204 S BROADWAY, Coweta, OK 74429

Building Details

Year Built 1958 More

Stories 1 More

Units 1 More

Tenancy Single More

Listing Agency: Wiggin Properties LLC Corporate

Listed By: Erica Cunningham, CCIM · License OK #202887 Show Phone

Source: Crexi

Added: May 21 Changed: Aug 17 Last Checked: Aug 14 at 6:08AM

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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 Wiggin Properties LLC Corporate

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Investment Insights

Based on property information with market context.

This 5,500 square foot mixed-use property is suitable for office or retail use. The property was listed on 12/29/2015.

Key Highlights

• Mixed use property offering diverse opportunities
• Office space available, perfect for your business needs
• Retail space available, ideal for attracting customers

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,310

Cap Rate

8.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,366,200 $1.4M

Cap Rate 7%

$975,857 $975.9K

Cap Rate 9%

$759,000 $759.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,500 SF

Gross rent

$118.8K $21.60/SF

− Vacancy

−$9.5K −$1.73/SF

EGI

$109.3K $19.87/SF

− OpEx

−$41.0K −$7.45/SF

NOI

$68.3K $12.42/SF

Area

Wagoner County, OK

Vacancy

8.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,366,200

Cap Rate 7%

$975,857

Cap Rate 9%

$759,000

Alternative Uses

Best Use

Mixed Use

$975.9K

$853.9K – $1.14M (±1% cap)

NOI $68,310 @ 7.0% cap · market cap 8.88%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.30M

$1.14M – $1.51M (±1% cap)

NOI $90,816 @ 7.0% cap · market cap 11.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Gym & Fitness Center HVAC Service (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

404

Businesses Nearby

Explore this area Business Placement

Demographics for 74429, OK

15,974

Population

6,457

Households

2.5

Avg Household Size

38

Median Age

25%

College-Educated

92%

High-School Grad

84.2 sq mi

ZIP Area

190

Density / Sq Mi

$73,545

Median Household Income

$46,558

Median Earnings

$968

Median Rent

$215,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - 5,500 SF mixed-use property suitable for office or retail.

Where is this mixed-use property located?

The property is located at 204 S BROADWAY Coweta, OK.

What is the asking price?

The asking price for this property is $769,000.

What are key features of this property?

This property features: Mixed use property offering diverse opportunities; Office space available, perfect for your business needs; Retail space available, ideal for attracting customers