Liquor Store Retail
For Sale
$580,000
404 W Country Club Rd, Chickasha, OK 73018
Well-maintained 3,600 SF retail building with HVAC and a security system, currently operating as a liquor store.
Property Size3,320 SF
Price / SF$174.70
Days on Market49
Property Features for 404 W Country Club Rd
General Information
Standard status
Active
Size
3,320 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2009
Listing Agency:
Heartbeat Realty, LLC
Listed By:
Lynn Richards
Source:
Alloverok
Added: Jul 27
Changed: Sep 8
Last Checked: Sep 12 at 11:17AM
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 Heartbeat Realty, LLC
Investment Insights
Based on property information with market context.
This retail property for sale is a single building totaling about 3,600 square feet and is currently used as a liquor store. The space includes HVAC and a security system, supporting ongoing retail operations.
The property is located near US Hwy 277 and W Country Club Rd. Surrounding businesses include Shell, UHaul, Pit Stop, State Farm, and Byford Chrysler Dodge Jeep Ram.
The configuration offers a dedicated storefront retail setup suited to continued retail use, with built-in mechanical and security features already in place.
The property is located near US Hwy 277 and W Country Club Rd. Surrounding businesses include Shell, UHaul, Pit Stop, State Farm, and Byford Chrysler Dodge Jeep Ram.
The configuration offers a dedicated storefront retail setup suited to continued retail use, with built-in mechanical and security features already in place.
Key Highlights
- 3,600 SF retail building currently operating as a liquor store
- Located by US Hwy 277 and W Country Club Rd
- Security system in place
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
$33,117
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
5.71%
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%
$662,340
$662.3K
Cap Rate 7%
$473,100
$473.1K
Cap Rate 9%
$367,967
$368.0K
Market Conditions
NOI Build-Up for 3,320 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
$49.8K $15.00/SF
− Vacancy
−$2.5K −$0.75/SF
EGI
$47.3K $14.25/SF
− OpEx
−$14.2K −$4.27/SF
NOI
$33.1K $9.98/SF
Area
Grady County, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$662,340
Cap Rate 7%
$473,100
Cap Rate 9%
$367,967
Alternative Uses
Best Use
Retail
$473.1K
$414.0K – $552.0K
NOI $33,117 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$802.5K
$702.2K – $936.2K
NOI $56,174 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Hotels & Casinos 12%
Casey's
Shops & Services
20,278 visits/mo
0.4 miles
Shell
Shops & Services
7,941 visits/mo
0.0 miles
Conoco
Shops & Services
3,754 visits/mo
0.5 miles
Holiday Inn Express & Suites Chickasha, an IHG Hotel
Hotels & Casinos
1,632 visits/mo
0.5 miles
Hampton Inn Chickasha
Hotels & Casinos
1,550 visits/mo
0.2 miles
Demographics for 73018, OK
19,806
Population
9,509
Households
2.1
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
155.1 sq mi
ZIP Area
128
Density / Sq Mi
$58,340
Median Household Income
$32,414
Median Earnings
$877
Median Rent
$126,600
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained 3,600 SF retail building with HVAC and a security system, currently operating as a liquor store.
Where is this storefront property located?
The property is located at 404 W Country Club Rd Chickasha, OK.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 3,600 SF retail building currently operating as a liquor store; Located by US Hwy 277 and W Country Club Rd; Security system in place
