Mixed-Use Property For
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204 S BROADWAY, Coweta, OK 74429
5,500 SF mixed-use property suitable for office or retail.
Property Size5,500 SF
Price / SF$139.82
Days on Market83
Property Features for 204 S BROADWAY
General Information
Standard status
Active
Size
5,500 SF
Class
B
Property subtype
Retail, Office
Occupancy
100%
Building Details
Year Built
1958
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Wiggin Properties LLC Corporate
(918) 935-2010
Listed By:
Erica Cunningham, CCIM · License #202887
Source:
Crexi
Added: May 21
Changed: Aug 8
Last Checked: May 27 at 8:18AM
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
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 = 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
$64,969
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
8.45%
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%
$1,299,380
$1.3M
Cap Rate 7%
$928,129
$928.1K
Cap Rate 9%
$721,878
$721.9K
Market Conditions
NOI Build-Up for 5,500 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
$115.5K $21.00/SF
− Vacancy
−$11.6K −$2.10/SF
EGI
$104.0K $18.90/SF
− OpEx
−$39.0K −$7.09/SF
NOI
$65.0K $11.81/SF
Area
Wagoner County, OK
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,299,380
Cap Rate 7%
$928,129
Cap Rate 9%
$721,878
Alternative Uses
Best Use
Mixed Use
$928.1K
$812.1K – $1.08M
NOI $64,969 @ 7.0% cap · market cap 8.45%
Second Best
Retail
$868.6K
$760.0K – $1.01M
NOI $60,799 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,816 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
341
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
