Restaurant with
For Sale
$725,000
1200 S Scott Unit 1, Fort Gibson, OK 74434
The sale includes restaurant equipment, chairs, and décor, with C1 Local C zoning.
Property Size3,000 SF
Price / SF$241.67
Days on Market129
Property Features for 1200 S Scott Unit 1
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Business
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
2013
Listing Agency:
Chinowth & Cohen
(918) 537-2263
Listed By:
Maria Corral · License #201006
(918) 869-1062
Source:
Spiritrealtygroup
Added: Jun 27
Changed: Nov 1
Last Checked: Nov 1 at 3:36AM
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 Chinowth & Cohen
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,000-square-foot restaurant was built in 2013. Equipment, chairs, and décor are included in the sale, providing a range of existing furnishings and restaurant items. The property is zoned C1 Local C.
Located at 1200 S Scott Street #1 in Fort Gibson, Oklahoma, the property has operated as a family-owned business for more than 25 years.
Located at 1200 S Scott Street #1 in Fort Gibson, Oklahoma, the property has operated as a family-owned business for more than 25 years.
Key Highlights
- 3,000‑square‑foot restaurant building
- Built in 2013
- Equipment, chairs, and décor included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,814
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,280
$576.3K
Cap Rate 7%
$411,629
$411.6K
Cap Rate 9%
$320,156
$320.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$41.4K $13.80/SF
− Vacancy
−$3.0K −$0.99/SF
EGI
$38.4K $12.81/SF
− OpEx
−$9.6K −$3.20/SF
NOI
$28.8K $9.60/SF
Area
Muskogee County, OK
Vacancy
7.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,280
Cap Rate 7%
$411,629
Cap Rate 9%
$320,156
Alternative Uses
Best Use
Specialty Retail
$411.6K
$360.2K – $480.2K
NOI $28,814 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$627.9K
$549.4K – $732.6K
NOI $43,955 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74434, OK
8,889
Population
4,015
Households
2.2
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
123.2 sq mi
ZIP Area
72
Density / Sq Mi
$72,454
Median Household Income
$44,019
Median Earnings
$787
Median Rent
$181,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes restaurant equipment, chairs, and décor, with C1 Local C zoning.
Where is this conventional restaurant located?
The property is located at 1200 S Scott Unit 1 Fort Gibson, OK.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,000‑square‑foot restaurant building; Built in 2013; Equipment, chairs, and décor included
