Edmond Restaurant Space with
For Sale
$995,000
1801 West Edmond Road, Edmond, OK 73003
5,118 SF restaurant space for sale with drive-thru.
Property Size5,118 SF
Price / SF$194.41
Days on Market141
Property Features for 1801 West Edmond Road
General Information
Standard status
Active
Size
5,118 SF
Property subtype
Retail
Listing Agency:
(405) 607-6093
Listed By:
Wil Scofield
(405) 607-6093
Source:
Cbre
Added: Mar 25
Changed: Aug 11
Last Checked: Aug 11 at 1:33PM
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 Wil Scofield
Investment Insights
Based on property information with market context.
This 5,118 SF commercial real estate property is available for sale. The property features a drive-thru, a full bar, and outdoor seating. It is currently under a 5-year lease, with the lease term running from November 1, 2023, to October 31, 2028, at a lease rate of $6,824 per month. The property is located near Aldi, Arvest Bank, Hidalgo’s Mexican Restaurant & Cantina, Hobby’s Hoagies, Inspirations Tea Room, Willow Creek Shopping Center, Planet Fitness, Menchies Frozen Yogurt, Lemongrass Thai Restaurant, and Braum’s.
Key Highlights
- High Cap Rate: 8.2%
- Benefit from the Drive‑Thru.
- Enjoy a drink at the Full Bar.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,021
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,080,420
$1.1M
Cap Rate 7%
$771,729
$771.7K
Cap Rate 9%
$600,233
$600.2K
Market Conditions
NOI Build-Up for 5,118 SF
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.
Gross rent
$85.4K $16.68/SF
− Vacancy
−$8.2K −$1.60/SF
EGI
$77.2K $15.08/SF
− OpEx
−$23.2K −$4.52/SF
NOI
$54.0K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,080,420
Cap Rate 7%
$771,729
Cap Rate 9%
$600,233
Alternative Uses
Best Use
Retail
$771.7K
$675.3K – $900.4K
NOI $54,021 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$932.7K – $1.24M
NOI $74,619 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 37%
Edmond #1
Shops & Services
12,497 visits/mo
0.4 miles
Taco Bell
Dining
11,715 visits/mo
0.4 miles
Chase Bank
Shops & Services
9,275 visits/mo
0.4 miles
Menchie's Frozen Yogurt
Dining
3,690 visits/mo
0.4 miles
Arvest Bank
Shops & Services
3,473 visits/mo
0.2 miles
Demographics for 73003, OK
22,648
Population
9,760
Households
2.3
Avg Household Size
36
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,061
Density / Sq Mi
$76,957
Median Household Income
$45,176
Median Earnings
$1,338
Median Rent
$230,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 5,118 SF restaurant space for sale with drive-thru.
Where is this retail space located?
The property is located at 1801 West Edmond Road Edmond, 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: High Cap Rate: 8.2%; Benefit from the Drive‑Thru.; Enjoy a drink at the Full Bar.
