Building Details

Year Built 1960

Listing Agency: C21/First Choice Realty

Listed By: Traven Hilton Show Phone

Source: Alloverok

Added: Aug 3 Changed: Oct 5 Last Checked: Oct 7 at 4:19PM

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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 C21/First Choice Realty

Investment Insights

Based on property information with market context.

This storefront commercial property is located at 123 S Broadway St in Coweta, Oklahoma. Built in 1960, the building received TPO roofing in 2022 and sits within Coweta’s Broadway District.

Key Highlights

• TPO roofing installed in 2022
• Located at 123 S Broadway St, Coweta, OK 74429
• Constructed in 1960

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,456

Cap Rate

8.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$389,120 $389.1K

Cap Rate 7%

$277,943 $277.9K

Cap Rate 9%

$216,178 $216.2K

Market Conditions

NOI Build-Up for 1,760 SF

Gross rent

$29.6K $16.80/SF

− Vacancy

−$1.8K −$1.01/SF

EGI

$27.8K $15.79/SF

− OpEx

−$8.3K −$4.74/SF

NOI

$19.5K $11.05/SF

Area

Wagoner County, OK

Vacancy

6.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$389,120

Cap Rate 7%

$277,943

Cap Rate 9%

$216,178

Alternative Uses

Best Use

Retail

$277.9K

$243.2K – $324.3K (±1% cap)

NOI $19,456 @ 7.0% cap · market cap 8.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$415.2K

$363.3K – $484.4K (±1% cap)

NOI $29,061 @ 7.0% cap · market cap 12.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Garden Center Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 74429, OK

15,974

Population

6,457

Households

2.5

Avg Household Size

38

Median Age

25%

College-Educated

92%

High-School Grad

84.2 sq mi

ZIP Area

190

Density / Sq Mi

$73,545

Median Household Income

$46,558

Median Earnings

$968

Median Rent

$215,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Downtown commercial building with TPO roofing installed in 2022.

Where is this storefront property located?

The property is located at 123 S Broadway St Coweta, OK.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: TPO roofing installed in 2022; Located at 123 S Broadway St, Coweta, OK 74429; Constructed in 1960