Building Details

Year Built 1945

Listing Agency: Nilsen Premier Realty Show Phone

Listed By: Angelia Youngs Show Phone

Source: Xome

Added: Dec 18, 2022 Changed: Aug 8 Last Checked: Aug 9 at 4:49AM

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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 Nilsen Premier Realty

Investment Insights

Based on property information with market context.

This 1744 sqft commercial property is located in a favorable area and presents several business opportunities. The property, formerly a successful small-town bar/tavern, is positioned among multiple thriving businesses, making it suitable for any business builder. Situated just off Main St in the active town of Jones, this property is ideal for owning your own business.

Key Highlights

• Great location in the thriving town of Jones, just off Main St.
• 1744 sqft commercial property suitable for various business opportunities.
• Previously a successful bar/tavern.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$18,345

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.64%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$366,900 $366.9K

Cap Rate 7%

$262,071 $262.1K

Cap Rate 9%

$203,833 $203.8K

Market Conditions

NOI Build-Up for 1,744 SF 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.

Gross rent

$26.2K $15.00/SF

− Vacancy

−$1.7K −$0.98/SF

EGI

$24.5K $14.03/SF

− OpEx

−$6.1K −$3.51/SF

NOI

$18.3K $10.52/SF

Area

Oklahoma County, OK

Vacancy

6.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$366,900

Cap Rate 7%

$262,071

Cap Rate 9%

$203,833

Alternative Uses

Best Use

Specialty Retail

$262.1K

$229.3K – $305.8K (±1% cap)

NOI $18,345 @ 7.0% cap · market cap 7.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$363.2K

$317.8K – $423.8K (±1% cap)

NOI $25,427 @ 7.0% cap · market cap 10.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

The Well House Bar & Pub Tailgaters Bar Bar & Pub

Suggested Use

Top Pick Dental Office Building Supply HVAC Service Hair Salon Big Box & Wholesale Store Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 73049, OK

6,717

Population

2,698

Households

2.5

Avg Household Size

42

Median Age

36%

College-Educated

90%

High-School Grad

64.2 sq mi

ZIP Area

105

Density / Sq Mi

$80,813

Median Household Income

$50,625

Median Earnings

$854

Median Rent

$236,100

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 bars & pubs located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• The Well House — 9409 N Hiwassee Rd, Jones, OK 73049
• Tailgaters Bar — 9409 N Hiwassee Rd, Jones, OK 73049

Frequently Asked Questions

What type of property is this?

Bar & Pub - 1744 sqft commercial property suitable for various business opportunities.

Where is this bar & pub located?

The property is located at 9409 Hiwassee Road Jones, OK.

What is the asking price?

The asking price for this property is $240,000.

What are key features of this property?

This property features: Great location in the thriving town of Jones, just off Main St.; 1744 sqft commercial property suitable for various business opportunities.; Previously a successful bar/tavern.