Restaurant Property on Main
920 Ross Ave Fort Gibson, OK 74434
For Sale
$800,000
Pending
For sale restaurant property on Ross Ave with flexibility for restaurant use and multiple deal structures.
Property Size2,958 SF
Days on Market739
Property Features for 920 Ross Ave
General Information
- Standard status
- Pending
- Size
- 2,958 SF
Listing Agency:
Coldwell Banker Select
(918) 708-5888
Listed By:
Bobby J. McAlpine Jr · License #155147
(918) 708-5888
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 22
Last Checked: Jul 22 at 2:48PM
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 Coldwell Banker Select
Investment Insights
Based on property information with market context.
This restaurant property at 920 Ross Ave in Fort Gibson is being offered for sale and is positioned for restaurant use. The seller notes there are no restrictions on the type of restaurant going into the location, supporting a range of possible concepts.
The owner is also open to lease, lease purchase, or lease option arrangements. Call for an appointment to view the property.
The owner is also open to lease, lease purchase, or lease option arrangements. Call for an appointment to view the property.
Key Highlights
- Restaurant property for sale on Ross Ave in Fort Gibson
- No restrictions on any type of restaurant use at this location
- Available for multiple deal structures including lease, lease‑purchase, or lease option
Financial Insights For Specialty 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 | $40.8k | $13.80 |
| − Vacancy | −$2.9k | −$0.99 |
| EGI | $37.9k | $12.81 |
| − OpEx | −$9.5k | −$3.20 |
| NOI | $28.4k | $9.60 |
2,958 SF · lease $13.80/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$405.9K
$355.1K – $473.5K
NOI $28,411 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$619.1K
$541.8K – $722.3K
NOI $43,340 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - For sale restaurant property on Ross Ave with flexibility for restaurant use and multiple deal structures.
Where is this conventional restaurant located?
The property is located at 920 Ross Ave Fort Gibson, OK.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Restaurant property for sale on Ross Ave in Fort Gibson; No restrictions on any type of restaurant use at this location; Available for multiple deal structures including lease, lease‑purchase, or lease option
