Freestanding Restaurant with Ample
For Sale
Contact for pricing
2000 W Reno St, Broken Arrow, OK
Freestanding restaurant with 72 parking spots available for sale.
Property Size6,530 SF
Lot Size1.59 Acres
Price / SF$199.08
Days on Market319
Property Features for 2000 W Reno St
General Information
Standard status
Active
Size
6,530 SF
Lot size
1.59 Acres
Property subtype
RETAIL
Listing Agency:
Legacy Commercial Property Advisors
(918) 688-0746
Listed By:
Jordan Helmerich · License ##184956
(918) 688-0746
Source:
Moodyscre
Added: Oct 15, 2025
Changed: Aug 11
Last Checked: Aug 28 at 11:33AM
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 Legacy Commercial Property Advisors
Investment Insights
Based on property information with market context.
This freestanding restaurant property features 6,530 square feet of space and includes 72 parking spots. The property is located on Apen (145th E Ave) around the 6500 block on the east side of the road. The location benefits from a traffic count of 28,806.
Key Highlights
- Free standing restaurant.
- Ample parking with 72 parking spots.
- High traffic count of 28,806**.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,693
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,453,860
$1.5M
Cap Rate 7%
$1,038,471
$1.0M
Cap Rate 9%
$807,700
$807.7K
Market Conditions
NOI Build-Up for 6,530 SF
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.
Gross rent
$104.2K $15.96/SF
− Vacancy
−$7.3K −$1.12/SF
EGI
$96.9K $14.84/SF
− OpEx
−$24.2K −$3.71/SF
NOI
$72.7K $11.13/SF
Area
Broken Arrow, OK
Vacancy
7.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,453,860
Cap Rate 7%
$1,038,471
Cap Rate 9%
$807,700
Alternative Uses
Best Use
Specialty Retail
$1.04M
$908.7K – $1.21M
NOI $72,693 @ 7.0% cap · market cap 5.59%
Second Best
Retail
$953.6K
$834.4K – $1.11M
NOI $66,752 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,921 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Firehouse Subs Broken Arrow — 1124 N 9th St, Broken Arrow, OK 74012
Frequently Asked Questions
What type of property is this?
Restaurant - Freestanding restaurant with 72 parking spots available for sale.
Where is this restaurant located?
The property is located at 2000 W Reno St Broken Arrow, OK.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Free standing restaurant.; Ample parking with **72 parking spots**.; High traffic count of 28,806**.
