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Property profile & analytics
FOR SALE
Turn key restaurants

601 S Sheridan Rd Tulsa, OK 74112

982 SF 0.19 ac lot Built 1965
Individually Owned 7-yr Hold ~ Est. High Equity
Property ID
US69-2272743
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1965
Construction WOOD FRAME
Total area 982 SF
Lot 0.19 ac (8,059 SF)
Zoning code CS
APN 37800-93-02-10760
UPID US69-2272743
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Leon's Smoke Shack Barbeque Restaurant
  • Sugar Ruth Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Leon Thompson · 7 yrs held
Leon Thompson
since 2019
3 recorded transactions
2019
$130,000
2008
Price N/A
2008
$60,000
Zoning & alternative use
CS · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CS Commercial Shopping CG Commercial General CH Commercial-High CBD Central Business IL Industrial-Light IM Industrial-Moderate IH Industrial-Heavy Most intensive O, C or I district B. Purposes. 1. General. Office, commercial and industrial zoning districts are intended to accommodate and promote neighborhood, community- and region-serving commercial uses, a…

Zone name Commercial Shopping
General category COMMERCIAL
Zone area 5,190.67 ac
Source code of ordinances
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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