fresh exterior paint to support durability and curb appeal. A new parking lot is also planned or in progress to help provide convenient customer access. Interior renovations are being tailored next to create a layout suited to the tenant’s needs.
Located at 8421 E 61st Street 321A in Tulsa, Oklahoma, the property benefits from its placement at 61st and Memorial, an area described in the remarks as high activity with strong foot traffic and visibility.
Located at 8421 E 61st Street 321A in Tulsa, Oklahoma, the property benefits from its placement at 61st and Memorial, an area described in the remarks as high activity with strong foot traffic and visibility.
Key Highlights
- Retail/commercial space built in 1985 at 61st & Memorial in Tulsa
- New HVAC units throughout the complex
- New roof planned/installed for added durability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,664
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,280
$1.2M
Cap Rate 7%
$838,057
$838.1K
Cap Rate 9%
$651,822
$651.8K
Market Conditions
NOI Build-Up for 4,871 SF
Gross rent
$90.6K $18.60/SF
− Vacancy
−$6.8K −$1.40/SF
EGI
$83.8K $17.21/SF
− OpEx
−$25.1K −$5.16/SF
NOI
$58.7K $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%
$1,173,280
Cap Rate 7%
$838,057
Cap Rate 9%
$651,822
Alternative Uses
Best Use
Retail
$838.1K
$733.3K – $977.7K
NOI $58,664 @ 7.0% cap · market cap 651.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,484 @ 7.0% cap · market cap 1,005.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
139k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 44%
Dining 30%
Groceries 14%
Shops & Services 13%
T.J. Maxx
Apparel
51,542 visits/mo
0.2 miles
Aldi
Groceries
18,937 visits/mo
0.2 miles
Hooters
Dining
18,222 visits/mo
0.3 miles
Uptown Cheapskate
Apparel
9,410 visits/mo
0.2 miles
Jason's Deli
Dining
8,746 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
Vacancy Rate% for Retail in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with new HVAC, roof, and parking lot, with build-to-suit interior renovations underway in Tulsa.
Where is this retail space located?
The property is located at 8421 E 61st Street 321a Tulsa, OK.
What are key features of this property?
This property features: Retail/commercial space built in 1985 at 61st & Memorial in Tulsa; New HVAC units throughout the complex; New roof planned/installed for added durability
