Restaurant Building on Commercial
For Sale
$420,000
318 Edmond Road, Piedmont, OK 73078
A restaurant property with an existing building and site improvements sits on commercially zoned land.
Property Size2,400 SF
Lot Size0.58 Acres
Price / SF$175
Days on Market68
Property Features for 318 Edmond Road
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.58 Acres
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
2,400 SF
Year Built
2003
Listing Agency:
Ace Group Realty LLC
(405) 673-7300
Listed By:
Jorge Chavez
(405) 653-0688
Source:
Eastwoodrealtygroup
Added: Aug 18
Changed: Oct 23
Last Checked: Oct 23 at 12:23PM
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 Ace Group Realty LLC
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Investment Insights
Based on property information with market context.
The property includes a 2,400-square-foot building constructed in 2003, currently used as a restaurant. Site improvements are in place, and the parcel covers approximately 0.58 acres.
Located at 318 Edmond Road in Piedmont, Oklahoma, the property has access to the surrounding area and is zoned Commercial.
Located at 318 Edmond Road in Piedmont, Oklahoma, the property has access to the surrounding area and is zoned Commercial.
Key Highlights
- 2,400‑square‑foot building
- Built in 2003
- Approximately 0.58 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,520
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,400
$310.4K
Cap Rate 7%
$221,714
$221.7K
Cap Rate 9%
$172,444
$172.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$21.6K $9.00/SF
− Vacancy
−$907 −$0.38/SF
EGI
$20.7K $8.62/SF
− OpEx
−$5.2K −$2.16/SF
NOI
$15.5K $6.47/SF
Area
Canadian County, OK
Vacancy
4.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,400
Cap Rate 7%
$221,714
Cap Rate 9%
$172,444
Alternative Uses
Best Use
Specialty Retail
$221.7K
$194.0K – $258.7K
NOI $15,520 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.6K
$457.3K – $609.7K
NOI $36,580 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73078, OK
12,069
Population
4,683
Households
2.6
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
64.9 sq mi
ZIP Area
186
Density / Sq Mi
$97,197
Median Household Income
$54,181
Median Earnings
$1,657
Median Rent
$288,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A restaurant property with an existing building and site improvements sits on commercially zoned land.
Where is this conventional restaurant located?
The property is located at 318 Edmond Road Piedmont, OK.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,400‑square‑foot building; Built in 2003; Approximately 0.58 acres
