Open-Plan Retail
For Sale
Contact for pricing
1950 Church Avenue, Harrah, OK 73045
Commercial-zoned space in a multi-tenant building offers an open layout, concrete floors, ceiling fans, and an on-site restroom.
Property Size2,900 SF
Price / SF$0.52
Days on Market68
Property Features for 1950 Church Avenue
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
2,900 SF
Year Built
1925
Stories
2
Listing Agency:
Brick and Beam Realty
(405) 439-9206
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
Eastwoodrealtygroup
Added: Aug 18
Changed: Oct 23
Last Checked: Oct 23 at 12:23PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,900-square-foot retail space occupies part of a multi-tenant commercial building constructed in 1925. Its open floor plan has concrete flooring, ceiling fans, and an on-site restroom. The property is zoned Commercial.
Located on Church Avenue in downtown Harrah, the space is on the town’s main commercial block, with the local grain elevator visible nearby.
Located on Church Avenue in downtown Harrah, the space is on the town’s main commercial block, with the local grain elevator visible nearby.
Key Highlights
- 2,900‑square‑foot space in a multi‑tenant commercial building
- Open floor plan with concrete floors and ceiling fans
- On‑site restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,610
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,200
$612.2K
Cap Rate 7%
$437,286
$437.3K
Cap Rate 9%
$340,111
$340.1K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$48.4K $16.68/SF
− Vacancy
−$4.6K −$1.60/SF
EGI
$43.7K $15.08/SF
− OpEx
−$13.1K −$4.52/SF
NOI
$30.6K $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%
$612,200
Cap Rate 7%
$437,286
Cap Rate 9%
$340,111
Alternative Uses
Best Use
Retail
$437.3K
$382.6K – $510.2K
NOI $30,610 @ 7.0% cap · market cap 2,040.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$604.0K
$528.5K – $704.7K
NOI $42,281 @ 7.0% cap · market cap 2,818.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial-zoned space in a multi-tenant building offers an open layout, concrete floors, ceiling fans, and an on-site restroom.
Where is this retail space located?
The property is located at 1950 Church Avenue Harrah, OK.
What are key features of this property?
This property features: 2,900‑square‑foot space in a multi‑tenant commercial building; Open floor plan with concrete floors and ceiling fans; On‑site restroom
