Bar & Pub
For Sale
Contact for pricing
2829 W California Ave, Oklahoma City, OK 73107
Former bar layout with C-3 zoning and flexibility for alternative commercial concepts.
Property Size2,000 SF
Price / SF$247.50
Days on Market288
Property Features for 2829 W California Ave
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
44
Property subtype
Retail
Zoning
C-3
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1975
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Keller Williams Realty
Listed By:
Denzel Cromwell · License #181680
Source:
Crexi
Added: Nov 17, 2025
Changed: Aug 29
Last Checked: Aug 31 at 10:10AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Located at 2829 W California Ave in Oklahoma City, this Bar & Pub property was previously used as a bar and retains a layout associated with hospitality operations. The property carries C-3 zoning, supporting flexibility for alternative commercial concepts within the stated zoning designation.
Built in 1975, the property offers an established commercial structure for hospitality, nightlife, or retail-oriented use as supported by the existing layout and zoning.
Built in 1975, the property offers an established commercial structure for hospitality, nightlife, or retail-oriented use as supported by the existing layout and zoning.
Key Highlights
- Former bar use
- C‑3 zoning
- Built in 1975
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
$39,480
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
7.98%
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%
$789,600
$789.6K
Cap Rate 7%
$564,000
$564.0K
Cap Rate 9%
$438,667
$438.7K
Market Conditions
NOI Build-Up for 2,000 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
$60.0K $30.00/SF
− Vacancy
−$3.6K −$1.80/SF
EGI
$56.4K $28.20/SF
− OpEx
−$16.9K −$8.46/SF
NOI
$39.5K $19.74/SF
Area
Oklahoma City, OK
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$789,600
Cap Rate 7%
$564,000
Cap Rate 9%
$438,667
Alternative Uses
Best Use
Specialty Retail
$684.0K
$598.5K – $798.0K
NOI $47,880 @ 7.0% cap · market cap 9.67%
Second Best
Retail
$564.0K
$493.5K – $658.0K
NOI $39,480 @ 7.0% cap · market cap 7.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Home Improvements & Furnishings 30%
Napa Auto Parts
Shops & Services
1,420 visits/mo
0.1 miles
Airgas
Home Improvements & Furnishings
1,010 visits/mo
0.2 miles
Discount Tire Store
Shops & Services
923 visits/mo
0.4 miles
Demographics for 73107, OK
26,318
Population
12,621
Households
2.1
Avg Household Size
34
Median Age
31%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
3,463
Density / Sq Mi
$58,428
Median Household Income
$38,753
Median Earnings
$1,014
Median Rent
$143,000
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.
Similar Off Market Nearby
- Thirty Four Bar & Bistro — 3434 W Reno Ave, Oklahoma City, OK 73107
- The Boot — 110 S May Ave, Oklahoma City, OK 73107
- Brandons — 2636 NW 1st St, Oklahoma City, OK 73107
Frequently Asked Questions
What type of property is this?
Bar & Pub - Former bar layout with C-3 zoning and flexibility for alternative commercial concepts.
Where is this bar & pub located?
The property is located at 2829 W California Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Former bar use; C‑3 zoning; Built in 1975
