Enid Property on Highway
2610 Owen K. Garriott Rd Enid, OK 73703
For Sale
$1,200,000
2610 W. Owen K. Garriott / Highway 412 - Coveted and rare 1+ acre tract and 9400 sq. ft. improvment in Enid's A++ area.
Property Size9,400 SF
Lot Size1.80 Acres
Price / SF$127.66
Days on Market182
Property Features for 2610 Owen K. Garriott Rd
General Information
Standard status
Active
Property type
Flex space, Showrooms, Storefront properties, Industrial properties, Individual retail properties
Size
9,400 SF
Class
A
Total Parking Spaces
20
Elevators
No
Lot size
1.80 Acres
Sale Condition
Redevelopment Project
Investment Type
Owner User
Building Details
Year Built
1976
Year Renovated
2015
Buildings
3
Stories
1
Units
1
Listing Agency:
Nicholas Commercial
(580) 484-8400
Listed By:
Cole
(580) 484-8400
Added: Jan 28
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located in Enid, Oklahoma, this property features a tilt cast concrete building with just under 9,400 square feet of space, along with an enclosed porch across the front. Situated on 1.8 acres, the property is zoned for medium industrial use. The building includes a mostly open floor plan, a mezzanine, a retail counter, a parts area, bathrooms, offices, and shop space. These non-structural elements can be easily removed to maximize the full retail floor. Additionally, there is a 20x40 storage building to the southeast of the main building, and a metal shed that is partially on railroad property. The property has dedicated storm water detention, a curb cut, parking, and utilities. The site is reconfigurable for multiple tenants or a single tenant, and includes two bonus buildings not counted in the square footage.
Key Highlights
- Easy to reconfigure for multiple tenants or one single tenant, 2 bonus buildings not counted in square footage, impossible to find tract for this size and value.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.1k | $15.12 |
| − Vacancy | −$6.0k | −$0.64 |
| EGI | $136.2k | $14.48 |
| − OpEx | −$40.8k | −$4.35 |
| NOI | $95.3k | $10.14 |
9,400 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,311 @ 7.0% cap · market cap 7.94%
Second Best
Industrial
$830.5K
$726.7K – $969.0K
NOI $58,137 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,211 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Catapult Cuisine — 813 S Van Buren St, Enid, OK 73703
- Angel Delight Catering & Tearoom — 417 S Washington St, Enid, OK 73701
Frequently Asked Questions
What type of property is this?
Flex space - 2610 W. Owen K. Garriott / Highway 412 - Coveted and rare 1+ acre tract and 9400 sq. ft. improvment in Enid's A++ area.
Where is this flex space located?
The property is located at 2610 Owen K. Garriott Rd Enid, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Easy to reconfigure for multiple tenants or one single tenant, 2 bonus buildings not counted in square footage, impossible to find tract for this size and value.
