Restaurant-Ready Retail
For Sale
$630,000
115 N Main St, Broken Arrow, OK 74012
Retail/commercial space with a customer seating area, dedicated food prep, and back-of-house kitchen support features.
Property Size3,000 SF
Price / SF$210
Days on Market95
Property Features for 115 N Main St
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Grease Trap
Yes
Building Details
Year Built
2012
Listing Agency:
Pennington & Assoc Realtors
Listed By:
Tina Bell · License #180357
(918) 853-2412
Source:
Accentrealtors
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 7 at 4:23PM
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 Pennington & Assoc Realtors
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 retail/commercial space was previously operated as an ice cream shop and is laid out to support food and beverage concepts. The interior includes a welcoming customer/dining seating area, dedicated food prep space, and a commercial kitchen area located down the hall. Additional space includes a private party/event room and storage with convenient garage-door access for deliveries and operations.
The space also features practical existing improvements for food service, including a commercial refrigerator, public restroom, a three-compartment sink, and a grease trap. The property is located at 115 N Main St in Broken Arrow’s Rose District, where the public remarks cite strong pedestrian activity, visibility, and convenient access to surrounding neighborhoods and major roadways, along with nearby shopping and dining.
A turnkey interior configuration is already in place for the right user, with kitchen and back-of-house support positioned for day-to-day food operations.
The space also features practical existing improvements for food service, including a commercial refrigerator, public restroom, a three-compartment sink, and a grease trap. The property is located at 115 N Main St in Broken Arrow’s Rose District, where the public remarks cite strong pedestrian activity, visibility, and convenient access to surrounding neighborhoods and major roadways, along with nearby shopping and dining.
A turnkey interior configuration is already in place for the right user, with kitchen and back-of-house support positioned for day-to-day food operations.
Key Highlights
- 2012‑built retail/commercial space with 3,000 ± SF
- Flexible interior layout with customer/dining seating, dedicated food prep, and a commercial kitchen area down the hall
- Includes a private party/event room and a storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,396
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,920
$667.9K
Cap Rate 7%
$477,086
$477.1K
Cap Rate 9%
$371,067
$371.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$47.9K $15.96/SF
− Vacancy
−$3.4K −$1.12/SF
EGI
$44.5K $14.84/SF
− OpEx
−$11.1K −$3.71/SF
NOI
$33.4K $11.13/SF
Area
Broken Arrow, OK
Vacancy
7.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,920
Cap Rate 7%
$477,086
Cap Rate 9%
$371,067
Alternative Uses
Best Use
Specialty Retail
$477.1K
$417.5K – $556.6K
NOI $33,396 @ 7.0% cap · market cap 5.30%
Second Best
Retail
$438.1K
$383.3K – $511.1K
NOI $30,667 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$701.7K
$614.0K – $818.7K
NOI $49,121 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 74012, OK
63,918
Population
26,069
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
94%
High-School Grad
24.8 sq mi
ZIP Area
2,577
Density / Sq Mi
$80,079
Median Household Income
$44,321
Median Earnings
$1,211
Median Rent
$223,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail/commercial space with a customer seating area, dedicated food prep, and back-of-house kitchen support features.
Where is this retail space located?
The property is located at 115 N Main St Broken Arrow, OK.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 2012‑built retail/commercial space with 3,000 ± SF; Flexible interior layout with customer/dining seating, dedicated food prep, and a commercial kitchen area down the hall; Includes a private party/event room and a storage area
