Tire Shop with Adjacent
For Sale
$595,000
919 Sheridan Road, Tulsa, OK 74112
Tenant-occupied tire shop sits on multiple lots with fenced, asphalted back-lot area.
Property Size3,572 SF
Lot Size0.66 Acres
Price / SF$166.57
Days on Market269
Property Features for 919 Sheridan Road
General Information
Standard status
Active
Size
3,572 SF
Lot size
0.66 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$2,700
Amenities
None, Central Air, Electric
3
Building Details
Year Built
1985
Listing Agency:
Norris & Associates
(918) 758-9999
Listed By:
Gregory Norris · License #123466
(918) 758-9999
Source:
Xome
Added: Nov 16, 2025
Changed: Aug 8
Last Checked: Aug 11 at 5:33AM
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 Norris & Associates
Investment Insights
Based on property information with market context.
This offering includes three lots totaling 28,800 square feet, featuring a tenant-occupied tire shop of approximately 3,400 square feet. The back lot is fenced in and asphalted, providing additional secured, paved outdoor space to support automotive-related operations.
The property is positioned directly on Sheridan Road, across from QT, in a busy area near car dealerships. It also offers convenient access to major highway routes and is described as being near the airport.
Rent is reported at $2,800 per month for the current tenant. The listing also notes the included eastern lots at 6505 and 6511 E 10th.
The property is positioned directly on Sheridan Road, across from QT, in a busy area near car dealerships. It also offers convenient access to major highway routes and is described as being near the airport.
Rent is reported at $2,800 per month for the current tenant. The listing also notes the included eastern lots at 6505 and 6511 E 10th.
Key Highlights
- Tenant‑occupied tire shop with a 3,400 SF building
- Total 28,800 SF across multiple lots, including lots at 6505 and 6511 E 10th
- Back‑lot area is fenced in and asphalted
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,386
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$687,720
$687.7K
Cap Rate 7%
$491,229
$491.2K
Cap Rate 9%
$382,067
$382.1K
Market Conditions
NOI Build-Up for 3,572 SF
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.
Gross rent
$51.4K $14.40/SF
− Vacancy
−$2.3K −$0.65/SF
EGI
$49.1K $13.75/SF
− OpEx
−$14.7K −$4.13/SF
NOI
$34.4K $9.63/SF
Area
Tulsa, OK
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$687,720
Cap Rate 7%
$491,229
Cap Rate 9%
$382,067
Alternative Uses
Best Use
Retail
$491.2K
$429.8K – $573.1K
NOI $34,386 @ 7.0% cap · market cap 5.78%
Second Best
Industrial
$245.3K
$214.7K – $286.2K
NOI $17,172 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$761.9K
$666.6K – $888.8K
NOI $53,330 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
104k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 37%
Hotels & Casinos 3%
Home Improvements & Furnishings 1%
QuikTrip
Shops & Services
31,831 visits/mo
0.4 miles
Braum's Ice Cream & Dairy Stores
Dining
16,746 visits/mo
0.4 miles
Dollar Tree
Shops & Services
8,077 visits/mo
0.3 miles
Arby's
Dining
7,484 visits/mo
0.1 miles
Dollar General
Shops & Services
7,298 visits/mo
0.1 miles
Demographics for 74112, OK
20,810
Population
10,524
Households
2
Avg Household Size
38
Median Age
27%
College-Educated
87%
High-School Grad
6.8 sq mi
ZIP Area
3,060
Density / Sq Mi
$55,848
Median Household Income
$37,151
Median Earnings
$1,024
Median Rent
$149,800
Median Home Value
Market
Vacancy Rate% for Retail in Tulsa, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Baker Recovery — 5953 E 15th St, Tulsa, OK 74112
- Xclusive Whipz LLC — 1536 S Sheridan Rd #1, Tulsa, OK 74112
- Alternative Automotive — 5935 E 15th St, Tulsa, OK 74112
- American Discount Muffler — 1448 S Sheridan Rd, Tulsa, OK 74112
- A&J Custom Shop — 5755 E 15th St, Tulsa, OK 74112
Frequently Asked Questions
What type of property is this?
Auto shop - Tenant-occupied tire shop sits on multiple lots with fenced, asphalted back-lot area.
Where is this auto shop located?
The property is located at 919 Sheridan Road Tulsa, OK.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Tenant‑occupied tire shop with a 3,400 SF building; Total 28,800 SF across multiple lots, including lots at 6505 and 6511 E 10th; Back‑lot area is fenced in and asphalted
