Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Flexible Commercial Space Available Title is generated by Realmo AI

    224 S Main St, Broken Arrow, OK 74012

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-tenant commercial building with flexible spaces for lease.

    Type:Retail, Restaurant
    Added:
    Mar 4, 2026
    Days on Market:
    78
    Last Refresh:
    Mar 16 at 10:58 am

    Property Features for 224 S Main St

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 224 S Main St Contact us

    Available Space 1 $20/Mo

    Size
    4,630 SF
    Type
    Retail, Restaurant
    Main Dining, Kitchen & Patio AreanApproximate Size: 4,630.01 SF (not including walls)nIncludes...
    show more
    Contact us

    We can help!

    Listing Contact
    Melanie Richardson
    Melanie Richardson

    Listing agent Melanie Richardson License #OK 141806

    Listing office First Commercial Real Estate Services Corporation

    Listing date Mar 4, 2026

    Source Crexi

    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 First Commercial Real Estate Services Corporation

    HighLights

    • Flexible configurations support restaurant, bar, office, legal, and coworking uses.
    • Opportunity to lease individual or multiple spaces.
    • Well‑located commercial building.
    • Multi‑tenant building.
    • Supports restaurant use.
    • Supports office use.

    Overview

    This multi-tenant commercial building offers a unique opportunity to lease individual or multiple spaces. The flexible configurations are suitable for a variety of uses, including restaurant, bar, office, legal, and coworking spaces. The property is well-located.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spoke House Bicycles ... (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Wagoner
    State
    Oklahoma
    Longitude
    -95.7914567
    Latitude
    36.0539613

    Nearby Similar for Lease

    • $7 SF/Yr
      8,107 SF

      Broken Arrow Industrial Flex Space

      8,107 SF industrial building with office space for lease.
      608 North Walnut Avenue, Broken Arrow, OK, 74012
      View Details
    • $19 SF/Yr
      25,831 SF

      Retail Space For Lease

      Retail spaces available in Broken Arrow, Oklahoma shopping center.
      4650 West Kenosha, Broken Arrow, OK 74012
      View Details
    • $16 SF/Yr
      12,500 SF

      Craned Manufacturing Facility For Lease

      12,500 SF manufacturing facility with crane in Broken Arrow.
      501 South 12th Street, Broken Arrow, OK, 74012
      View Details
    • $16 SF/Yr
      2,572 SF

      Broken Arrow Garden Office Space

      Upgraded office space in premier Broken Arrow location for rent.
      3040 N Hemlock Cir, Broken Arrow, OK
      View Details
    • $1,500/Mo
      12,000 SF

      2,000 SF Flex Space Available

      Move-in ready flex space with warehouse and drive-in door.
      Broken Arrow, OK 74012
      View Details
    • $28 SF/Yr
      5,200 SF

      Retail Space in Broken Arrow

      Retail space for lease with high-traffic location and co-tenants.
      854 East Hillside Drive, Broken Arrow, OK, 74012
      View Details
    • $17 SF/Yr
      600 SF

      Versatile Office-Retail Space Available

      600 sq ft office-retail space with high traffic exposure.
      400 S Elm Pl, Broken Arrow, OK
      View Details
    • $8 SF/Yr
      24,000 SF

      Broken Arrow Industrial Facility For Rent

      24,000 SF industrial facility ideal for distribution or manufacturing.
      489 N Poplar Ave, Broken Arrow, OK, USA, Broken Arrow, OK, 74012
      View Details
    • $19 SF/Yr
      15,445 SF

      Broken Arrow Medical/Office Space

      2659 SF medical/office space available for lease.
      4800 W San Antonio, Broken Arrow, OK 74012
      View Details
    • $19 SF/Yr
      2,878 SF

      Remodeled Office Building For Rent

      Freestanding, remodeled office building with garage available for rent.
      305 N Beech Cir, Broken Arrow , OK
      View Details
    • Contact for pricing
      1,200 SF

      Retail/Office/Warehouse Units Available

      Retail units with customizable build-out options in Broken Arrow.
      22366 East 111th St S, Broken Arrow, OK 74014
      View Details
    • $14 SF/Yr
      1,600 SF

      Retail Space Available For Lease

      Retail space available for lease in Broken Arrow, Oklahoma.
      2200 W Houston St , Broken Arrow , OK
      View Details

    FAQs

    What type of property is this?
    Retail space - Multi-tenant commercial building with flexible spaces for lease.
    Where is this retail space located?
    The property is located at 224 S Main St Broken Arrow, OK.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Flexible configurations support restaurant, bar, office, legal, and coworking uses.; Opportunity to lease individual or multiple spaces.; Well‑located commercial building.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Melanie Richardson
    Melanie Richardson
    Real Estate License ID: OK 141806
    Learn More
    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
    224 S Main St, Broken Arrow, OK 74012
    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!