7607 Sheridan RdTulsa, OK 74133

Property Details for 7607 Sheridan Rd

Year built

1975

Construction

WOOD FRAME

Lot size

0.70 AC

Property size (Sq ft)

5,121 SF

Zone code

AG

Property type

Day care centers & nurseries

APN

98311-83-11-37440

APU

98311831137440

Description

This exceptional investment opportunity encompasses a 2.29-acre mixed-use property situated at the high-traffic intersection of 76th and Sheridan in Tulsa, Oklahoma. The property boasts approximately 300 feet of frontage and includes three separate buildings totaling 5,000 square feet, currently priced at $1,800,000 ($360 per square foot). One building houses a thriving salon, generating immediate rental income. The remaining two buildings offer significant potential for redevelopment or lease to a variety of tenants, including retail, office, or other commercial uses. This prime location ensures high visibility and accessibility, attracting substantial foot traffic and fostering business growth. The expansive lot size presents further development opportunities, allowing for expansion or the creation of new structures to maximize returns. This property is ideally suited for investors seeking a blend of immediate income and long-term growth potential in a vibrant and dynamic Tulsa community. The property's strategic location and existing income stream make it an attractive investment for those looking to diversify their portfolio or capitalize on a high-growth area. This is a rare opportunity to acquire a substantial property with significant upside in a desirable Tulsa location.

• CAP approach

  CAP return

  Valuation

  6%

  $676,207

  6.5%

  $624,191

  7%

  $579,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $421,251

  Geo Method

  $421,251

• Alternative Use

  Use

  Valuation

  Residential

  $791,813

  Hospitality

  $725,296

  Educational

  $603,438

  Medical

  $624,191

  Retail

  $938,681

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Latitude

36.0527

Longitude

-95.9037

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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