Highway Frontage Commercial
17983 E 116th Street N Owasso, OK 74055
17983 E 116th Street N, Owasso, OK, 74055
$530,000
For Sale
$530,000
COMMERCIAL - Owasso, OK
Property Size1,900 SF
Lot Size0.07 Acres
Price / SF$278.95
Days on Market162
Property Features for 17983 E 116th Street N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Com
- Interior features
- Public Restrooms
- Exterior features
- Sidewalk
- Standard status
- Active
- APN
- 660098221
- Size
- 1,900 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Lot 1 Block 1 The Shops.
- Tax Annual Amount
- 233
Building Details
- Year built
- 2023
- Flooring type
- Concrete
- Building materials
- Brick
- Roof type
- Metal
Listing Agency
Keller Williams Premier
(918) 272-0809
13315 E 112th St N #100, Owasso, OK
Listed by
Jackie Shields · License #156798
(918) 272-0809
Added: Feb 6 Checked: Jul 18 at 4:06 am
MLS# 2604304
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly constructed commercial building is located on Highway 20, offering high exposure. The property is move-in ready with a modern interior that can be adapted for retail, office, or specialized use. The building has one completed bathroom and is plumbed for two more. Two adjoining lots are available, with approved plans for additional buildings on-site included. The lot size is 0.069 acres. The property is located in Owasso, OK. The building has 1900 square feet of space and is suitable for businesses seeking a location with premium highway frontage and traffic flow. The zoning is commercial, making it a strategic location for long-term growth.
Key Highlights
- High‑visibility location with premium highway frontage and excellent traffic flow.
- Newly constructed building (2023) with modern interior adaptable for retail, office, or specialized use.
- Move‑in ready condition.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.6k | $18.72 |
| − Vacancy | −$4.3k | −$2.28 |
| EGI | $31.2k | $16.44 |
| − OpEx | −$7.8k | −$4.11 |
| NOI | $23.4k | $12.33 |
1,900 SF · lease $18.72/SF/yr · vacancy 12.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$334.6K
$292.8K – $390.4K
NOI $23,422 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$276.5K
$241.9K – $322.5K
NOI $19,352 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$428.2K
$374.7K – $499.6K
NOI $29,975 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Move-in ready building with expansion and development potential.
Where is this retail space located?
The property is located at 17983 E 116th Street N Owasso, OK.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: High‑visibility location with premium highway frontage and excellent traffic flow.; Newly constructed building (2023) with modern interior adaptable for retail, office, or specialized use.; Move‑in ready condition.
