Edmond Restaurant Space with
1801 West Edmond Road Edmond, OK 73003
For Sale
$995,000
5,118 SF restaurant space for sale with drive-thru.
Property Size5,118 SF
Price / SF$194.41
Days on Market126
Property Features for 1801 West Edmond Road
General Information
Standard status
Active
Size
5,118 SF
Property subtype
Retail
Listing Agency:
(405) 607-6093
Listed By:
Wil Scofield
(405) 607-6093
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Jul 27 at 9:11AM
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 Wil Scofield
Investment Insights
Based on property information with market context.
This 5,118 SF commercial real estate property is available for sale. The property features a drive-thru, a full bar, and outdoor seating. It is currently under a 5-year lease, with the lease term running from November 1, 2023, to October 31, 2028, at a lease rate of $6,824 per month. The property is located near Aldi, Arvest Bank, Hidalgo’s Mexican Restaurant & Cantina, Hobby’s Hoagies, Inspirations Tea Room, Willow Creek Shopping Center, Planet Fitness, Menchies Frozen Yogurt, Lemongrass Thai Restaurant, and Braum’s.
Key Highlights
- High Cap Rate: 8.2%
- Benefit from the Drive‑Thru.
- Enjoy a drink at the Full Bar.
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 | $85.4k | $16.68 |
| − Vacancy | −$8.2k | −$1.60 |
| EGI | $77.2k | $15.08 |
| − OpEx | −$23.2k | −$4.52 |
| NOI | $54.0k | $10.56 |
5,118 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$771.7K
$675.3K – $900.4K
NOI $54,021 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$932.7K – $1.24M
NOI $74,619 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 5,118 SF restaurant space for sale with drive-thru.
Where is this retail space located?
The property is located at 1801 West Edmond Road Edmond, OK.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: High Cap Rate: 8.2%; Benefit from the Drive‑Thru.; Enjoy a drink at the Full Bar.
