902 S Hickory St, Sapulpa, OK
Well-established restaurant with loyal customer base in prime location.
- Added:
- Jul 2, 2024
- Days on Market:
- 713
- Last Refresh:
- May 20 at 9:14 pm
Property Features for 902 S Hickory St
General Information
- Standard status
- Active
- Size
- 1,928 SF
- Lot size
- 0.24 Acres
- Property subtype
- RETAIL
Listing agent Amanda Bivens License #172154 (918) 630-6468
Listing office Chinowth & Cohen - South Tulsa (918) 630-6468
Listing date Jul 2, 2024
Source Moodyscre
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HighLights
- Well‑established restaurant with a loyal customer base.
- Prime location in Sapulpa.
- Turnkey operation ready for a new owner.
- Well‑maintained and in excellent condition.
- Reputable business with a strong local legacy.
- Opportunity to expand an existing restaurant portfolio.
Overview
Local Financial Insights For Specialty 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 | $34.7k | $18.00 |
| − Vacancy | −$1.0k | −$0.54 |
| EGI | $33.7k | $17.46 |
| − OpEx | −$8.4k | −$4.37 |
| NOI | $25.2k | $13.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sapulpa
- County
- Creek
- State
- Oklahoma
- Longitude
- -96.1193
- Latitude
- 35.988
