Building Details

Year Built 2017

Listing Agency: RE/MAX Realty Plus Inc

Listed By: Madison Miller Show Phone

Source: Alloverok

Added: Jul 20 Changed: Oct 2 Last Checked: Oct 7 at 5:00PM

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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.

This retail property includes an approximately 1,800-square-foot commercial building constructed in 2017. The flexible interior is currently configured for a flower shop and may accommodate continued floral operations, retail, office, or service-based business use. The building is described as well maintained and provides a versatile layout for an owner-user or operator.

The property fronts Highway 66 along N Broadway Ave in Davenport, Oklahoma, providing direct exposure from the historic Route 66 corridor. Easy access and visible positioning support customer-oriented commercial activity. Inventory and equipment may be negotiated separately for a buyer seeking to continue the existing flower shop operation.

Key Highlights

• Approximately 1,800‑square‑foot retail building
• Built in 2017
• Highway 66 frontage along N Broadway Ave

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,955

Cap Rate

9.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$359,100 $359.1K

Cap Rate 7%

$256,500 $256.5K

Cap Rate 9%

$199,500 $199.5K

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$27.0K $15.00/SF

− Vacancy

−$1.4K −$0.75/SF

EGI

$25.7K $14.25/SF

− OpEx

−$7.7K −$4.27/SF

NOI

$18.0K $9.98/SF

Area

Lincoln County, OK

Vacancy

5.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$359,100

Cap Rate 7%

$256,500

Cap Rate 9%

$199,500

Alternative Uses

Best Use

Retail

$256.5K

$224.4K – $299.3K (±1% cap)

NOI $17,955 @ 7.0% cap · market cap 9.16%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$435.1K

$380.7K – $507.6K (±1% cap)

NOI $30,456 @ 7.0% cap · market cap 15.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Grocery & Convenience Store Auto Parts Store Storage Facility Cafe & Coffee Shop Florist Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

82

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Phillips 66 Shops & Services

2,741 visits/mo 0.2 miles

Demographics for 74026, OK

971

Population

356

Households

2.7

Avg Household Size

38

Median Age

8%

College-Educated

89%

High-School Grad

9.5 sq mi

ZIP Area

102

Density / Sq Mi

$54,853

Median Household Income

$36,579

Median Earnings

$873

Median Rent

$92,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Well-maintained commercial space with a flexible layout for retail, office, or service-oriented operations.

Where is this retail space located?

The property is located at 1003 N Broadway Ave Davenport, OK.

What is the asking price?

The asking price for this property is $196,000.

What are key features of this property?

This property features: Approximately 1,800‑square‑foot retail building; Built in 2017; Highway 66 frontage along N Broadway Ave