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 Market198
Property Features for 1801 West Edmond Road
General Information
Standard status
Active
Size
5,118 SF
Property subtype
Retail
Listing Agency:
CBRE | Oklahoma City
Listed By:
Wil Scofield · License #205995
(405) 607-6093
Source:
Cbre
Added: Mar 25
Changed: Sep 28
Last Checked: Oct 7 at 9:49AM
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
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.
Property Analytics
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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
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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.
