Multi-Use Commercial
For Sale
Contact for pricing
1010 Garth Brooks Blvd, Yukon, OK 73099
3-story retail, office, and flex property with retail occupancy and fully occupied flex space.
Property Size44,023 SF
Price / SF$99.95
Days on Market1024
Property Features for 1010 Garth Brooks Blvd
General Information
Standard status
Active
Size
44,023 SF
Property subtype
RETAIL
Listing Agency:
Baker First Commercial Real Estate Services Inc.
(405) 816-5456
Listed By:
Bill Reid · License #OK 067695
(405) 816-5456
Source:
Moodyscre
Added: Oct 13, 2023
Changed: Jul 25
Last Checked: Jul 25 at 11:52AM
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 Baker First Commercial Real Estate Services Inc.
Investment Insights
Based on property information with market context.
Located at 1010 Garth Brooks Blvd, Yukon, OK 73099, this 3-story multi-use commercial center totals 44,023 SF +/- on 4.15 acres MOL. The first-floor retail component contains 17,533 SF and is reported as 90% occupied. The second and third floors provide 14,940 SF of office space available as a vacant shell, intended to require tenant finish for future occupancy. A separate flex building totals 11,550 SF and is reported as 100% occupied.
The site includes co-located outparcels featuring Dutch Bros and HTeaO. The property is positioned on the NW corner of Garth Brooks Blvd and W. Vandament, with easy access from I-40. Nearby retail and restaurant activity includes Walmart Supercenter, Sprouts, Walgreens, and numerous other retailers/restaurants located adjacent to the intersection.
The seller is marketing the asset with an 8% cap rate based on 90% retail occupancy and 100% occupancy of the flex space.
The site includes co-located outparcels featuring Dutch Bros and HTeaO. The property is positioned on the NW corner of Garth Brooks Blvd and W. Vandament, with easy access from I-40. Nearby retail and restaurant activity includes Walmart Supercenter, Sprouts, Walgreens, and numerous other retailers/restaurants located adjacent to the intersection.
The seller is marketing the asset with an 8% cap rate based on 90% retail occupancy and 100% occupancy of the flex space.
Key Highlights
- 3‑story multi‑use commercial center (retail, office, and flex) totaling 44,023 sf +/- on 4.15 acres MOL
- Retail space: 17,533 sf on the 1st floor with 90% occupancy
- Office space: 14,940 sf on the 2nd and 3rd floors as a vacant shell
Financial Insights For Industrial
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 | $422.6k | $9.60 |
| − Vacancy | −$32.1k | −$0.73 |
| EGI | $390.5k | $8.87 |
| − OpEx | −$117.2k | −$2.66 |
| NOI | $273.4k | $6.21 |
44,023 SF · lease $9.60/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$8.17M
$7.15M – $9.54M
NOI $572,190 @ 7.0% cap · market cap 13.00%
Second Best
Retail
$6.07M
$5.31M – $7.09M
NOI $425,114 @ 7.0% cap · market cap 9.66%
Theoretical Best
Office A
$9.59M
$8.39M – $11.18M
NOI $670,991 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73099, OK
83,213
Population
32,654
Households
2.5
Avg Household Size
35
Median Age
35%
College-Educated
94%
High-School Grad
124.7 sq mi
ZIP Area
667
Density / Sq Mi
$86,198
Median Household Income
$46,490
Median Earnings
$1,255
Median Rent
$229,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 3-story retail, office, and flex property with retail occupancy and fully occupied flex space.
Where is this flex space located?
The property is located at 1010 Garth Brooks Blvd Yukon, OK.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 3‑story multi‑use commercial center (retail, office, and flex) totaling 44,023 sf +/- on 4.15 acres MOL; Retail space: 17,533 sf on the 1st floor with 90% occupancy; Office space: 14,940 sf on the 2nd and 3rd floors as a vacant shell
