Retail Storefront
114 E 1st St Luther, OK 73054
114 E 1st St, Luther, OK, 73054
$305,000
For Sale
$305,000
For sale retail storefront property in Luther, OK with 2,434 square feet of space.
Property Size2,434 SF
Price / SF$125.31
Days on Market104
Property Features for 114 E 1st St
General Information
- Standard status
- Active
- Size
- 2,434 SF
Listing agency
Black Buffalo Real Estate
(478) 225-7366
Listed by
Adam Johnson · License #203016
(478) 225-7366
Source
Exprealty
Added: Apr 10 Updated: Jul 22 at 10:55AM Checked: Jul 22 at 10:55AM
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 Black Buffalo Real Estate
Investment Insights
Based on property information with market context.
This for-sale retail storefront property includes 2,434 square feet and offers an owner-operator or investor a commercial building they can put to work immediately. The offering is positioned as a single property with flexible retail/service potential based on its storefront configuration.
The building is located at 114 E 1st St in Luther, Oklahoma 73054.
The building is located at 114 E 1st St in Luther, Oklahoma 73054.
Key Highlights
- For sale retail storefront property at 114 E 1st Street in Luther, OK
- 2,434 sq ft of retail space
Local Financial Insights For Retail
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 | $40.6k | $16.68 |
| − Vacancy | −$3.9k | −$1.60 |
| EGI | $36.7k | $15.08 |
| − OpEx | −$11.0k | −$4.52 |
| NOI | $25.7k | $10.56 |
2,434 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$367.0K
$321.1K – $428.2K
NOI $25,691 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.0K
$443.6K – $591.5K
NOI $35,487 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
UPS Authorized Shipping ...
Courier Service
Luther Hardware & Lumber
Building Supply
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - For sale retail storefront property in Luther, OK with 2,434 square feet of space.
Where is this storefront property located?
The property is located at 114 E 1st St Luther, OK.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: For sale retail storefront property at 114 E 1st Street in Luther, OK; 2,434 sq ft of retail space
