1005 Sheridan RdTulsa, OK 74115

Property Details for 1005 Sheridan Rd

Year built

1976

Construction

WOOD FRAME

Lot size

0.46 AC

Property size (Sq ft)

3,092 SF

Zone code

CS

Property type

Bars

Property subtype

Pubs

APN

37800-93-02-13360

APU

37800930213360

Description

This exceptional mixed-use investment property in Tulsa, Oklahoma, presents a rare opportunity to acquire a substantial portfolio of income-generating assets. The main structure is a 26,100 square foot strip mall featuring 23 rental units, all currently occupied. Adding to the property's value are two additional commercial buildings, totaling 1,675 square feet (1176 sq ft + 499 sq ft), also fully leased. A vacant retail space with a steel awning offers immediate potential for increased revenue. Further enhancing the investment potential is a two-story residential building boasting three bedrooms, two and a half bathrooms, and eight total rooms, complete with a detached garage offering potential for conversion into an apartment. An additional small structure on the property also presents rental possibilities. The 5.4-acre lot includes a fenced vacant lot featuring a Lamar advertising sign, generating passive income for the owner. The property's strategic location near the Tulsa airport and I-244 ensures high visibility and convenient access. This turnkey investment offers a diverse range of income streams and significant upside potential for a savvy investor. Showings are by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $396,217

  6.5%

  $365,739

  7%

  $339,614

• Comparable approach

  Method

  Valuation

  Relative Method

  $557,350

  Geo Method

  $557,350

• Alternative Use

  Use

  Valuation

  Residential

  $308,514

  Hospitality

  $282,597

  Educational

  $235,118

  Medical

  $243,204

  Retail

  $365,739

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Latitude

36.1486

Longitude

-95.9042

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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