Stylish Commercial Property with
113 E Broadway Blanchard, OK 73010
113 E Broadway, Blanchard, OK, 73010
$338,000
For Sale
$338,000
Modern 1400 SF commercial space with parking near Main Street.
Property Size1,400 SF
Price / SF$241.43
Days on Market1269
Property Features for 113 E Broadway
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Office
Building Details
- Year Built
- 2018
Listing agency
Lb Realty Group-mb Of Oklahoma
(405) 317-9542
Listed by
Jill Stephens
(405) 414-9141
Source
Xome
Added: Jan 29, 2023 Updated: Jul 10 at 3:45PM Checked: Jul 21 at 3:14AM
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 Lb Realty Group-mb Of Oklahoma
Investment Insights
Based on property information with market context.
This commercial property features modern finishes and natural light. The 1400 square foot space includes two open areas, built-in speakers, an office, and a bathroom. The property previously served as a floral shop and is suitable for use as an office or boutique. Ample front parking is available, along with two covered parking spaces in the back. The property is located off Main Street, providing access to Norman and Oklahoma City.
Key Highlights
- Convenient location off Main Street with easy access to Norman and OKC.
- 1400 sq ft of space suitable for various business uses.
- Sleek modern finishes and an abundance of natural light.
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 | $21.3k | $15.24 |
| − Vacancy | −$5.5k | −$3.93 |
| EGI | $15.8k | $11.31 |
| − OpEx | −$4.0k | −$2.83 |
| NOI | $11.9k | $8.48 |
1,400 SF · lease $15.24/SF/yr · vacancy 25.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$169.6K
$148.4K – $197.9K
NOI $11,873 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Modern 1400 SF commercial space with parking near Main Street.
Where is this office units located?
The property is located at 113 E Broadway Blanchard, OK.
What is the asking price?
The asking price for this property is $338,000.
What are key features of this property?
This property features: Convenient location off Main Street with easy access to Norman and OKC.; 1400 sq ft of space suitable for various business uses.; Sleek modern finishes and an abundance of natural light.
