Retail Storefront with
For Sale
$385,000
400 S Air Depot Boulevard, Midwest City, OK 73110
C-3 zoned retail storefront with an existing drive-thru, parking for 30+ vehicles, and a pole sign.
Property Size1,978 SF
Days on Market111
Property Features for 400 S Air Depot Boulevard
General Information
Standard status
Active
Size
1,978 SF
Property subtype
Retail
Building Details
Building Size
1,978 SF
Year Built
1968
Listing Agency:
Dean Lemons & Associates
(405) 503-0492
Listed By:
Craig Ahrens · License #146322
Source:
Stetsonbentley
Added: Apr 18
Changed: Jul 30
Last Checked: Aug 6 at 4:19AM
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 Dean Lemons & Associates
Investment Insights
Based on property information with market context.
This retail storefront features an existing drive-thru and a sales-floor configuration totaling approximately 1,126 SF MOL, plus an additional 180 SF MOL separated by a faux wall that could be opened to bring the showroom area to around 1,300 SF MOL. Two small office areas (approximately 179 SF) are in place, along with a refrigeration unit that is not currently operable. An existing pole sign and shelving/racking are included, and the building offers a dry basement space of approximately 888 SF MOL that is not shown on county records and could support back-stock use. The property was built in 1968.
The property is zoned C-3 and has a special use permit for liquor sales. It is located on a major north-south arterial in the heart of Midwest City, with very high traffic counts reported as over 20,000 vehicles daily, and it has parking for over 30 vehicles including 16 covered spaces. The location is also stated as offering great proximity to Tinker AFB.
For tenants or buyers looking for a neighborhood retail format with drive-thru access, dedicated sales space, and on-site parking, the current layout provides both customer-facing area and small back-of-house offices, with additional basement storage potential.
The property is zoned C-3 and has a special use permit for liquor sales. It is located on a major north-south arterial in the heart of Midwest City, with very high traffic counts reported as over 20,000 vehicles daily, and it has parking for over 30 vehicles including 16 covered spaces. The location is also stated as offering great proximity to Tinker AFB.
For tenants or buyers looking for a neighborhood retail format with drive-thru access, dedicated sales space, and on-site parking, the current layout provides both customer-facing area and small back-of-house offices, with additional basement storage potential.
Key Highlights
- Existing drive‑thru configuration with approximately 1,126 SF MOL sales floor
- Additional 180 SF MOL separated by faux wall could be opened to reach around 1,300 SF MOL showroom
- Zoned C‑3 with a special use permit for liquor sales
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 | $33.0k | $16.68 |
| − Vacancy | −$3.2k | −$1.60 |
| EGI | $29.8k | $15.08 |
| − OpEx | −$8.9k | −$4.52 |
| NOI | $20.9k | $10.56 |
1,978 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$298.3K
$261.0K – $348.0K
NOI $20,878 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.0K
$360.5K – $480.7K
NOI $28,839 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
430k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 31%
Home Improvements & Furnishings 10%
Electronics 8%
Lowe's
Home Improvements & Furnishings
42,036 visits/mo
0.2 miles
Raising Cane's Chicken Fingers
Dining
36,501 visits/mo
0.0 miles
Five Below
Shops & Services
30,038 visits/mo
0.4 miles
Sam's Club Gas Station
Shops & Services
29,294 visits/mo
0.4 miles
Midwest City #3
Shops & Services
28,376 visits/mo
0.1 miles
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- City Sweets Floral — 105 S Air Depot Blvd, Oklahoma City, OK 73110
Frequently Asked Questions
What type of property is this?
Storefront property - C-3 zoned retail storefront with an existing drive-thru, parking for 30+ vehicles, and a pole sign.
Where is this storefront property located?
The property is located at 400 S Air Depot Boulevard Midwest City, OK.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Existing drive‑thru configuration with approximately 1,126 SF MOL sales floor; Additional 180 SF MOL separated by faux wall could be opened to reach around 1,300 SF MOL showroom; Zoned C‑3 with a special use permit for liquor sales
