Edmond Restaurant Space with
1801 West Edmond Road, Edmond, OK 73003
For Sale
$995,000
5,118 SF restaurant space for sale with drive-thru.
Property Size5,118 SF
Price / SF$194.41
Days on Market231
Property Features for 1801 West Edmond Road
General Information
Standard status
Size
Property subtype
Listing Agency:
CBRE | Oklahoma City
Listed By:
Wil Scofield · License OK #205995
(405) 607-6093
Source:
Cbre
Added: Mar 25
Changed: Oct 30
Last Checked: Nov 8 at 4:11AM
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 CBRE | Oklahoma City
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$54,021
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$230,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Oklahoma County, OK
Properties on Market for Retail space in Oklahoma County
Vacancy Rate% for Retail in South region
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.
