Enid, OK Retail
For Sale
$2,630,000
2126 N Van Buren St, Enid, OK 73703
Retail center in Enid, OK available for sale.
Property Size14,300 SF
Price / SF$183.92
Days on Market156
Property Features for 2126 N Van Buren St
General Information
Standard status
Active
Size
14,300 SF
Property subtype
Shopping Strip
Amenities
BUFFALO WILD WINGS – HIGHLY PROFITABLE - 5.00% RENT-TO-SALES RATIO
BWW HAS OPERATED AT THE PROPERTY SINCE 2008.
GRUBE INC (LARGEST BWW FRANCHISEE) ACQUIRED AND REMODELED THIS LOCATION IN 2025
RECENT ROOF REPLACEMENT WITH WARRANTY IN PLACE THROUGH 2035
Building Details
Building Size
14,300 SF
Year Built
2008
Listing Agency:
Denver Office
Listed By:
Drew Isaac · License #License(s): CO: FA100023779
(303) 328-2048
Source:
Marcusmillichap
Added: Apr 3
Changed: Sep 4
Last Checked: Sep 4 at 2:04AM
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 Denver Office
Investment Insights
Based on property information with market context.
A retail center located in Enid, OK, is available for sale. The property, known as Buffalo Wild Wings Center, has a size of 14,300 square feet.
Key Highlights
- Buffalo Wild Wings Center
- Located in Enid, OK
- Offered for sale exclusively by Marcus & Millichap
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
$147,954
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
5.63%
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%
$2,959,080
$3.0M
Cap Rate 7%
$2,113,629
$2.1M
Cap Rate 9%
$1,643,933
$1.6M
Market Conditions
NOI Build-Up for 14,300 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
$205.9K $14.40/SF
− Vacancy
−$8.6K −$0.60/SF
EGI
$197.3K $13.80/SF
− OpEx
−$49.3K −$3.45/SF
NOI
$148.0K $10.35/SF
Area
Garfield County, OK
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$2,959,080
Cap Rate 7%
$2,113,629
Cap Rate 9%
$1,643,933
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.85M – $2.47M
NOI $147,954 @ 7.0% cap · market cap 5.63%
Second Best
Retail
$2.07M
$1.81M – $2.42M
NOI $144,994 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$3.94M
$3.45M – $4.59M
NOI $275,672 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
103k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 27%
Home Improvements & Furnishings 8%
Braum's Ice Cream & Dairy Stores
Dining
20,348 visits/mo
0.2 miles
McDonald's
Dining
19,856 visits/mo
0.2 miles
Dollar General
Shops & Services
13,488 visits/mo
0.2 miles
Buffalo Wild Wings
Dining
9,369 visits/mo
0.1 miles
SONIC Drive In
Dining
9,224 visits/mo
0.1 miles
Demographics for 73703, OK
30,376
Population
13,610
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
114.1 sq mi
ZIP Area
266
Density / Sq Mi
$74,202
Median Household Income
$41,860
Median Earnings
$1,039
Median Rent
$191,000
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?
Shopping center - Retail center in Enid, OK available for sale.
Where is this shopping center located?
The property is located at 2126 N Van Buren St Enid, OK.
What is the asking price?
The asking price for this property is $2,630,000.
What are key features of this property?
This property features: Buffalo Wild Wings Center; Located in Enid, OK; Offered for sale exclusively by Marcus & Millichap
