Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Broken Bow Highway Commercial Opportunity Title is generated by Realmo AI

    1506 S Park Drive, Broken Bow, OK 74728

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-visibility commercial property in Broken Bow's growing tourism market.

    Type:Mixed Use, Retail, Industrial
    Property size:
    30,740 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $32/SF
    Added:
    Mar 24, 2026
    Days on Market:
    59
    Last Refresh:
    Mar 25 at 8:47 pm

    Property Features for 1506 S Park Drive

    General Information

    Standard status
    Active
    Size
    30,740 SF
    Lot size
    2.00 Acres
    Property subtype
    Mixed Use, Retail, Industrial

    Building Details

    Year Built
    1967

    We can help!

    Listing Contact
    Cindy Morrison

    Listing agent Cindy Morrison License #178376

    Listing office Chinowth & Cohen

    Listing date Mar 24, 2026

    Source Crexi

    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 Chinowth & Cohen

    HighLights

    • High‑traffic highway location in Broken Bow with exceptional visibility and exposure.
    • Large 30,740 sq ft building suitable for retail, showroom, warehouse, entertainment, or mixed‑use.
    • Located on approximately 2 acres, offering redevelopment potential.
    • Prime location in Oklahoma's rapidly growing tourism market.
    • Ideal for convenience stores, travel centers, national brands, tribal enterprises, or retail development.
    • Rare large commercial site with highway visibility, building size, and land availability in Broken Bow.

    Overview

    Located on a high-traffic highway corridor in Broken Bow, this commercial property offers significant visibility. Situated on approximately 2 acres, the site features a 30,740 square foot building that previously functioned as a furniture showroom. The property is suitable for retail, showroom, warehouse, entertainment, or mixed-use concepts, and could also be redeveloped. The location is suited for convenience stores, travel centers, national brands, tribal enterprises, and retail development. The area is experiencing growth driven by tourism, outdoor recreation, and visitor traffic. The property offers highway visibility, building size, and land availability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glen's Furniture Co Furniture & Home Goods

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broken Bow
    County
    McCurtain
    State
    Oklahoma
    Longitude
    -94.739621
    Latitude
    34.01113

    Nearby Similar for Sale

    • $1,000,000
      30,740 SF

      Highway Frontage Commercial Opportunity

      High-visibility commercial property in Broken Bow, Oklahoma's tourism corridor.
      1506 S Park Drive, Broken Bow, OK 74728
      View Details
    • $1,400,000
      7,200 SF

      Charming Retail Storefront in Broken Bow

      Turnkey retail storefront in a high-traffic tourism corridor.
      201 Randy Rutherford, Broken Bow, OK 74728
      View Details
    • $249,995

      Broken Bow Vacant Land with Shop

      4.91 acres with metal shop building near Highway 70.
      000 Silvey Rd, Broken Bow, OK 74728
      View Details
    • $2,970,000

      Oklahoma Ranch Property Near Lake

      480-acre ranch near Broken Bow Lake with robust infrastructure.
      2661 Holly Creek Rd, Broken Bow, OK 74728
      View Details
    • $650,000

      Turnkey Income-Producing Tiny Homes

      Two income-producing tiny homes on two acres in Hochatown.
      396 Choate, Broken Bow, OK 74728
      View Details
    • $2,927,145
      8,600 SF

      Broken Bow Retail Investment Opportunity

      Fully leased retail center in high-demand tourist destination.
      91 Sugarberry Trail, Broken Bow, OK 74728
      View Details
    • $395,000

      Commercial Property with Highway Frontage

      Commercial property suitable for an auto shop or other business.
      1277 E Martin Luther King Drive, Broken Bow, OK 74728
      View Details
    • $499,000
      6,678 SF

      Downtown Storefront Building For Sale

      Commercial storefront in downtown Broken Bow with high visibility.
      110 N Broadway Street, Broken Bow, OK 74728
      View Details
    • $2,927,145
      8,600 SF

      Broken Bow Retail Investment Opportunity

      Multi-tenant retail property near Broken Bow Lake for sale.
      91 Sugarberry Trail, Broken Bow, OK
      View Details
    • $1,195,000
      1,580 SF

      40-Acre Farm with Startup Equipment

      40-acre farm with equipment and Tyson revenue.
      2460 Bailey Road, Other OK, OK 74728
      View Details
    • $1,195,000
      1,580 SF

      40-Acre Farm with Startup Equipment

      40-acre farm with equipment and Tyson contract for sale.
      2460 Bailey Road, Other OK, OK 74728
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-visibility commercial property in Broken Bow's growing tourism market.
    Where is this mixed-use property located?
    The property is located at 1506 S Park Drive Broken Bow, OK.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: High‑traffic highway location in Broken Bow with exceptional visibility and exposure.; Large 30,740 sq ft building suitable for retail, showroom, warehouse, entertainment, or mixed‑use.; Located on approximately 2 acres, offering redevelopment potential.
    (918) 760-5751 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cindy Morrison
    Real Estate License ID: 178376
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1506 S Park Drive, Broken Bow, OK 74728
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!