Sonny's Cafe
For Sale
$1,999,999
2406 Weedn Boulevard, Purcell, OK 73080
Commercial Sale, Purcell, OK
Property Size4,296 SF
Lot Size0.10 Acres
Price / SF$465.55
Days on Market145
Property Features for 2406 Weedn Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Exit 91 at Purcell, go East onto HWY 74. At the stop light turn right on HWY 77. Destination is on the left.
Standard status
Active
APN
2406NONEWeedn73080
Size
4,296 SF
Lot size
0.10 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
2010
Floors in Building
1
Building materials
Brick & Frame, Metal Siding
Listing Agency:
Provisions Realty Group
(405) 479-8883
Listed By:
Daniel W Leonard · License #171221
(405) 268-8152
Added: Apr 1
Changed: Aug 20
Last Checked: Aug 23 at 6:06AM
MLS# 1221880
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Sonny's Cafe is a 4,296-square-foot restaurant property at 2406 Weedn Boulevard in Purcell, Oklahoma. Built in 2010, the building features a fully equipped kitchen, dining space, customer parking, brick and frame construction with metal siding, central air, and electric heating and cooling. The property occupies a 0.0959-acre commercial lot.
The restaurant is positioned near I-35 and Highway 77, with access from Weedn Boulevard. A separate parcel lies immediately south of the property and is not included in the sale. The existing layout and restaurant improvements support continued use as a food-service operation.
The restaurant is positioned near I-35 and Highway 77, with access from Weedn Boulevard. A separate parcel lies immediately south of the property and is not included in the sale. The existing layout and restaurant improvements support continued use as a food-service operation.
Key Highlights
- 4,296‑square‑foot restaurant building
- Fully equipped kitchen and dining area
- 0.0959‑acre commercial lot
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
$72,688
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
3.63%
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%
$1,453,760
$1.5M
Cap Rate 7%
$1,038,400
$1.0M
Cap Rate 9%
$807,644
$807.6K
Market Conditions
NOI Build-Up for 4,296 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
$103.1K $24.00/SF
− Vacancy
−$6.2K −$1.44/SF
EGI
$96.9K $22.56/SF
− OpEx
−$24.2K −$5.64/SF
NOI
$72.7K $16.92/SF
Area
McClain County, OK
Vacancy
6.00%
Lease Rate
$24.00 /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%
$1,453,760
Cap Rate 7%
$1,038,400
Cap Rate 9%
$807,644
Alternative Uses
Best Use
Specialty Retail
$1.04M
$908.6K – $1.21M
NOI $72,688 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
146k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Shops & Services 18%
Home Improvements & Furnishings 6%
Hotels & Casinos 1%
Braum's Ice Cream & Dairy Stores
Dining
36,153 visits/mo
0.5 miles
McDonald's
Dining
35,027 visits/mo
0.5 miles
Starbucks
Dining
23,038 visits/mo
0.5 miles
Murphy USA
Shops & Services
22,705 visits/mo
0.5 miles
Arby's
Dining
8,520 visits/mo
0.5 miles
Demographics for 73080, OK
10,108
Population
4,007
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
81%
High-School Grad
100.1 sq mi
ZIP Area
101
Density / Sq Mi
$71,535
Median Household Income
$42,128
Median Earnings
$881
Median Rent
$206,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercially zoned restaurant with an equipped kitchen, dining area, and on-site customer parking.
Where is this conventional restaurant located?
The property is located at 2406 Weedn Boulevard Purcell, OK.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 4,296‑square‑foot restaurant building; Fully equipped kitchen and dining area; 0.0959‑acre commercial lot
