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    68Th St Tulsa, OK 74133
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    68Th St, Tulsa, OK 74133

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    • Retail properties & Spaces
    • 1 SF
    • 1.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 68Th St

    Lot size
    1.67 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional ±1.67-acre commercial land parcel presents a prime investment opportunity in Tulsa, Oklahoma. Strategically located on the highly visible, signalized southeast corner of 68th Street and Memorial Drive, this property benefits from its position within the bustling Woodland Hills trade area. The site boasts Corridor zoning, offering flexibility for a variety of development options. Whether you envision a build-to-suit project, an unsubordinated ground lease, or outright purchase, this location provides unparalleled potential. Its divisibility allows for tailored development to meet specific needs. The property's location on one of Tulsa's highest traffic corridors, boasting an Annual Average Daily Traffic (AADT) exceeding 35,000 vehicles, ensures exceptional visibility and accessibility for any commercial venture. The address is specifically SEC 68th & Memorial, Tulsa, OK 74133, offering easy access to major thoroughfares and a dense population base. This is a rare opportunity to acquire a highly desirable commercial land parcel in a thriving Tulsa market. The square footage is listed as 1 SF, however this refers to the building footprint and is not reflective of the total land area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8863
    Latitude
    36.0657

    Comparable in this City

    • Value Estimation by Request
      1.67 Acres

      68Th St

      Land
      0 68Th St, Tulsa, OK 74133
      View Details
    • Value Estimation by Request
      48,288 SF

      10846 Memorial Dr

      Individual retail properties
      10846 Memorial Dr, Tulsa, OK 74133
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    • Value Estimation by Request

      7945 Memorial Dr

      Office Spaces
      7945 Memorial Dr, Tulsa, OK 74133
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    • Value Estimation by Request
      5.00 Acres

      Tulsa, OK 74133

      Land
      Tulsa, OK 74133
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    • Value Estimation by Request
      1.16 Acres

      & Garnett Crk

      Land
      & Garnett Crk, Broken Arrow, OK 74133
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    • Value Estimation by Request

      13 106Th St

      Land
      13 106Th St, Tulsa, OK 74133
      View Details

    Similar Nearby for Sale

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      Premier location with build-to-suit options and ongoing improvements.
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      Tulsa Retail Space For Sale

      Commercial space in a vibrant, high-traffic Tulsa location.
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      2,507 SF

      Tulsa Commercial Space For Sale

      Premier commercial space at 61st & Memorial, build-to-suit options available.
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      4,754 SF

      Prime Commercial Space Available

      Premier location with build-to-suit options and ongoing improvements.
      8321 E 61St St, Tulsa, OK 74133
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      3,881 SF

      Prime Commercial Space Tulsa

      Premier location with build-to-suit options and ongoing improvements.
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    Similar Nearby for Lease

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      Retail Space on Memorial Drive

      Retail space in a busy commercial corridor near retailers.
      10846-10848 S Memorial Dr, Tulsa, OK 74133
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      2,850 SF

      Retail Space in High-Growth Area

      Retail space with national tenants, serving multiple communities.
      10846 S Memorial Dr, Tulsa, OK 74133
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      2,296 SF

      Retail Space in South Tulsa

      Neighborhood retail center space available in a strong Tulsa location.
      6518-6556 E 91St St, Tulsa, OK 74133
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      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,559 to 5,810 SqFt.
      8136 S Memorial Dr, Tulsa, OK 74133
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    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 1,500 SqFt.
      9241 S Sheridan Rd, Tulsa, OK 74133
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    68Th St
    Tulsa, OK 74133
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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