Tulsa, Oklahoma, offers a diverse range of Retail Properties For Sale, with 62 listings available. As a prime location for businesses, Tulsa's Retail Properties provide an excellent opportunity for investors to capitalize on the city's growing economy. Retail Properties in Tulsa can represent a variety of investments, from strip centers and shopping malls to freestanding buildings and restaurants. With its strong infrastructure, including the Tulsa Transit bus network and the Tulsa Port of Catoosa, Tulsa provides an ideal environment for businesses to thrive. The city's amenities, such as the Gathering Place park and the Tulsa Zoo, also contribute to its appeal. Additionally, Tulsa's location in the northeastern corner of Oklahoma, surrounded by rolling hills and forests, makes it an attractive destination for businesses and residents alike.
Tulsa's Retail Properties are just one aspect of the city's diverse commercial landscape. The city is also home to Shopping Centers, such as Utica Square and Cherry Street, which offer a range of retail and dining options. Restaurants, like Camille's Sidewalk Cafe and Mazzio's, are another prominent feature of the city's culinary scene. Office Properties, including those in the Downtown Tulsa area, provide a hub for businesses and professionals. Hotels, like the Mayo Hotel, offer accommodations for visitors and travelers. With its rich cultural heritage and diverse economy, Tulsa is an excellent location for businesses to establish themselves and grow.
What is the average cap rate for retail properties in Tulsa?
Investors seeking retail properties in Tulsa can expect an average cap rate of 6.85%, which is a key metric to consider when evaluating the potential return on investment. To better understand the significance of this rate, it's essential to know what is a cap rate, which is a calculation of a property's net operating income in relation to its value, as explained in our article at what is a cap rate.
How do location and foot traffic affect retail property values?
In Tulsa, Oklahoma, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated in high-demand areas like Downtown Tulsa, Midtown, or near popular attractions like the Gathering Place park or the Tulsa Zoo tend to have higher values due to their exposure to a large customer base, with an average price per square foot of $333 USD and an average size of 15,342 square feet, resulting in a higher average cap rate of 6.85%.
