Storefront Retail Space with
For Sale
$280,000
113 E Broadway, Blanchard, OK 73010
SINGLE_FAMILY - Blanchard, OK
Property Size1,400 SF
Price / SF$200
Days on Market139
Property Features for 113 E Broadway
General Information
Property type
Residential
Property subtype
Retail
Zoning
Commercial
Directions
From Hwy 62 heading west into Blanchard, turn left (south) at main st stop light, then turn left (east) onto Broadway. Property is located on the north side of the road within the retail strip center.
Standard status
Active
APN
113EBroadway73010
Size
1,400 SF
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Amenities
built-in shelving
island/bar
tile flooring
quartz countertops
barn doors
built-in desk
stainless steel utility sink
private office
restroom
built-in sound system
attic storage
energy-efficient heating and air
Building Details
Year built
2018
Floors in Building
1
Building materials
Brick & Frame
Listing Agency:
Elite Key Realty
(405) 802-5524
Listed By:
Niki Grider · License #174801
(405) 802-5524
Added: Mar 26
Changed: Jul 30
Last Checked: Aug 11 at 10:06PM
MLS# 1220413
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained commercial storefront totals 1,400 SF and was most recently operated as a boutique, with the flexibility to support a range of business uses. Inside, the layout features built-in shelving and a large central island/bar with quartz countertops and additional electrical outlets; the island sits on tile flooring and can be removed to adjust the space. Behind barn doors is a back room with additional adjustable shelving, a built-in desk area, and a stainless-steel utility sink. The space also includes a private office and restroom, plus an exhaust fan with its own switch.
The building has brick and frame construction, energy-efficient heating and air, and natural gas heating. Cooling is electric with central air, and the property includes a built-in sound system with microphone capability and Bluetooth. Attic storage is also available, and the flooring is tile throughout for easy maintenance.
Outside, there are three parking spaces in front of the building and two covered parking spaces at the back for convenient customer and delivery access.
The building has brick and frame construction, energy-efficient heating and air, and natural gas heating. Cooling is electric with central air, and the property includes a built-in sound system with microphone capability and Bluetooth. Attic storage is also available, and the flooring is tile throughout for easy maintenance.
Outside, there are three parking spaces in front of the building and two covered parking spaces at the back for convenient customer and delivery access.
Key Highlights
- 1,400 SF commercial storefront with tile flooring throughout
- Built‑in shelving plus a large island/bar with quartz countertops and electrical outlets
- Back room includes adjustable built‑ins, built‑in desk, and stainless steel utility sink
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
$13,965
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
4.99%
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%
$279,300
$279.3K
Cap Rate 7%
$199,500
$199.5K
Cap Rate 9%
$155,167
$155.2K
Market Conditions
NOI Build-Up for 1,400 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
$21.0K $15.00/SF
− Vacancy
−$1.1K −$0.75/SF
EGI
$20.0K $14.25/SF
− OpEx
−$6.0K −$4.27/SF
NOI
$14.0K $9.98/SF
Area
McClain 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 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%
$279,300
Cap Rate 7%
$199,500
Cap Rate 9%
$155,167
Alternative Uses
Best Use
Retail
$199.5K
$174.6K – $232.8K
NOI $13,965 @ 7.0% cap · market cap 4.99%
Second Best
Office B
$169.6K
$148.4K – $197.9K
NOI $11,873 @ 7.0% cap · market cap 4.24%
Theoretical Best
Specialty Retail
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73010, OK
20,744
Population
7,770
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
174.5 sq mi
ZIP Area
119
Density / Sq Mi
$86,968
Median Household Income
$47,315
Median Earnings
$1,070
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with tile flooring, built-ins, private office and restroom, natural gas heat, and five on-site parking spaces.
Where is this storefront property located?
The property is located at 113 E Broadway Blanchard, OK.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,400 SF commercial storefront with tile flooring throughout; Built‑in shelving plus a large island/bar with quartz countertops and electrical outlets; Back room includes adjustable built‑ins, built‑in desk, and stainless steel utility sink
