Retail Space on Hard
200 N Armstrong St Bixby, OK 74008
For Sale
Contact for pricing
Single retail building on a hard corner with strong traffic and convenient access to 151st and Memorial.
Property Size10,000 SF
Price / SF$228
Days on Market233
Property Features for 200 N Armstrong St
General Information
Standard status
Active
Size
10,000 SF
Property subtype
RETAIL
Listing Agency:
McGraw Commercial Properties | Tulsa
(972) 814-8093
Listed By:
Andrew Leach
(972) 814-8093
Source:
Moodyscre
Added: Dec 8, 2025
Changed: Jul 29
Last Checked: Jul 29 at 3:53PM
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 McGraw Commercial Properties | Tulsa
Investment Insights
Based on property information with market context.
This retail space offers a straightforward retail-leaning footprint and flexible use potential for retail, restaurant, or office users. The property is 10,000 SF and positioned for visibility, with signage and exposure opportunities intended to support day-to-day customer access.
The location is a hard corner at N Armstrong St and W Needles Ave, with surrounding commercial activity and strong traffic counts. It also benefits from nearby residential and hospitality draws, including walking distance to a development completed in 2025 with 132 upscale apartment units, plus immediate proximity to Spartan Square, which includes a hotel and convention center.
Convenient access from 151st and Memorial supports practical ingress and egress for tenants and customers.
The location is a hard corner at N Armstrong St and W Needles Ave, with surrounding commercial activity and strong traffic counts. It also benefits from nearby residential and hospitality draws, including walking distance to a development completed in 2025 with 132 upscale apartment units, plus immediate proximity to Spartan Square, which includes a hotel and convention center.
Convenient access from 151st and Memorial supports practical ingress and egress for tenants and customers.
Key Highlights
- 10,000 SF retail space for retail, restaurant, or office use
- Hard corner location at N Armstrong St and W Needles Ave
- Walking distance to a development completed in 2025 with 132 apartment units
Financial Insights For Office B
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 | $187.2k | $18.72 |
| − Vacancy | −$22.8k | −$2.28 |
| EGI | $164.4k | $16.44 |
| − OpEx | −$41.1k | −$4.11 |
| NOI | $123.3k | $12.33 |
10,000 SF · lease $18.72/SF/yr · vacancy 12.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.05M
NOI $123,271 @ 7.0% cap · market cap 5.41%
Second Best
Retail
$1.45M
$1.27M – $1.70M
NOI $101,850 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,761 @ 7.0% cap · market cap 6.92%
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?
Retail space - Single retail building on a hard corner with strong traffic and convenient access to 151st and Memorial.
Where is this retail space located?
The property is located at 200 N Armstrong St Bixby, OK.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: 10,000 SF retail space for retail, restaurant, or office use; Hard corner location at N Armstrong St and W Needles Ave; Walking distance to a development completed in 2025 with 132 apartment units
