Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Weatherford Bowling Alley Business Opportunity Title is generated by Realmo AI

    123 S Broadway Street, Weatherford, OK 73096

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $375,000

    Turn-key bowling alley with arcade and expansion potential.

    Type:Commercial/Industrial
    Property size:
    9,662 SF
    Price / SF:
    $38/SF
    Added:
    Mar 12, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 6 at 12:09 am

    Property Features for 123 S Broadway Street

    General Information

    Standard status
    Active
    Size
    9,662 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Christy Green

    Listing agent Christy Green License #180744

    Listing office Green Real Estate LLC

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Green Real Estate LLC

    HighLights

    • Turnkey bowling alley business opportunity.
    • Multiple revenue streams from bowling and arcade, with potential for putt‑putt golf.
    • Expansion possibilities include a restaurant, bar, indoor putt‑putt, pickleball, and private party space.
    • Established business known for family events and a friendly environment.
    • New roof installed in 2019.
    • Seller willing to assist with transition.

    Overview

    This is a turn-key business opportunity located in Weatherford, Oklahoma. The property, known as "Southwestern Lanes", is a popular bowling alley that offers bowling and arcade-video games. There is also an opportunity for putt-putt golf to be installed. Additional business opportunities include the option of expanding the snack bar to restaurant space, expanding bar options, indoor putt putt, a potential pickle ball area and space for private parties and/or other business opportunities. The property is known for hosting family events and is enriched with a friendly environment. In 2019, a new roof was installed. The property size is 9662 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bowling alleys

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Weatherford
    County
    Custer
    State
    Oklahoma
    Longitude
    -98.7092
    Latitude
    35.5265

    Nearby Similar for Sale

    • $300,000

      Versatile Commercial Building in Weatherford, OK

      9,600 SF commercial building on 2.41 acres near I-40.
      TBD E 1040 Rd, Weatherford, OK 73096
      View Details
    • $752,000
      3,760 SF

      Commercial Building on Route 66

      Versatile 3760 sqft commercial building on a full acre lot.
      1200 N Lyle Road, Weatherford, OK 73096
      View Details
    • $199,000
      1,666 SF

      Well-Maintained Duplex in Quiet Cul-de-Sac

      Duplex with updated units, long-term tenants, and rental income potential.
      117 W McKormic Drive, Weatherford, OK 73096
      View Details
    • $1,490,000
      16,000 SF

      Weatherford Commercial Property with I-40 Visibility

      16,000 sq ft commercial building on 5 acres.
      23894 S Frontage Road, Weatherford, OK 73096
      View Details
    • $1,750,000
      16,000 SF

      High-Visibility Commercial Building on I-40

      16,000 sq ft building on 5 acres with I-40 visibility.
      23894 S Frontage Road, Weatherford, OK 73096
      View Details
    • $499,000

      High-Visibility Frontage Retail Space

      Retail space with high-visibility frontage along I-40.
      25254 S Frontage Rd, Weatherford, OK 73096
      View Details
    • $749,900
      5,600 SF

      Mixed-Use Property in Weatherford, OK

      Renovated mixed-use property with retail and residential potential.
      115 E Main Street, Weatherford, OK 73096
      View Details
    • $400,000
      5,200 SF

      Office and Warehouse on Highway

      Office and warehouse space with fenced yard and parking.
      10121 Highway 54, Weatherford, OK 73096
      View Details
    • $1,750,000
      16,000 SF

      Weatherford Commercial Opportunity For Sale

      High-visibility 16,000 sq ft building near I-40.
      23894 S Frontage Rd, Weatherford, OK 73096
      View Details
    • $149,000
      1,500 SF

      Weatherford Duplex with Privacy

      Two-bedroom, one-bath duplex with washer/dryer hookups on a private lot.
      113 W McKormic Street, Weatherford, OK 73096
      View Details
    • Contact for pricing
      10,000 SF

      Downtown Weatherford Office Building

      10,000 sq ft office building in downtown Weatherford.
      110 E Franklin Ave, Weatherford, OK
      View Details
    • $1,200,000
      3,176 SF

      Weatherford Restaurant Building For Sale

      3,024 SF restaurant building with drive-thru, built in 2018.
      601 E Main St, Weatherford, OK
      View Details

    FAQs

    What type of property is this?
    Bowling alley - Turn-key bowling alley with arcade and expansion potential.
    Where is this bowling alley located?
    The property is located at 123 S Broadway Street Weatherford, OK.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Turnkey bowling alley business opportunity.; Multiple revenue streams from bowling and arcade, with potential for putt‑putt golf.; Expansion possibilities include a restaurant, bar, indoor putt‑putt, pickleball, and private party space.
    (580) 302-3210
    We can help!
    Listing Contact
    Christy Green
    Real Estate License ID: 180744
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    123 S Broadway Street, Weatherford, OK 73096
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!