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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Strip malls
8116 Memorial Dr Tulsa, OK 74133
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US69-0333341
Property summary
AI-generated overview
Echelon Shopping Center, located at 8116 S Memorial Dr, Tulsa, OK 74133, offers a prime retail opportunity in South Tulsa's bustling market. This neighborhood center comprises two single-story buildings totaling 55,000 square feet, situated on a 4.4-acre lot (APN: 75605-83-14-13735). Built in 1984, the center features a strong tenant mix and boasts high traffic counts, averaging 25,000 cars daily. Currently, there are three suites available, with a minimum divisible space of 1,554 square feet and a maximum contiguous space of 2,830 square feet. A total of 6,463 square feet is currently vacant. The property is zoned CS and enjoys excellent access from South Memorial Drive, near E. 81st Street. Ample parking is available for customers and tenants. This is an exceptional opportunity for businesses seeking high visibility and strong foot traffic in a well-established South Tulsa location. The property is located in Tulsa County, Oklahoma, within the OK - South submarket.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
WOOD FRAME
Total area
34,836 SF
Lot
4.38 ac (190,836 SF)
Zoning code
CS
APN
75605-83-14-13735
UPID
US69-0333341
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$651k
Blend (final)
Blend
$1.02M
Owner & transaction history
Caesars Sapulpa LLC · 9 yrs held
Caesars Sapulpa LLC
since 2017
2 recorded transactions
Zoning & alternative use
CS · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tulsa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulsa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$29 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$42,728
Tax year 2023
Assessed value
$316,294
Assessed 2023
Previous assessed
$316,294
+0.0% YoY
Effective rate
13.51%
On assessed value
Assessed land
$209,913
Assessed improvement
$106,381
Land market value
$1,908,300
Improvement market value
$967,100
Total market value
$2,875,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
34,836 SF
Lot
4.38 ac (190,836 SF)
Zoning code
CS
APN
75605-83-14-13735
UPID
US69-0333341
Jurisdiction
TULSA
Zoning & alternative use
CS · Tulsa, OK
Zoning CS · permitted uses
CS · Tulsa, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulsa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
4.38 ac
Current owner
From public records · entity-resolved
Caesars Sapulpa LLC
Entity
Mailing address
8114 S MEMORIAL DR, TULSA, OK 74133-4309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2017
—
Caesars Sapulpa LLC
—
Grant Deed
related
$9,000,000 · Wells Fargo Bk
Apr 23, 2009
—
Nanci Realty Corp
—
Deed Of Trust
related
$2,100,000 · First Fidelity Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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