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Property profile & analytics
FOR LEASE
Turn key restaurants
8702 E 71St St, Tulsa, OK 74133
Entity Owned
Free & Clear
Property ID
US69-0219829
For Lease
1 / 4
$2,130,000
8702 E 71St St, Tulsa, OK 74133
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Construction
WOOD FRAME
Total area
7,529 SF
Lot
1.13 ac (49,005 SF)
Zoning code
CS
APN
77738-83-12-02870
UPID
US69-0219829
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
-
Man Vs Fries Restaurant
-
MrBeast Burger Restaurant
-
On The Border Mexican Grill & Cantina Restaurant
-
Deutsche Bank AG General Contractor
-
Greyson & Sons Plumbing Services LLC Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$2.13M
Owner & transaction history
Pappas Restaurants INC
Pappas Restaurants INC
since 2025
Last sale
$3.0M
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±10% · vs last sale $2.95M (Aug 5 2025)
Last sale anchor
$2.95M
Aug 5 2025
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
$283 / 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
$25,243
Tax year 2023
Assessed value
$186,857
Assessed 2023
Previous assessed
$186,857
+0.0% YoY
Effective rate
13.51%
On assessed value
Assessed land
$80,839
Assessed improvement
$106,018
Land market value
$734,900
Improvement market value
$963,800
Total market value
$1,698,700
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1994
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,529 SF
Lot
1.13 ac (49,005 SF)
Zoning code
CS
APN
77738-83-12-02870
UPID
US69-0219829
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
1994
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Pappas Restaurants INC
Entity
Free & Clear · 0 yrs held
Mailing address
2201 W ROYAL LN STE #170, IRVING, TX 75063-3200
Ownership since
2025
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
Nov 5, 2025
$2,950,000
Pappas Restaurants INC
Vereit Real Estate LP
Special Warranty Deed
—
Jul 7, 2010
$2,912,000
Cole Ob Tulsa Ok LLC
Brinker Oklahoma INC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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