19857 NE 23rd St, Harrah, OK
Former restaurant with drive-through on busy street in Harrah.
- Added:
- Jan 30, 2023
- Days on Market:
- 1232
- Last Refresh:
- Apr 5 at 10:32 pm
Property Features for 19857 NE 23rd St
General Information
- Standard status
- Active
- Size
- 1,376 SF
- Lot size
- 1.15 Acres
- Property subtype
- RETAIL
Properties For Sale
at 19857 NE 23rd St Contact us
Listing agent Michael Almaraz
Listing office Newmark Robinson Park | Oklahoma City (405) 840-1500
Listing date Jan 30, 2023
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Newmark Robinson Park | Oklahoma City
HighLights
- Excellent access and visibility from all directions.
- Ample parking with covered drive‑through area.
- Suitable for quick service food or coffee concept.
- Located on busy NE 23rd Street near the new Turnpike.
- Close proximity to new home construction.
- Lease to purchase option available.
Overview
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 | $23.0k | $16.68 |
| − Vacancy | −$2.2k | −$1.60 |
| EGI | $20.7k | $15.08 |
| − OpEx | −$6.2k | −$4.52 |
| NOI | $14.5k | $10.56 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Harrah
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.1797
- Latitude
- 35.4935
