Retail Space with Office
For Sale
Contact for pricing
1940 Church Avenue, Harrah, OK 73045
The interior includes an open retail area, four offices, and a restroom.
Property Size2,000 SF
Price / SF$0.60
Days on Market594
Property Features for 1940 Church Avenue
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,000 SF
Year Built
1925
Stories
1
Listing Agency:
Brick and Beam Realty
(405) 439-9206
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
Carlallsrealestate
Added: Mar 10, 2025
Changed: Oct 23
Last Checked: Oct 23 at 3:58PM
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 Brick and Beam Realty
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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 2,000-square-foot retail suite is part of a four-unit center built in 1925. Its layout includes an open retail area, four individual offices, and one restroom. The property has CBD (Central Business District) zoning.
The suite is at 1940 Church Avenue in Harrah, with access to Kickapoo Turnpike and I-40. Street parking is available.
The suite is at 1940 Church Avenue in Harrah, with access to Kickapoo Turnpike and I-40. Street parking is available.
Key Highlights
- 2,000 SF retail suite in a four‑unit center
- Four offices, an open retail area, and one restroom
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,110
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,200
$422.2K
Cap Rate 7%
$301,571
$301.6K
Cap Rate 9%
$234,556
$234.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$33.4K $16.68/SF
− Vacancy
−$3.2K −$1.60/SF
EGI
$30.2K $15.08/SF
− OpEx
−$9.0K −$4.52/SF
NOI
$21.1K $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%
$422,200
Cap Rate 7%
$301,571
Cap Rate 9%
$234,556
Alternative Uses
Best Use
Retail
$301.6K
$263.9K – $351.8K
NOI $21,110 @ 7.0% cap · market cap 1,759.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$416.6K
$364.5K – $486.0K
NOI $29,159 @ 7.0% cap · market cap 2,429.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 73045, OK
11,272
Population
4,488
Households
2.5
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
65.0 sq mi
ZIP Area
173
Density / Sq Mi
$80,117
Median Household Income
$42,850
Median Earnings
$962
Median Rent
$212,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The interior includes an open retail area, four offices, and a restroom.
Where is this retail space located?
The property is located at 1940 Church Avenue Harrah, OK.
What are key features of this property?
This property features: 2,000 SF retail suite in a four‑unit center; Four offices, an open retail area, and one restroom; Built in 1925
