Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    116 S Broadway Ave Edmond, OK 73034

    Sponsored
    For Lease
    $7,850 /Mo ($25 SF/Yr)

    COMMERCIAL - Edmond, OK

    Property size:
    3,626 SF
    Lot size:
    0.08 Acres
    Days on Market:
    37
    Last Refresh:
    Jan 26 at 10:06 pm

    Property Features for 116 S Broadway Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    116SBroadway73034
    Size
    3,626 SF
    Lot size
    0.08 Acres

    Building Details

    Year built
    1910
    Building materials
    Brick

    We can help!

    Listing Contact
    Robert R Williams

    Salt Real Estate (405) 761-3074

    Listing agent Robert R Williams (405) 822-2877

    Listing date Dec 21, 2025

    MLS# 1195146

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Downtown Edmond Corner Property

    This 3,626 sq. ft. property is positioned on a sought-after corner in Downtown Edmond, offering exceptional visibility. As the first building seen when entering Downtown Edmond, it provides unmatched exposure for retailers, restaurants, or professional office users. The property features frontage on three sides, with sidewalk presence and expansive windows along 2nd Street and Broadway. It includes 130 feet of 20-foot-tall wall frontage, suitable for signage, branding, and architectural impact, plus a rear entrance off a well-traveled alley for deliveries, staff, or customer access. Delivered as a white box, it includes new mechanical systems, an ADA-compliant restroom, and basic electrical service, ready for tenant customization. The property is located in the heart of Downtown Edmond, a district with over 40 locally owned restaurants, boutiques, art galleries, and coffee shops. The area features pedestrian-friendly streetscapes, public art installations, and weekly events. This location is suited for a flagship concept, boutique retail, cafe, or creative professional office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.481272
    Latitude
    35.653631

    Nearby Similar for Lease

    • $8,371 /Mo
      4,642 SF

      Prestigious Edmond Office Space Available

      Two-story office building in a desirable Edmond location.
      2905 NW 156Th St, Edmond, OK 73013
      View Details
    • $20 SF/Yr
      3,056 SF

      Move-in Ready Office Building

      Professional office building in Edmond, OK, with modern functionality.
      1000 NW 139Th St, Edmond, OK 73013
      View Details
    • $7,000 /Mo
      4,723 SF

      Edmond Commercial Property For Rent

      Commercial property available for rent in Edmond, Oklahoma.
      2917 NW 156Th St, Edmond, OK 73013
      View Details
    • $2,300 /Mo
      2,200 SF

      Edmond Office Space For Lease

      Flexible office space in a desirable Edmond location.
      800 W 18Th St, Edmond, OK 73013
      View Details
    • New
      $3,000 /Mo
      247,168 SF

      Corner Commercial Rentals in Edmond, OK

      Spacious commercial rentals on the corner of Waterloo Road and Kelley.
      1101 W Waterloo Rd, Edmond, OK 73025
      View Details
    • New
      $2,200 /Mo
      1,600 SF

      Versatile Commercial Space in Edmond, OK

      Spacious commercial rentals with high ceilings at a high-visibility intersection.
      1101 W Waterloo Rd, Edmond, OK 73025
      View Details
    • $28 SF/Yr
      7,850 SF

      East Edmond Retail Center For Rent

      New retail center in high-traffic area near major retailers.
      3800 E 15Th St, Edmond, OK 73013
      View Details
    • Contact for pricing
      5,500 SF

      Edmond Retail and Office Space

      Retail and office spaces available in high-traffic Edmond location.
      3233 S Broadway, Edmond, OK 73013
      View Details
    • $15 SF/Yr
      850 SF

      Affordable Edmond Office Space Available

      Affordable office space in central Edmond with upcoming cosmetic updates.
      2500 S Broadway, Edmond, OK 73034
      View Details
    • Contact for pricing
      1,875 SF

      Edmond Retail and Office Space

      Retail and office spaces available at high-traffic Edmond location.
      25 W 33Rd St, Edmond, OK 73013
      View Details
    • Contact for pricing
      3,310 SF

      Edmond Retail Space For Lease

      Retail space available in a high-traffic Edmond location.
      301 S Bryant Ave, Edmond, OK 73034
      View Details
    • Contact for pricing
      17,624 SF

      Edmond Office Space for Lease

      Modern Office Building, Flexible Spaces
      3825 NW 166th St Edmond OK 28029579, Edmond, OK 73012
      View Details

    FAQs

    What type of property is this?
    Retail space - Highly visible 3,626 sq ft retail/office space in vibrant Downtown Edmond.
    Where is this retail space located?
    The property is located at 116 S Broadway Ave Edmond, OK.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Unmatched Visibility: Premier corner location in Downtown Edmond.; - High-Traffic Location: Situated in a vibrant, walkable district.; - White Box Delivery: Includes new mechanical systems, ADA restroom, and basic electrical.
    (405) 822-2877
    Request Owner's contact information
    116 S Broadway Ave Edmond, OK 73034
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    116 S Broadway Ave
    Edmond, OK 73034
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 S Broadway Ave Edmond, OK 73034
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Robert R Williams
    Real Estate License ID: 143285
    (405) 822-2877
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.