Flexible Retail
For Sale
Contact for pricing
2731 W Owen K Garriott Rd, Enid, OK 73703
3,573-square-foot retail building on a 0.8-acre lot, offering flexible space for a variety of businesses.
Property Size3,573 SF
Lot Size0.80 Acres
Price / SF$153.93
Days on Market234
Property Features for 2731 W Owen K Garriott Rd
General Information
Standard status
Active
Size
3,573 SF
Lot size
0.80 Acres
Property subtype
RETAIL
Listing Agency:
Nicholas Commercial
(580) 234-7200
Listed By:
Nick Nicholas · License #161046
(580) 234-7000
Source:
Moodyscre
Added: Mar 9
Changed: Oct 26
Last Checked: Oct 26 at 8:13PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale retail building is situated on a 0.8-acre lot and offers 3,573 square feet of space designed to support a variety of business needs. The property’s size and layout provide flexibility for tenants or owners looking for a dedicated retail facility.
Located at 2731 W Owen K Garriott Rd in Enid, OK, the building is positioned on its own lot, allowing straightforward site use consistent with small commercial operations.
Located at 2731 W Owen K Garriott Rd in Enid, OK, the building is positioned on its own lot, allowing straightforward site use consistent with small commercial operations.
Key Highlights
- 3,573‑square‑foot retail building
- Set on a 0.8‑acre lot
- Flexible space layout suitable for a variety of businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,228
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,560
$724.6K
Cap Rate 7%
$517,543
$517.5K
Cap Rate 9%
$402,533
$402.5K
Market Conditions
NOI Build-Up for 3,573 SF
Gross rent
$54.0K $15.12/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$51.8K $14.48/SF
− OpEx
−$15.5K −$4.35/SF
NOI
$36.2K $10.14/SF
Area
Garfield County, OK
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,560
Cap Rate 7%
$517,543
Cap Rate 9%
$402,533
Alternative Uses
Best Use
Retail
$517.5K
$452.9K – $603.8K
NOI $36,228 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$984.0K
$861.0K – $1.15M
NOI $68,879 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
203k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Apparel 28%
Dining 25%
Electronics 7%
Hobby Lobby
Shops & Services
34,042 visits/mo
0.3 miles
Ross Dress for Less
Apparel
29,542 visits/mo
0.2 miles
Starbucks
Dining
16,535 visits/mo
0.3 miles
Hideaway Pizza
Dining
15,199 visits/mo
0.4 miles
Colton's Steak House & Grill
Dining
10,772 visits/mo
0.3 miles
Demographics for 73703, OK
30,376
Population
13,610
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
114.1 sq mi
ZIP Area
266
Density / Sq Mi
$74,202
Median Household Income
$41,860
Median Earnings
$1,039
Median Rent
$191,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - 3,573-square-foot retail building on a 0.8-acre lot, offering flexible space for a variety of businesses.
Where is this retail space located?
The property is located at 2731 W Owen K Garriott Rd Enid, OK.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,573‑square‑foot retail building; Set on a 0.8‑acre lot; Flexible space layout suitable for a variety of businesses
