Freestanding Restaurant on Highway
For Sale
Contact for pricing
1107 NW 32nd St, Newcastle, OK 73065
Commercial-zoned restaurant property built in 2017 with direct access to a heavily traveled corridor.
Property Size2,055 SF
Price / SF$474.45
Days on Market182
Property Features for 1107 NW 32nd St
General Information
Standard status
Active
Size
2,055 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2017
Year Renovated
2020
Buildings
1
Stories
1
Units
1
Listing Agency:
Rose Rock Commercial Group
Listed By:
Joshua O'Neal · License #209809
Source:
Crexi
Added: Apr 17
Changed: Oct 8
Last Checked: Oct 14 at 8:10PM
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 Rose Rock Commercial Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant property was built in 2017 and is designated Commercial zoning. The site is located at 1107 NW 32nd St in Newcastle, along Highway 37, providing a visible position on a well-traveled roadway. Daily traffic is reported at more than 22,000 cars.
Newcastle provides access to I-44 and Highways 62 and 37, with connections to Oklahoma City, Norman, Tuttle, and Blanchard. The surrounding area includes residential neighborhoods, local businesses, recreational facilities, and ongoing commercial development. The property is also near Newcastle Casino and Newcastle Sports Complex.
Newcastle provides access to I-44 and Highways 62 and 37, with connections to Oklahoma City, Norman, Tuttle, and Blanchard. The surrounding area includes residential neighborhoods, local businesses, recreational facilities, and ongoing commercial development. The property is also near Newcastle Casino and Newcastle Sports Complex.
Key Highlights
- Freestanding restaurant built in 2017
- Commercial zoning designation
- Located at 1107 NW 32nd St, Newcastle, OK 73065
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,771
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,420
$695.4K
Cap Rate 7%
$496,729
$496.7K
Cap Rate 9%
$386,344
$386.3K
Market Conditions
NOI Build-Up for 2,055 SF
Gross rent
$49.3K $24.00/SF
− Vacancy
−$3.0K −$1.44/SF
EGI
$46.4K $22.56/SF
− OpEx
−$11.6K −$5.64/SF
NOI
$34.8K $16.92/SF
Area
McClain County, OK
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,420
Cap Rate 7%
$496,729
Cap Rate 9%
$386,344
Alternative Uses
Best Use
Specialty Retail
$496.7K
$434.6K – $579.5K
NOI $34,771 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
169k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Superstores 37%
Shops & Services 14%
Home Improvements & Furnishings 2%
Walmart
Superstores
61,793 visits/mo
0.1 miles
Braum's Ice Cream & Dairy Stores
Dining
25,474 visits/mo
0.2 miles
McDonald's
Dining
23,412 visits/mo
0.1 miles
SONIC Drive In
Dining
9,845 visits/mo
0.1 miles
Dollar Tree
Shops & Services
8,843 visits/mo
0.2 miles
Demographics for 73065, OK
9,725
Population
4,413
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
51.8 sq mi
ZIP Area
188
Density / Sq Mi
$93,451
Median Household Income
$51,717
Median Earnings
$990
Median Rent
$240,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial-zoned restaurant property built in 2017 with direct access to a heavily traveled corridor.
Where is this conventional restaurant located?
The property is located at 1107 NW 32nd St Newcastle, OK.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Freestanding restaurant built in 2017; Commercial zoning designation; Located at 1107 NW 32nd St, Newcastle, OK 73065
