Storefront Retail
New
For Sale
$400,000
207 N Main, Blanchard, OK 73010
Large display windows and front-facing street parking support retail presentation and convenient access.
Property Size1,450 SF
Price / SF$275.86
Days on Market1
Property Features for 207 N Main
General Information
Standard status
Active
Size
1,450 SF
Additional Details
Asking Price
$400,000
Building Details
Year Built
1970
Listing Agency:
LB Realty Group-MB of Oklahoma
Listed By:
Lindsey Bunch · License #145779
(405) 317-9542
Source:
Alloverok
Added: Sep 5
Last Checked: Sep 5 at 2:55PM
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 LB Realty Group-MB of Oklahoma
Investment Insights
Based on property information with market context.
This 1,450-square-foot storefront property at 207 N Main in Blanchard dates to 1970 and is currently operating as a retail boutique and beauty service destination. The building includes a flexible interior layout, large display windows, and front-facing street parking. Its storefront configuration supports merchandise display and customer access from the street.
The property is situated on Main Street in downtown Blanchard, providing a central commercial setting. The existing setup accommodates retail and beauty service operations, while the interior may also suit office, salon, or creative studio use as described in the property information.
The property is situated on Main Street in downtown Blanchard, providing a central commercial setting. The existing setup accommodates retail and beauty service operations, while the interior may also suit office, salon, or creative studio use as described in the property information.
Key Highlights
- 1,450‑square‑foot storefront property
- Located at 207 N Main in downtown Blanchard
- Currently operating as a retail boutique and beauty service destination
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
$14,464
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
3.62%
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%
$289,280
$289.3K
Cap Rate 7%
$206,629
$206.6K
Cap Rate 9%
$160,711
$160.7K
Market Conditions
NOI Build-Up for 1,450 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
$21.8K $15.00/SF
− Vacancy
−$1.1K −$0.75/SF
EGI
$20.7K $14.25/SF
− OpEx
−$6.2K −$4.27/SF
NOI
$14.5K $9.98/SF
Area
McClain County, OK
Vacancy
5.00%
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%
$289,280
Cap Rate 7%
$206,629
Cap Rate 9%
$160,711
Alternative Uses
Best Use
Retail
$206.6K
$180.8K – $241.1K
NOI $14,464 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$350.5K
$306.7K – $408.9K
NOI $24,534 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
34k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Dining 6%
Shell
Shops & Services
19,160 visits/mo
0.4 miles
Dollar Tree
Shops & Services
8,639 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
4,077 visits/mo
0.3 miles
SUBWAY
Dining
2,070 visits/mo
0.2 miles
Demographics for 73010, OK
20,744
Population
7,770
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
174.5 sq mi
ZIP Area
119
Density / Sq Mi
$86,968
Median Household Income
$47,315
Median Earnings
$1,070
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Large display windows and front-facing street parking support retail presentation and convenient access.
Where is this storefront property located?
The property is located at 207 N Main Blanchard, OK.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,450‑square‑foot storefront property; Located at 207 N Main in downtown Blanchard; Currently operating as a retail boutique and beauty service destination
