Drive-Through Restaurant
19857 NE 23rd St Harrah, OK 73045
For Sale
Contact for pricing
Former restaurant building with ample parking and a covered drive-through area for quick-service concepts.
Property Size1,376 SF
Price / SF$119.91
Days on Market1277
Property Features for 19857 NE 23rd St
General Information
Standard status
Active
Size
1,376 SF
Property subtype
RETAIL
Listing Agency:
Newmark Robinson Park | Oklahoma City
(405) 879-4771
Listed By:
Michael Almaraz
Source:
Moodyscre
Added: Jan 30, 2023
Changed: Jul 27
Last Checked: Jul 29 at 2:31PM
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 Newmark Robinson Park | Oklahoma City
Investment Insights
Based on property information with market context.
Former restaurant building available for sale or lease on busy NE 23rd Street in Harrah, close to the new Turnpike. The property includes ample parking and a covered drive-through area designed for quick service operations.
The offering notes excellent access and visibility from all directions, with ongoing new home construction in the surrounding area.
A lease-to-purchase option is available, making the site well suited for a food or coffee concept seeking drive-through convenience.
The offering notes excellent access and visibility from all directions, with ongoing new home construction in the surrounding area.
A lease-to-purchase option is available, making the site well suited for a food or coffee concept seeking drive-through convenience.
Key Highlights
- Former restaurant building for sale or lease on busy NE 23rd Street in Harrah.
- Ample parking, including a covered drive‑through area.
- Access and visibility from all directions.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.6k | $15.00 |
| − Vacancy | −$1.3k | −$0.98 |
| EGI | $19.3k | $14.03 |
| − OpEx | −$4.8k | −$3.51 |
| NOI | $14.5k | $10.52 |
1,376 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$206.8K
$180.9K – $241.2K
NOI $14,474 @ 7.0% cap · market cap 8.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.6K
$250.8K – $334.4K
NOI $20,062 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former restaurant building with ample parking and a covered drive-through area for quick-service concepts.
Where is this drive through restaurant located?
The property is located at 19857 NE 23rd St Harrah, OK.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Former restaurant building for sale or lease on busy NE 23rd Street in Harrah.; Ample parking, including a covered drive‑through area.; Access and visibility from all directions.
