Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Restaurant Space Available Title is generated by Realmo AI

    221 W Randolph Ave, Enid, OK

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Historic downtown Enid restaurant space for lease.

    Type:RETAIL
    Property size:
    7,125 SF
    Lot size:
    0.17 Acres
    Added:
    Aug 29, 2025
    Days on Market:
    274
    Last Refresh:
    May 20 at 9:52 pm

    Property Features for 221 W Randolph Ave

    General Information

    Standard status
    Active
    Size
    7,125 SF
    Lot size
    0.17 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 221 W Randolph Ave Contact us

    We can help!

    Listing Contact
    Nick Nicholas
    Nick Nicholas

    Listing agent Nick Nicholas

    Listing office Nicholas Commercial

    Listing date Aug 29, 2025

    Source Moodyscre

    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 Nicholas Commercial

    HighLights

    • Large Restaurant Space: 7,125 SF, perfect for a high‑volume establishment.
    • Historic Downtown Enid Location: Prime location in a desirable area.
    • Fully Equipped Kitchen: Features a large kitchen, dishwashing station, and walk‑in cooler.
    • Unique Architectural Features: Exposed brick walls, stained concrete floors, and high ceilings.
    • Functional Second Floor: 2,000 SF upstairs accessible via a working elevator.
    • Bar Area & Two Full Bathrooms: Ready for immediate service and customer convenience.

    Overview

    This property, located in historic downtown Enid, offers a large restaurant space for lease. The 7,125 square foot area features exposed brick walls, stained concrete floors, and high ceilings. The layout includes a large kitchen, a dishwashing station, a walk-in cooler, a bar area, and two full bathrooms. Additionally, there is a 2,000 square foot upstairs area accessible via a working elevator. The property is suitable for restaurant or retail use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Catapult Cuisine — 813 S Van Buren St, Enid, OK 73703
    • Angel Delight Catering & Tearoom — 417 S Washington St, Enid, OK 73701

    Location Insight

    • Map
    • Local Demand
    City
    Enid
    County
    Garfield
    State
    Oklahoma
    Longitude
    -97.8813
    Latitude
    36.3976

    Nearby Similar for Lease

    • $3,300/Mo
      9,000 SF

      Downtown Enid Adaptable Commercial Space

      Spacious, multi-use commercial property in the heart of Downtown Enid.
      221 W Randolph, Enid, OK 73703
      View Details
    • $2,500/Mo
      4,050 SF

      Enid, OK Commercial Buildings

      Metal buildings with insulated interiors and exterior storage for lease.
      302 E Cornell, Enid, OK 73701-9999
      View Details
    • $750/Mo
      750 SF

      Enid Office Space For Rent

      Office space available for lease in Enid, Oklahoma.
      670 W Willow Rd, Enid, OK
      View Details
    • $22 SF/Yr
      1,600 SF

      Retail Space For Lease

      Retail space available, anchored by national retailers, high traffic location.
      4406 W Owen K Garriott Rd, Enid, OK
      View Details
    • $12 SF/Yr
      4,918 SF

      Enid Office Space For Rent

      Office space available in Enid, multiple size options.
      1420 W Owen K Garriott Rd, Enid, OK
      View Details
    • $12 SF/Yr
      8,000 SF

      Retail Space in High Traffic Area

      Retail spaces available in a high-traffic shopping center.
      2311-2333 W Willow Rd, Enid, OK
      View Details
    • Contact for pricing

      3,328 SF on 0.92 Acres Restaurant Building For Lease - 606 S. Garland Road

      3,328 SF restaurant building on 0.92 acres available for lease.
      606 S. Garland Road, Enid, OK 73703
      View Details
    • $10 SF/Yr

      Historic Building with Retail Spaces

      1927 building with residential and commercial spaces for rent.
      116 E Randolph Ave, Enid, OK 73701
      View Details
    • Contact for pricing

      Enid, OK Neighborhood Shopping Center

      Neighborhood shopping center with diverse tenant mix in Enid, OK.
      2311 W Willow Rd, Enid, OK 73703
      View Details

    FAQs

    What type of property is this?
    Restaurant - Historic downtown Enid restaurant space for lease.
    Where is this restaurant located?
    The property is located at 221 W Randolph Ave Enid, OK.
    What are key features of this property?
    This property features: Large Restaurant Space: 7,125 SF, perfect for a high‑volume establishment.; Historic Downtown Enid Location: Prime location in a desirable area.; Fully Equipped Kitchen: Features a large kitchen, dishwashing station, and walk‑in cooler.
    (580) 234-7000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Nicholas
    Nick Nicholas
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    221 W Randolph Ave, Enid, OK
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!