Turnkey Restaurant on Historic
4070 Southwest Blvd, Tulsa, OK 74107
Freestanding, income-producing commercial asset on historic Route 66.
Type:Retail
Property size:
5,450 SFPrice / SF:
$183/SF- Added:
- Feb 9, 2024
- Days on Market:
- 840
- Last Refresh:
- May 13 at 8:03 pm
Property Features for 4070 Southwest Blvd
General Information
- Standard status
- Active
- Size
- 5,450 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1983
Listing agent Brad Baldwin License #OK 172300
Listing office Bauer & Associates
Listing date Feb 9, 2024
Source Crexi
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 Bauer & Associates
HighLights
- Turnkey restaurant with existing equipment included, offering immediate income potential.
- Located on historic Route 66 in Tulsa's Red Fork corridor.
- Zoned IL (Industrial Light), providing flexibility for various commercial and light industrial uses.
- Freestanding 5,450± SF building with high visibility on Southwest Boulevard.
- 46 on‑site parking spaces, supporting strong customer capacity.
- Investor opportunity with both operational and long‑term investment appeal.
Overview
Located along historic Route 66 in Tulsa’s Red Fork corridor, Ollie’s Station Restaurant offers the opportunity to acquire a freestanding, income-producing commercial asset. The 5,450 square foot building is positioned on a highly visible stretch of Southwest Boulevard and features 46 on-site parking spaces. Zoned IL (Industrial Light), the property allows for a variety of commercial and light industrial uses, making it suited for investors seeking continued restaurant operation, rebranding, or repositioning. The sale includes existing restaurant equipment. The property’s combination of Route 66 exposure, historical significance, and zoning flexibility creates multiple exit strategies for both owner-users and investors. Red Fork played a pivotal role in the early development of Route 66, serving as a key western gateway into Tulsa. Today, the corridor continues to benefit from heritage tourism, local patronage, and revitalization interest, positioning this property for both near-term cash flow and long-term appreciation driven by experiential retail and destination dining trends.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.0k | $15.60 |
| − Vacancy | −$3.0k | −$0.55 |
| EGI | $82.0k | $15.05 |
| − OpEx | −$20.5k | −$3.76 |
| NOI | $61.5k | $11.29 |
5,450 SF · lease $15.60/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$879.0K
$769.2K – $1.03M
NOI $61,533 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$749.5K
$655.8K – $874.4K
NOI $52,464 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,368 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Ollie's Station
Restaurant
Location Insight
- Map
- Local Demand
- City
- Tulsa
- County
- Creek
- State
- Oklahoma
- Longitude
- -96.02248
- Latitude
- 36.104543
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Freestanding, income-producing commercial asset on historic Route 66.
Where is this conventional restaurant located?
The property is located at 4070 Southwest Blvd Tulsa, OK.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Turnkey restaurant with existing equipment included, offering immediate income potential.; Located on historic Route 66 in Tulsa's Red Fork corridor.; Zoned IL (Industrial Light), providing flexibility for various commercial and light industrial uses.
