Remodeled Storefront with Multiple Access
For Sale
$395,000
206 E Rogers Blvd, Skiatook, OK 74070
Remodeled retail layout offers separate front and rear entry points for flexible occupancy.
Property Size3,356 SF
Price / SF$117.70
Days on Market127
Property Features for 206 E Rogers Blvd
General Information
Standard status
Active
Size
3,356 SF
Taxes and HOA fees
Annual Taxes
$2,641
Listing Agency:
Cochran & Co Realtors
(918) 510-7576
Listed By:
Brandon Bargas · License #181507
(918) 510-7576
Source:
Exprealty
Added: Apr 8
Changed: Aug 11
Last Checked: Aug 11 at 11:53AM
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 Cochran & Co Realtors
Investment Insights
Based on property information with market context.
This remodeled storefront property provides 3,356 square feet with ceilings exceeding 10 feet. The current configuration supports multiple tenants and includes separate access from the front and rear, allowing the interior to be arranged for either shared occupancy or a single business.
The front entrance faces Hwy 20, providing highway frontage, while the rear entrance offers an additional point of access. Positioned at 206 E Rogers Blvd in Skiatook, Oklahoma, the property combines a flexible retail layout with a configuration suited to varied occupancy needs.
The front entrance faces Hwy 20, providing highway frontage, while the rear entrance offers an additional point of access. Positioned at 206 E Rogers Blvd in Skiatook, Oklahoma, the property combines a flexible retail layout with a configuration suited to varied occupancy needs.
Key Highlights
- 3,356 square feet of remodeled retail space
- Ceilings exceeding 10 feet
- Current multi‑tenant configuration
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
$34,181
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
8.65%
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%
$683,620
$683.6K
Cap Rate 7%
$488,300
$488.3K
Cap Rate 9%
$379,789
$379.8K
Market Conditions
NOI Build-Up for 3,356 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
$50.3K $15.00/SF
− Vacancy
−$1.5K −$0.45/SF
EGI
$48.8K $14.55/SF
− OpEx
−$14.6K −$4.36/SF
NOI
$34.2K $10.18/SF
Area
Tulsa County, OK
Vacancy
3.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$683,620
Cap Rate 7%
$488,300
Cap Rate 9%
$379,789
Alternative Uses
Best Use
Retail
$488.3K
$427.3K – $569.7K
NOI $34,181 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$756.3K
$661.8K – $882.4K
NOI $52,944 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Home Improvements & Furnishings 20%
Skiatook
Shops & Services
14,610 visits/mo
0.2 miles
Dollar General
Shops & Services
7,921 visits/mo
0.2 miles
Cornerstone Building Center
Home Improvements & Furnishings
5,465 visits/mo
0.3 miles
Demographics for 74070, OK
15,407
Population
6,179
Households
2.5
Avg Household Size
40
Median Age
22%
College-Educated
90%
High-School Grad
195.9 sq mi
ZIP Area
79
Density / Sq Mi
$63,777
Median Household Income
$39,518
Median Earnings
$951
Median Rent
$208,400
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?
Storefront property - Remodeled retail layout offers separate front and rear entry points for flexible occupancy.
Where is this storefront property located?
The property is located at 206 E Rogers Blvd Skiatook, OK.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 3,356 square feet of remodeled retail space; Ceilings exceeding 10 feet; Current multi‑tenant configuration
