Building Details

Year Built 1915

Listing Agency: Cochran & Co Realtors

Listed By: Brandon Bargas · License #181507 Show Phone

Source: Theashleygroupok

Added: Aug 10 Changed: Sep 10 Last Checked: Oct 6 at 12:54AM

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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 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.

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 / Yr

$34,181

Cap Rate

8.65%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $52,944 @ 7.0% cap · market cap 13.40%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Law Firm Building Supply Parking Lot & Garage Skin Care Clinic Plumbing 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

343

Businesses Nearby

66k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 53% Shops & Services 38% Home Improvements & Furnishings 8%

McDonald's Dining

15,718 visits/mo 0.4 miles

Skiatook Shops & Services

14,610 visits/mo 0.0 miles

SONIC Drive In Dining

10,407 visits/mo 0.5 miles

Taco Bell Dining

9,052 visits/mo 0.5 miles

Dollar General Shops & Services

7,921 visits/mo 0.4 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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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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 Boulevard 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