Drive-Thru Convenience
400 S Air Depot Boulevard, Midwest City, OK 73110
For Sale
$350,000
Commercial Sale, Midwest City, OK
Property Size1,978 SF
Lot Size0.57 Acres
Price / SF$176.95
Days on Market207
Property Features for 400 S Air Depot Boulevard
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
dry basement storage
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
Dean Lemons & Associates
(405) 682-9505
Listed By:
Craig Ahrens · License OK #146322
(405) 503-0492
Added: Apr 18
Changed: Oct 16
Last Checked: Nov 10 at 7:06AM
MLS# 1224053
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,978-square-foot convenience store property includes a customer sales area, two small offices, an existing drive-thru, and on-site shelving and racking. The main sales floor measures approximately 1,126 square feet, with an additional 180 square feet separated by a faux wall that could expand the showroom to approximately 1,300 square feet. A dry basement measuring approximately 888 square feet provides additional storage space. The refrigeration unit is currently not operable.
The property sits on 0.569 acres along a major north-south arterial in Midwest City, with reported traffic exceeding 20k vehicles daily. Parking accommodates over 30 vehicles, including 16 covered spaces, and the site has an existing pole sign. The building was constructed in 1968 and includes public water and public sewer service.
The property sits on 0.569 acres along a major north-south arterial in Midwest City, with reported traffic exceeding 20k vehicles daily. Parking accommodates over 30 vehicles, including 16 covered spaces, and the site has an existing pole sign. The building was constructed in 1968 and includes public water and public sewer service.
Key Highlights
- Approximately 1,978 square feet on a 0.569‑acre site
- Existing drive‑thru and pole sign
- Parking for over 30 vehicles, including 16 covered spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,878
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,560
$417.6K
Cap Rate 7%
$298,257
$298.3K
Cap Rate 9%
$231,978
$232.0K
Market Conditions
NOI Build-Up for 1,978 SF
Gross rent
$33.0K $16.68/SF
− Vacancy
−$3.2K −$1.60/SF
EGI
$29.8K $15.08/SF
− OpEx
−$8.9K −$4.52/SF
NOI
$20.9K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,560
Cap Rate 7%
$298,257
Cap Rate 9%
$231,978
Alternative Uses
Best Use
Retail
$298.3K
$261.0K – $348.0K
NOI $20,878 @ 7.0% cap · market cap 5.97%
Second Best
Specialty Retail
$297.2K
$260.1K – $346.8K
NOI $20,806 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$412.0K
$360.5K – $480.7K
NOI $28,839 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
177k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Apparel 23%
Groceries 10%
Superstores 7%
Ross Dress for Less
Apparel
23,201 visits/mo
0.3 miles
Braum's Ice Cream & Dairy Stores
Dining
20,471 visits/mo
0.4 miles
Aldi
Groceries
18,299 visits/mo
0.1 miles
Taco Casa
Dining
17,491 visits/mo
0.0 miles
SONIC Drive In
Dining
16,440 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Crest Foods — 7212 E Reno Ave, Oklahoma City, OK 73110
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Existing retail improvements include covered parking, a pole sign, shelving, and a separate back-stock area.
Where is this grocery and convenience store 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 $350,000.
What are key features of this property?
This property features: Approximately 1,978 square feet on a 0.569‑acre site; Existing drive‑thru and pole sign; Parking for over 30 vehicles, including 16 covered spaces
