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    7315 Memorial Dr Tulsa, OK 74133

    For Sale
    $2,400,000

    7,766 SF Retail Center, NNN Lease

    Property size:
    7,766 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 7,766-square-foot shopping center presents a compelling investment opportunity in Tulsa, Oklahoma. Located at 7315 S Memorial Dr, this fully remodeled property sits on a sizable 1.56-acre lot, offering ample parking and significant development potential. Currently leased through 2033 under a triple-net (NNN) lease, the property boasts a strong cash flow with an asking price of $2,400,000, representing a 6% capitalization rate. The building is situated on South Memorial Drive, just south of 71st Street, benefiting from high visibility and convenient access. Zoned CS, the property allows for a variety of uses and presents the possibility of creating additional pad sites, further enhancing its value and income potential. The substantial lot size and existing lease provide a secure investment with long-term growth prospects. This is an ideal opportunity for investors seeking a stable, high-return retail property in a prime Tulsa location. The property's size, location, and existing lease make it a particularly attractive investment. The potential for future development adds to its overall appeal.

    Property Features for 7315 Memorial Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,766 SF
    Lot Size
    67,954 SF

    HighLights

    • $2,400,000 asking price for this 7,766 square foot retail shopping center.
    • NNN lease structure.
    • Located at 7315 S Memorial Dr, Tulsa, OK 74133, on a 1.56‑acre lot.
    • CS zoning.
    • $309.04 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Headies Dispensary Cannabis Store Supreme Heights Premium ... Cannabis Store Sobahn Menu Korean Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8856317
    Latitude
    36.0575351

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    FAQs

    What type of property is this?
    Lifestyle center - 7,766 SF Retail Center, NNN Lease
    Where is this lifestyle center located?
    The property is located at 7315 Memorial Dr Tulsa, OK.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: $2,400,000 asking price for this 7,766 square foot retail shopping center.; NNN lease structure.; Located at 7315 S Memorial Dr, Tulsa, OK 74133, on a 1.56-acre lot.
    Request Owner's contact information
    7315 Memorial Dr Tulsa, OK 74133
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    Tulsa, OK 74133
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7315 Memorial Dr Tulsa, OK 74133
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