Retail Storefront with Highway
1003 N Broadway Avenue Davenport, OK 74026
For Sale
$210,000
Built in 2017, this retail storefront offers Highway 66 frontage and a flexible interior layout now operating as a flower shop.
Property Size1,800 SF
Price / SF$116.67
Days on Market36
Property Features for 1003 N Broadway Avenue
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2017
Listing Agency:
RE/MAX Realty Plus Inc
(405) 240-3884
Listed By:
Madison Miller
(405) 240-3884
Source:
Jarmanrealtyok
Added: Jun 19
Changed: Jul 24
Last Checked: Jul 24 at 2:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty Plus Inc
Investment Insights
Based on property information with market context.
Built in 2017, this approximately 1,800 square foot commercial building is currently operating as a flower shop. The property offers a versatile, flexible floor plan suitable for continued floral operations or other retail, office, and service-based uses, based on the needs of the next operator.
The building is located at 1003 N Broadway Avenue in Davenport, with Highway 66 frontage along historic Route 66. The site is described as having easy access and strong visibility.
The seller may consider negotiating inventory and equipment separately for buyers interested in continuing the existing business. Schedule a private showing to review the layout and discuss options.
The building is located at 1003 N Broadway Avenue in Davenport, with Highway 66 frontage along historic Route 66. The site is described as having easy access and strong visibility.
The seller may consider negotiating inventory and equipment separately for buyers interested in continuing the existing business. Schedule a private showing to review the layout and discuss options.
Key Highlights
- Built in 2017 retail storefront with approximately 1,800 sq. ft. of commercial space
- Highway 66 frontage along historic Route 66 in Davenport
- Currently operating as a flower shop
Financial Insights For Retail
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 | $27.0k | $15.00 |
| − Vacancy | −$1.4k | −$0.75 |
| EGI | $25.7k | $14.25 |
| − OpEx | −$7.7k | −$4.27 |
| NOI | $18.0k | $9.98 |
1,800 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$256.5K
$224.4K – $299.3K
NOI $17,955 @ 7.0% cap · market cap 8.55%
Second Best
Office B
$218.1K
$190.8K – $254.4K
NOI $15,266 @ 7.0% cap · market cap 7.27%
Theoretical Best
Specialty Retail
$435.1K
$380.7K – $507.6K
NOI $30,456 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Built in 2017, this retail storefront offers Highway 66 frontage and a flexible interior layout now operating as a flower shop.
Where is this retail space located?
The property is located at 1003 N Broadway Avenue Davenport, OK.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Built in 2017 retail storefront with approximately 1,800 sq. ft. of commercial space; Highway 66 frontage along historic Route 66 in Davenport; Currently operating as a flower shop
