Mixed-Use Building with Retail
For Sale
$849,900
418 W Wade St, El Reno, OK 73036
Two commercial suites occupy the street level, with updated residential units above and existing lease income.
Property Size9,100 SF
Price / SF$93.40
Days on Market358
Property Features for 418 W Wade St
General Information
Standard status
Active
Size
9,100 SF
Additional Details
Cap Rate
8.5%
Building Details
Tenancy
Multi
Listing Agency:
Black Label Realty
(405) 618-1827
Listed By:
Phillip Church
(405) 618-1827
Source:
Exprealty
Added: Aug 13, 2025
Changed: Aug 5
Last Checked: Aug 5 at 6:52AM
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 Black Label Realty
Investment Insights
Based on property information with market context.
This 9,100-square-foot mixed-use building combines commercial and residential components in a multi-level layout. The ground floor contains two commercial units, including one leased to a long-term occupant. Multiple residential units are located upstairs and have been updated for current occupancy. The property also includes established residential rental history and existing leases, with one remaining vacancy identified in the operating profile.
Positioned at 418 W Wade St in downtown El Reno, the building sits along the Route 66 corridor with access to nearby shopping, dining, and local amenities. Street parking serves the property, which accommodates both commercial and residential tenancy. The reported 8.5 cap rate and 8.4% cash-on-cash return provide additional operating metrics for evaluation.
Positioned at 418 W Wade St in downtown El Reno, the building sits along the Route 66 corridor with access to nearby shopping, dining, and local amenities. Street parking serves the property, which accommodates both commercial and residential tenancy. The reported 8.5 cap rate and 8.4% cash-on-cash return provide additional operating metrics for evaluation.
Key Highlights
- 9,100‑square‑foot mixed‑use building with commercial and residential components
- Two commercial units on the ground floor
- Multiple updated residential units on the upper level
Financial Insights For Apartment 5plus
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 | $100.5k | $11.04 |
| − Vacancy | −$10.0k | −$1.10 |
| EGI | $90.4k | $9.94 |
| − OpEx | −$40.7k | −$4.47 |
| NOI | $49.7k | $5.46 |
9,100 SF · lease $11.04/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Mixed Use
$1.58M
$1.38M – $1.84M
NOI $110,565 @ 7.0% cap · market cap 13.01%
Second Best
Retail
$1.26M
$1.10M – $1.46M
NOI $87,875 @ 7.0% cap · market cap 10.34%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,701 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 73036, OK
19,602
Population
7,790
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
87%
High-School Grad
183.8 sq mi
ZIP Area
107
Density / Sq Mi
$59,617
Median Household Income
$35,660
Median Earnings
$912
Median Rent
$162,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial suites occupy the street level, with updated residential units above and existing lease income.
Where is this mixed-use property located?
The property is located at 418 W Wade St El Reno, OK.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 9,100‑square‑foot mixed‑use building with commercial and residential components; Two commercial units on the ground floor; Multiple updated residential units on the upper level
