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    8421 E 61St St, Unit Z Tulsa, OK 74133

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    8421 E 61St St, Unit Z Tulsa, OK 74133

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    • Community centers
    • 110,445 SF
    • 5.73 lot acres
    For Sale
    $2,730,000
    View Listing →
    Prime Commercial Space in Tulsa For Sale
    $2,730,000
    4,754 SF

    Prime Commercial Space in Tulsa

    Premier location with build-to-suit options and ongoing improvements.

    8421 E 61st Street unit: Q, Tulsa, OK 74133
    View Listing
    Property ID
    US69-1256405
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • WTI Tulsa Campus / College / Technical School
    • Best massage tulsa / Alternative Medicine Practice / Spa & Massage Center
    • THOMAS W JABLONSKI CPA / Accounting Firm
    • Eton Square 6 Cinema / Cinema / Theater & Performing Art Venue
    • Relax The Back / Furniture & Home Goods / Home Decor Store

    Property Details for 8421 E 61St St

    Year built
    1985
    Lot size
    5.73 lot acres
    Property size
    110,445 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    76235-93-36-00785
    APU
    76235933600785

    Description

    Eton Square offers exceptional retail opportunities at the highly visible northeast corner of 61st and Memorial in Tulsa County. Seven spaces are currently available, ranging in size from 1,020 square feet to 13,910 square feet, providing flexibility for various business needs. This prime location boasts strong national co-tenants, ensuring a vibrant and established commercial environment. The property benefits from excellent visibility at the intersection of 61st and Memorial, a major thoroughfare experiencing over 45,000 vehicles daily, guaranteeing high exposure for your business. Ample parking is available for all tenants and their customers, ensuring convenience and accessibility. The surrounding trade area is densely populated, with over 89,000 people residing within a 3-mile radius, exhibiting an average household income exceeding $74,000. This demographic profile indicates a strong consumer base with significant purchasing power, making Eton Square an ideal location for businesses seeking substantial growth potential. The property's strategic location and impressive demographics combine to create a compelling investment opportunity for discerning retailers. Contact us today to learn more about available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,065,000
      Market price range: $2.07M - $6.64M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8821
    Latitude
    36.0762
    CBSA code
    46140
    CBSA name
    TULSA, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $63,155
    $205,073
    $262,427
    $467,500
    -
    $1,864,300
    $2,385,700
    $4,250,000

    Comparable in this City

    • Value Estimation
      $13,605,000
      226,181 SF

      6808 Memorial Dr Ste, Unit 100

      MINI-MALL • 226,181 SF
      6808 Memorial Dr Ste, Tulsa, OK 74133-2029
      View Details
    • Value Estimation by Request
      48,288 SF

      10846-10848 Memorial Dr

      Neighborhood centers • 48,288 SF
      10846-10848 Memorial Dr, Tulsa, OK 74133
      View Details
    • Value Estimation
      $5,320,000
      64,154 SF

      8321 61st St Ste, Unit 221

      MINI-MALL • 64,154 SF
      8321 61st St Ste, Tulsa, OK 74133-1911
      View Details
    • Value Estimation
      $6,275,000
      42,525 SF

      8620 71st St Sta, Unit A

      MINI-MALL • 42,525 SF
      8620 71st St Sta, Tulsa, OK 74133-2939
      View Details
    • Value Estimation
      $2,690,000
      28,882 SF

      9108 Sheridan Rd

      MINI-MALL • 28,882 SF
      9108 Sheridan Rd, Tulsa, OK 74133
      View Details
    • Value Estimation by Request
      166,552 SF

      7104 Sheridan Rd

      Lifestyle centers • 166,552 SF
      7104 Sheridan Rd, Tulsa, OK 74133
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,175 SF

      Prime Tulsa Shopping Center Space

      High-visibility retail or restaurant space near Woodland Hills Mall.
      7033 S Memorial Ave, Tulsa, OK 74133
      View Details
    • Contact for pricing
      2,337 SF

      Tulsa Commercial Space For Sale

      Premier commercial space with build-to-suit options in Tulsa, OK.
      8321 E 61St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      4,754 SF

      Prime Commercial Space in Tulsa

      Premier location with build-to-suit options and ongoing improvements.
      8321 E 61St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      1,593 SF

      Tulsa Commercial Space For Sale

      Premier commercial space in a vibrant, high-traffic Tulsa location.
      8321 E 61St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      2,507 SF

      Prime Commercial Space For Sale

      Premier location with build-to-suit options and ongoing improvements.
      8421 E 61St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      6,514 SF

      Tulsa Commercial Space For Sale

      Premier commercial space in Tulsa, build-out options available.
      8321 E 61St St, Tulsa, OK 74133
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Woodland Hills

      Retail space available in South Tulsa near Woodland Hills Mall.
      7110 S Memorial Dr, Tulsa, OK 74133
      View Details
    • Contact for pricing

      Tulsa Retail Center For Lease

      Vibrant retail center anchored by Golf Galaxy, Harbor Freight.
      9137 E 71St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      35,000 SF

      Prime Retail Space in Tulsa

      Retail space available in Tulsa's primary trade area.
      9717-10021 E 71St St, Tulsa, OK 74133
      View Details
    • Contact for pricing
      1,111 SF

      Retail Space in Summit Square

      Retail space for lease in a busy Tulsa shopping center.
      7104-7122 S Sheridan Rd, Tulsa, OK 74133
      View Details
    • Contact for pricing
      3,670 SF

      Retail Space Near Costco

      Retail space available across from Costco with high traffic.
      10035 S Memorial Dr, Tulsa, OK 74133
      View Details
    • Contact for pricing
      1,200 SF

      High Profile Retail Center

      Retail center located on 71st St, Tulsa, OK.
      8202-8268 E 71St St, Tulsa, OK 74133
      View Details
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    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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