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Tire Shop 621 S Sheridan Rd 2,500 SF Retail Building Tulsa, OK 74112 $300,000 ($120/SF) 10% Cap Rate
Investment Highlights
- Positioned on South Sheridan Road delivering continuous traffic flow and visibility.
- Centralized location provides rapid access to surrounding residential and commercial districts.
- Existing configuration suitable for retail use, including convenience store or specialty operations.
- Located near major arterial routes providing strong commuting convenience and exposure.
Executive Summary
The commercial property at 621 S Sheridan Rd is a small-format retail asset along a high-traffic corridor, offering strong visibility and steady demand from surrounding neighborhood businesses. The oversized lot relative to the 2,500SF building provides flexibility for expansion, redevelopment, or added parking, while CS zoning supports a wide range of retail, restaurant, and service uses. Its smaller size keeps acquisition and operating costs lower, with value-add potential through lease-up or upgrades, making it attractive for both investors and owner-users despite potential capital improvements due to its age.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
2,500 SF
Building Class
C
Year Built
1982
Price
$300,000
Price Per SF
$120
Cap Rate
10%
NOI
$30,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.52 AC
Zoning
CS
Parking
33 Spaces (3.68 Spaces per 1,000 SF Leased)
Frontage
134’ on Sheridan Rd
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Frank's Tires Wheels & Batteries
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Frank's Tires Wheels & Batteries | Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 37800-93-02-10770 | Improvements Assessment | $19,129 |
| Land Assessment | $7,073 | Total Assessment | $26,202 |
Property Taxes
Parcel Number
37800-93-02-10770
Land Assessment
$7,073
Improvements Assessment
$19,129
Total Assessment
$26,202
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Tire Shop | 621 S Sheridan Rd
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