Three-Property Restaurant
New
For Sale
Contact for pricing
2035-2037 S Meridian Ave, Oklahoma City, OK 73108
Two operating locations and one vacant restaurant site are included in the Oklahoma City offering.
Property Size19,912 SF
Price / SF$276.22
Days on Market5
Property Features for 2035-2037 S Meridian Ave
General Information
Standard status
Active
Size
19,912 SF
Property subtype
RETAIL
Building Details
Buildings
3
Listing Agency:
Creek Price Edwards and Company - Oklahoma City
(405) 843-7474
Listed By:
AJ Tolbert · License #179422
(630) 843-1989
Source:
Moodyscre
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:08PM
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 Creek Price Edwards and Company - Oklahoma City
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.
The offering comprises three restaurant properties totaling 19,912 square feet. Two locations are occupied, while the third is a vacant former restaurant. The portfolio also includes approximately 1.49 acres of excess land.
Located at 2035–2037 S Meridian Ave in Oklahoma City, the properties combine existing restaurant operations with a vacant site and additional land.
Located at 2035–2037 S Meridian Ave in Oklahoma City, the properties combine existing restaurant operations with a vacant site and additional land.
Key Highlights
- Three restaurant properties totaling 19,912 square feet
- Two properties are occupied restaurant locations
- One vacant former restaurant property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$476,693
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,533,860
$9.5M
Cap Rate 7%
$6,809,900
$6.8M
Cap Rate 9%
$5,296,589
$5.3M
Market Conditions
NOI Build-Up for 19,912 SF
Gross rent
$669.0K $33.60/SF
− Vacancy
−$33.5K −$1.68/SF
EGI
$635.6K $31.92/SF
− OpEx
−$158.9K −$7.98/SF
NOI
$476.7K $23.94/SF
Area
Oklahoma City, OK
Vacancy
5.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,533,860
Cap Rate 7%
$6,809,900
Cap Rate 9%
$5,296,589
Alternative Uses
Best Use
Specialty Retail
$6.81M
$5.96M – $7.94M
NOI $476,693 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
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
475
Businesses Nearby
53k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 61%
Dining 34%
Home Improvements & Furnishings 4%
Shops & Services 2%
Chili's Grill & Bar
Dining
10,542 visits/mo
0.2 miles
Embassy Suites By Hilton Oklahoma City Will Rogers Airport
Hotels & Casinos
7,626 visits/mo
0.2 miles
SONIC Drive In
Dining
4,800 visits/mo
0.1 miles
Hampton Inn
Hotels & Casinos
3,562 visits/mo
0.4 miles
Holiday Inn Oklahoma City Airport
Hotels & Casinos
3,216 visits/mo
0.4 miles
Demographics for 73108, OK
14,451
Population
6,221
Households
2.3
Avg Household Size
30
Median Age
4%
College-Educated
56%
High-School Grad
7.6 sq mi
ZIP Area
1,901
Density / Sq Mi
$35,278
Median Household Income
$31,017
Median Earnings
$799
Median Rent
$75,000
Median Home Value
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Similar Off Market Nearby
- Pickle's Steakhouse — 1201 S Meridian Ave, Oklahoma City, OK 73108
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two operating locations and one vacant restaurant site are included in the Oklahoma City offering.
Where is this conventional restaurant located?
The property is located at 2035-2037 S Meridian Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Three restaurant properties totaling 19,912 square feet; Two properties are occupied restaurant locations; One vacant former restaurant property
