Liquor Store With Retail
For Sale
$1,200,000
3637 N Pennsylvania #A, Oklahoma City, OK 73112
Established liquor operations share the property with a flexible additional retail tenancy.
Property Size3,700 SF
Lot Size0.45 Acres
Price / SF$324.32
Days on Market140
Property Features for 3637 N Pennsylvania #A
General Information
Standard status
Active
Size
3,700 SF
Lot size
0.45 Acres
Property subtype
Commercial
Zoning
C-1/O-2
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,300
Building Details
Building Size
3,700 SF
Year Built
2001
Listing Agency:
Realty One Group Dreamers
(918) 638-6989
Listed By:
Mary Benway
(918) 638-6989
Source:
Eufaulaproperties
Added: Mar 31
Changed: Aug 16
Last Checked: Aug 16 at 6:47AM
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 Realty One Group Dreamers
Investment Insights
Based on property information with market context.
Built in 2001, the property includes approximately 3,700 SF on 0.45 acres and combines an operating liquor store with additional retail space. The offering includes both the real estate and the operating business, creating a single acquisition for buyers evaluating an owner-user or investment-oriented retail asset.
The secondary retail area is leased month-to-month, allowing lease terms to be revisited subject to buyer due diligence. The property is located at 3637 N Pennsylvania #A in Oklahoma City and carries C-1/O-2 zoning. Inventory is included based on seller-provided estimates, while financial information and prior operating history remain subject to buyer verification.
The secondary retail area is leased month-to-month, allowing lease terms to be revisited subject to buyer due diligence. The property is located at 3637 N Pennsylvania #A in Oklahoma City and carries C-1/O-2 zoning. Inventory is included based on seller-provided estimates, while financial information and prior operating history remain subject to buyer verification.
Key Highlights
- Approximately 3,700 SF on 0.45 acres
- Operating liquor store included with the real estate
- Additional retail space leased month‑to‑month
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
$88,578
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
7.38%
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%
$1,771,560
$1.8M
Cap Rate 7%
$1,265,400
$1.3M
Cap Rate 9%
$984,200
$984.2K
Market Conditions
NOI Build-Up for 3,700 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
$124.3K $33.60/SF
− Vacancy
−$6.2K −$1.68/SF
EGI
$118.1K $31.92/SF
− OpEx
−$29.5K −$7.98/SF
NOI
$88.6K $23.94/SF
Area
Oklahoma City, OK
Vacancy
5.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,771,560
Cap Rate 7%
$1,265,400
Cap Rate 9%
$984,200
Alternative Uses
Best Use
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,578 @ 7.0% cap · market cap 7.38%
Second Best
Retail
$1.04M
$913.0K – $1.22M
NOI $73,038 @ 7.0% cap · market cap 6.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 35%
Apparel 18%
Electronics 2%
Braum's Ice Cream & Dairy Stores
Dining
20,619 visits/mo
0.4 miles
Oklahoma City18
Shops & Services
13,076 visits/mo
0.4 miles
Goodwill
Apparel
10,715 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,885 visits/mo
0.4 miles
Valero Energy
Shops & Services
3,532 visits/mo
0.3 miles
Demographics for 73112, OK
31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
Median Home Value
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
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Similar Off Market Nearby
- UnderGround Bistro — Cameron Building, 2915 N Classen Blvd Ste B-10, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established liquor operations share the property with a flexible additional retail tenancy.
Where is this grocery and convenience store located?
The property is located at 3637 N Pennsylvania #A Oklahoma City, 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: Approximately 3,700 SF on 0.45 acres; Operating liquor store included with the real estate; Additional retail space leased month‑to‑month
