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Route 66 Retail Investment

1607 OK-66 Catoosa, OK

1607 OK-66, Catoosa, OK, 00000
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For Sale
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Iconic property on Route 66 with income stream.

Property Size5,000 SF
Lot Size0.59 Acres
Price / SF$259
AddedNov 25, 2025
Days on Market232
Last RefreshMay 20 at 8:53 pm

Property Features for 1607 OK-66

General Information

Standard status
Active
Size
5,000 SF
Lot size
0.59 Acres
Property subtype
RETAIL

Listing office Herndon & Kelley Commercial Real Estate

Listing date Nov 25, 2025

Source Moodyscre

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 Herndon & Kelley Commercial Real Estate


Investment Insights

Based on property information with market context.

This 5,000 square foot retail property is located on Route 66 in Catoosa, Oklahoma. Known locally as Barn 66 for the past half-century, the property has been updated and offers a significant income stream. The location along world-famous Route 66 provides excellent positioning for high traffic flow.

Key Highlights

  • Located on world‑famous Route 66.
  • Significant income stream.
  • Updated property.

Local Financial Insights For 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 $106.2k $21.24
− Vacancy −$5.9k −$1.19
EGI $100.3k $20.05
− OpEx −$30.1k −$6.02
NOI $70.2k $14.04
5,000 SF · lease $21.24/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.00M
$877.2K – $1.17M (±1% cap)
NOI $70,177 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M (±1% cap)
NOI $87,660 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

FAQs

What type of property is this?
Storefront property - Iconic property on Route 66 with income stream.
Where is this storefront property located?
The property is located at 1607 OK-66 Catoosa, OK.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Located on world‑famous Route 66.; Significant income stream.; Updated property.
Contact an agent
(918) 688-8872 Call to check price and availability
More about this property
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