Flexible Retail
2731 W Owen K Garriott Rd Enid, OK 73703
For Sale
Contact for pricing
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 Market143
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) 234-7000
Listed By:
Nick Nicholas
(580) 234-7000
Source:
Moodyscre
Added: Mar 9
Changed: Jul 27
Last Checked: Jul 28 at 4:13PM
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
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 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 | $54.0k | $15.12 |
| − Vacancy | −$2.3k | −$0.64 |
| EGI | $51.8k | $14.48 |
| − OpEx | −$15.5k | −$4.35 |
| NOI | $36.2k | $10.14 |
3,573 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
