Newly Built Highway
17983 E 116th Street N, Owasso, OK 74055
For Sale
$530,000
Commercial, Owasso, OK
Property Size1,900 SF
Lot Size0.07 Acres
Price / SF$278.95
Days on Market280
Property Features for 17983 E 116th Street N
General Information
Property type
Property subtype
Zoning
Interior features
Exterior features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Premier · Keller Williams Realty
(918) 272-0809
Listed By:
Jackie Shields · License OK #156798
(918) 798-5581
Added: Feb 6
Changed: Oct 15
Last Checked: Nov 12 at 6:06AM
MLS# 2604304
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2023, this 1,900-square-foot storefront property provides a newly constructed commercial building at 17983 E 116th Street N. The structure features brick exterior construction, a metal roof, concrete flooring, and a public restroom. One bathroom is completed, with plumbing in place for two additional bathrooms.
The property is identified as commercial zoning and fronts Highway 20 in Owasso, Oklahoma. A sidewalk serves the site, while the building’s interior is described as adaptable for retail, office, or specialized commercial use. Approved plans for additional buildings on-site are included, providing documented development plans for the property.
The property is identified as commercial zoning and fronts Highway 20 in Owasso, Oklahoma. A sidewalk serves the site, while the building’s interior is described as adaptable for retail, office, or specialized commercial use. Approved plans for additional buildings on-site are included, providing documented development plans for the property.
Key Highlights
- 1,900‑square‑foot storefront property built in 2023
- Commercial zoning in Owasso, OK
- Brick construction with a metal roof and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,352
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,040
$387.0K
Cap Rate 7%
$276,457
$276.5K
Cap Rate 9%
$215,022
$215.0K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$28.5K $15.00/SF
− Vacancy
−$855 −$0.45/SF
EGI
$27.6K $14.55/SF
− OpEx
−$8.3K −$4.36/SF
NOI
$19.4K $10.18/SF
Area
Tulsa County, OK
Vacancy
3.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,040
Cap Rate 7%
$276,457
Cap Rate 9%
$215,022
Alternative Uses
Best Use
Retail
$276.5K
$241.9K – $322.5K
NOI $19,352 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.2K
$374.7K – $499.6K
NOI $29,975 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,717 visits/mo
0.4 miles
Demographics for 74055, OK
48,776
Population
19,539
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
958
Density / Sq Mi
$86,897
Median Household Income
$46,956
Median Earnings
$1,218
Median Rent
$261,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Tulsa County, OK
Properties on Market for Storefront properties in Tulsa County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial-zoned building offers concrete flooring, a public restroom, and sidewalk access.
Where is this storefront property located?
The property is located at 17983 E 116th Street N Owasso, OK.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 1,900‑square‑foot storefront property built in 2023; Commercial zoning in Owasso, OK; Brick construction with a metal roof and concrete flooring
