Listing Agency: Realty One Group Dreamers p***@gmail.com Show Phone

Listed By: Joanna Ford · License #147783 Show Phone

Source: Exprealty

Added: Sep 25 Changed: Oct 3 Last Checked: Oct 9 at 11:18PM

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Investment Insights

Based on property information with market context.

The freestanding Mazzio’s Pizza restaurant contains 3,913 square feet and sits on nearly one acre. An operating tenant occupies the property under an absolute lease with more than five years remaining.

Located at 3030 W Okmulgee St in Muskogee, Oklahoma, the property has on-site parking and convenient access.

Key Highlights

• 3,913‑square‑foot freestanding Mazzio’s Pizza restaurant
• Nearly one acre at 3030 W Okmulgee St in Muskogee, Oklahoma
• Operating tenant under an absolute lease with more than five years remaining

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,584

Cap Rate

3.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$751,680 $751.7K

Cap Rate 7%

$536,914 $536.9K

Cap Rate 9%

$417,600 $417.6K

Market Conditions

NOI Build-Up for 3,913 SF

Gross rent

$54.0K $13.80/SF

− Vacancy

−$3.9K −$0.99/SF

EGI

$50.1K $12.81/SF

− OpEx

−$12.5K −$3.20/SF

NOI

$37.6K $9.60/SF

Area

Muskogee County, OK

Vacancy

7.20%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$751,680

Cap Rate 7%

$536,914

Cap Rate 9%

$417,600

Alternative Uses

Best Use

Specialty Retail

$536.9K

$469.8K – $626.4K (±1% cap)

NOI $37,584 @ 7.0% cap · market cap 3.13%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$819.0K

$716.7K – $955.5K (±1% cap)

NOI $57,332 @ 7.0% cap · market cap 4.78%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Hair Salon Law Firm Big Box & Wholesale Store Electrical Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

687

Businesses Nearby

93k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 84% Shops & Services 13% Electronics 2%

McDonald's Dining

27,332 visits/mo 0.1 miles

Wendy's Dining

13,430 visits/mo 0.3 miles

Taco Bell Dining

11,154 visits/mo 0.1 miles

El Toro Dining

9,985 visits/mo 0.5 miles

Arby's Dining

7,747 visits/mo 0.4 miles

Demographics for 74401, OK

16,181

Population

7,818

Households

2.1

Avg Household Size

40

Median Age

16%

College-Educated

85%

High-School Grad

110.9 sq mi

ZIP Area

146

Density / Sq Mi

$39,767

Median Household Income

$32,700

Median Earnings

$827

Median Rent

$122,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - An operating pizza tenant occupies the building under an absolute lease with more than five years remaining.

Where is this nnn property located?

The property is located at 3030 W Okmulgee St Muskogee, 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: 3,913‑square‑foot freestanding Mazzio’s Pizza restaurant; Nearly one acre at 3030 W Okmulgee St in Muskogee, Oklahoma; Operating tenant under an absolute lease with more than five years remaining