0 86Th St Owasso, OK 74055
This exceptional 3.38-acre retail property in Owasso, Oklahoma, presents a compelling investment opportunity. Located on the southeast corner of North Memorial and 86th Street North, this commercially zoned (Commercial Shopping) site boasts high visibility and accessibility. The property is conveniently situated equidistant between Highways 75 and 169, ensuring significant traffic flow and exposure to a large customer base. A key advantage is its adjacency to a new 240-unit multifamily development, currently under construction, with occupancy commencing July 2024 and project completion in December 2024. This proximity guarantees a built-in customer base for future tenants. The asking price for the entire 3.38-acre parcel is $995,000, translating to $6.76 per square foot. The property is divisible, offering flexibility for various development scenarios. The Tulsa County location, with a 74055 zip code, provides access to a thriving community. This prime location, coupled with the impending influx of residents from the adjacent multifamily complex, makes this a truly remarkable investment prospect for discerning buyers seeking high-growth potential in the Owasso market. The property is zoned for a variety of uses, including QSR/Fast Food, Convenience Store, and Pharmacy/Drug store.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.