Retail Storefront with Pylon
For Sale
$450,000
7101 - 7117 East Reno Avenue, Midwest City, OK 73110
Open retail sales area includes one private office and restroom, with large pylon signage on a major Reno Ave corridor.
Property Size3,562 SF
Days on Market131
Property Features for 7101 - 7117 East Reno Avenue
General Information
Standard status
Active
Size
3,562 SF
Property subtype
Retail - Street Retail
Additional Details
Road Access
Yes
Amenities
pylon sign
Building Details
Building Size
3,562 SF
Units
4
Listing Agency:
Banta Property Group
(405) 840-1600
Listed By:
Greg Banta · License #109170
Source:
Commercialcafe
Added: Apr 4
Changed: Aug 10
Last Checked: Aug 10 at 8:50PM
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 Banta Property Group
Investment Insights
Based on property information with market context.
This retail storefront offering is positioned at 7101–7117 E Reno Ave, providing frontage and accessibility on Reno Avenue just east of Air Depot Boulevard. The space is laid out with an open area for retail sales, plus one private office and a restroom.
The property is located on a heavily traveled corridor and sits across from Crest Foods, with a large pylon sign on the street to support business visibility. It has been presented as suitable for redevelopment and also for pad site development.
For an owner-user or developer looking for a highly visible commercial site with an existing retail layout and street-sign exposure, this location along established retail and commercial frontage may be worth a closer look.
The property is located on a heavily traveled corridor and sits across from Crest Foods, with a large pylon sign on the street to support business visibility. It has been presented as suitable for redevelopment and also for pad site development.
For an owner-user or developer looking for a highly visible commercial site with an existing retail layout and street-sign exposure, this location along established retail and commercial frontage may be worth a closer look.
Key Highlights
- Open retail sales area with one private office and a restroom
- Large pylon sign on E Reno Ave for business visibility
- Commercial frontage on E Reno Ave just east of Air Depot Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,597
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$751,940
$751.9K
Cap Rate 7%
$537,100
$537.1K
Cap Rate 9%
$417,744
$417.7K
Market Conditions
NOI Build-Up for 3,562 SF
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.
Gross rent
$59.4K $16.68/SF
− Vacancy
−$5.7K −$1.60/SF
EGI
$53.7K $15.08/SF
− OpEx
−$16.1K −$4.52/SF
NOI
$37.6K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$751,940
Cap Rate 7%
$537,100
Cap Rate 9%
$417,744
Alternative Uses
Best Use
Retail
$537.1K
$470.0K – $626.6K
NOI $37,597 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.9K
$649.2K – $865.6K
NOI $51,933 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
167k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Apparel 25%
Groceries 11%
Superstores 7%
Ross Dress for Less
Apparel
23,201 visits/mo
0.1 miles
Braum's Ice Cream & Dairy Stores
Dining
20,471 visits/mo
0.1 miles
Aldi
Groceries
18,299 visits/mo
0.5 miles
Taco Casa
Dining
17,491 visits/mo
0.4 miles
SONIC Drive In
Dining
16,440 visits/mo
0.3 miles
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Open retail sales area includes one private office and restroom, with large pylon signage on a major Reno Ave corridor.
Where is this retail space located?
The property is located at 7101 - 7117 East Reno Avenue Midwest City, OK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Open retail sales area with one private office and a restroom; Large pylon sign on E Reno Ave for business visibility; Commercial frontage on E Reno Ave just east of Air Depot Boulevard
