Retail Strip
For Sale
$995,000
1432 Piedmont Road N, Piedmont, OK 73078
Established retail-area property with additional land available for separate purchase.
Property Size8,800 SF
Price / SF$113.07
Days on Market239
Property Features for 1432 Piedmont Road N
General Information
Standard status
Active
Size
8,800 SF
Property subtype
Strip Center
Building Details
Building Size
8,800 SF
Listing Agency:
BANTA Property Group
Listed By:
Greg Banta · License #109170
(405) 840-1600
Source:
Thebrokerlist
Added: Feb 18
Changed: Sep 10
Last Checked: Oct 14 at 7:37PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail strip center includes an 8,800-square-foot building at 1432 Piedmont Road N. in Piedmont, Oklahoma. The property is positioned within an established retail area and is offered for sale.
Additional land is available for separate purchase, providing a distinct opportunity to acquire more property alongside the existing retail center. The site’s Piedmont setting and retail-oriented configuration support continued commercial use.
Additional land is available for separate purchase, providing a distinct opportunity to acquire more property alongside the existing retail center. The site’s Piedmont setting and retail-oriented configuration support continued commercial use.
Key Highlights
- 8,800‑square‑foot retail building
- Located at 1432 Piedmont Road N., Piedmont, OK 73078
- Situated within an established retail area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,978
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,699,560
$1.7M
Cap Rate 7%
$1,213,971
$1.2M
Cap Rate 9%
$944,200
$944.2K
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$126.7K $14.40/SF
− Vacancy
−$5.3K −$0.60/SF
EGI
$121.4K $13.80/SF
− OpEx
−$36.4K −$4.14/SF
NOI
$85.0K $9.66/SF
Area
Canadian County, OK
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,699,560
Cap Rate 7%
$1,213,971
Cap Rate 9%
$944,200
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.42M
NOI $84,978 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,128 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 73078, OK
12,069
Population
4,683
Households
2.6
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
64.9 sq mi
ZIP Area
186
Density / Sq Mi
$97,197
Median Household Income
$54,181
Median Earnings
$1,657
Median Rent
$288,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Established retail-area property with additional land available for separate purchase.
Where is this strip mall located?
The property is located at 1432 Piedmont Road N Piedmont, 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: 8,800‑square‑foot retail building; Located at 1432 Piedmont Road N., Piedmont, OK 73078; Situated within an established retail area
