Fully Equipped
For Sale
Contact for pricing
2610 W MEMORIAL RD, Oklahoma City, OK 73114
Turnkey restaurant with a fully equipped, recently remodeled kitchen and strong daily vehicle traffic exposure.
Property Size5,442 SF
Price / SF$413.45
Days on Market90
Property Features for 2610 W MEMORIAL RD
General Information
Standard status
Active
Size
5,442 SF
Class
B
Total Parking Spaces
87
Property subtype
Retail
Zoning
Commercial
Lease Type
NNN
Additional Details
Business Included
Yes
Traffic Count
60,000 vehicles/day
Building Details
Year Built
2005
Year Renovated
2022
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Banta Property Group
Listed By:
Monica Feierabend · License #208106
(405) 840-1600
Source:
Crexi
Added: Jun 6
Changed: Aug 22
Last Checked: Sep 1 at 11:27PM
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 Banta Property Group
Investment Insights
Based on property information with market context.
This fully equipped restaurant offers 5,442 SF of operating space and is supported by a commercial kitchen with top-of-the-line appliances and fixtures. The property was recently remodeled in 2022 and is presented with a fresh, modern feel intended to support efficient day-to-day service. It is being offered as a turnkey opportunity for an operator looking to open or expand with existing kitchen infrastructure already in place.
The restaurant is located on W Memorial Rd in Oklahoma City, in a retail and restaurant corridor. Public remarks describe the site as a high-traffic location with over 60,000 vehicles per day (VPD), which can support visibility and drive-by accessibility for both local and passing customers.
For buyers or tenants seeking a ready-to-run food service concept, the combination of a fully equipped kitchen and recent remodeling can reduce the time and planning typically required to bring an operating space online. The straightforward, restaurant-focused configuration should also appeal to operators looking for a functional setup designed around commercial food preparation and guest service in a corridor setting with ongoing vehicle traffic.
The restaurant is located on W Memorial Rd in Oklahoma City, in a retail and restaurant corridor. Public remarks describe the site as a high-traffic location with over 60,000 vehicles per day (VPD), which can support visibility and drive-by accessibility for both local and passing customers.
For buyers or tenants seeking a ready-to-run food service concept, the combination of a fully equipped kitchen and recent remodeling can reduce the time and planning typically required to bring an operating space online. The straightforward, restaurant-focused configuration should also appeal to operators looking for a functional setup designed around commercial food preparation and guest service in a corridor setting with ongoing vehicle traffic.
Key Highlights
- Fully equipped restaurant with a complete kitchen setup for day‑one operations
- Recently remodeled in 2022, updating the restaurant interior
- 5,442 SF restaurant space built in 2005
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
$130,281
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
5.79%
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%
$2,605,620
$2.6M
Cap Rate 7%
$1,861,157
$1.9M
Cap Rate 9%
$1,447,567
$1.4M
Market Conditions
NOI Build-Up for 5,442 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
$182.9K $33.60/SF
− Vacancy
−$9.1K −$1.68/SF
EGI
$173.7K $31.92/SF
− OpEx
−$43.4K −$7.98/SF
NOI
$130.3K $23.94/SF
Area
Oklahoma City, OK
Vacancy
5.00%
Lease Rate
$33.60 /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%
$2,605,620
Cap Rate 7%
$1,861,157
Cap Rate 9%
$1,447,567
Alternative Uses
Best Use
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,281 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
60,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
384k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Apparel 23%
Shops & Services 14%
Home Improvements & Furnishings 13%
Lowe's
Home Improvements & Furnishings
40,118 visits/mo
0.3 miles
JCPenney
Apparel
39,365 visits/mo
0.3 miles
Dillard's
Apparel
38,938 visits/mo
0.5 miles
Barnes & Noble
Shops & Services
37,181 visits/mo
0.4 miles
Olive Garden
Dining
26,566 visits/mo
0.2 miles
Demographics for 73114, OK
18,694
Population
9,311
Households
2
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
9.5 sq mi
ZIP Area
1,968
Density / Sq Mi
$52,592
Median Household Income
$35,931
Median Earnings
$1,135
Median Rent
$134,100
Median Home Value
Market
Vacancy Rate% for Retail in Oklahoma City, OK
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 - Turnkey restaurant with a fully equipped, recently remodeled kitchen and strong daily vehicle traffic exposure.
Where is this conventional restaurant located?
The property is located at 2610 W MEMORIAL RD Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Fully equipped restaurant with a complete kitchen setup for day‑one operations; Recently remodeled in 2022, updating the restaurant interior; 5,442 SF restaurant space built in 2005
