Profitable Restaurant Business For
For Sale
$700,000
4517 S Sunnylane Rd, Oklahoma City, OK 73135
Business FOR SALE
Property Size1,891 SF
Price / SF$370.17
Days on Market168
Property Features for 4517 S Sunnylane Rd
General Information
Standard status
Active
Property type
Conventional restaurants, Restaurants
Size
1,891 SF
Class
C
Elevators
N/A
Investment Type
Owner User
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
1
Listing Agency:
(580) 536-2700
Listed By:
Hank
(580) 536-2700
Added: Mar 19
Changed: Apr 8
Investment Insights
Based on property information with market context.
This is an opportunity to own a family-owned Korean restaurant in Oklahoma City. The business, B-Won Restaurant, has operated for over 30 years and is for sale due to the owner's retirement. The sale includes the building. The restaurant is located at 4517 S Sunnylane Rd, Oklahoma City, OK 73135. The business has a loyal customer base and a strong community reputation. The kitchen and dining area are fully equipped for a turnkey operation. The property has very low real estate taxes, at $2,464 per year. The business has approximately $700,000 in annual sales. The property size is 1,891 square feet.
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
$45,271
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
6.47%
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%
$905,420
$905.4K
Cap Rate 7%
$646,729
$646.7K
Cap Rate 9%
$503,011
$503.0K
Market Conditions
NOI Build-Up for 1,891 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
$63.5K $33.60/SF
− Vacancy
−$3.2K −$1.68/SF
EGI
$60.4K $31.92/SF
− OpEx
−$15.1K −$7.98/SF
NOI
$45.3K $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%
$905,420
Cap Rate 7%
$646,729
Cap Rate 9%
$503,011
Alternative Uses
Best Use
Specialty Retail
$646.7K
$565.9K – $754.5K
NOI $45,271 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 47%
Electronics 2%
Braum's Ice Cream & Dairy Stores
Dining
18,885 visits/mo
0.1 miles
Dollar Tree
Shops & Services
13,410 visits/mo
0.1 miles
SONIC Drive In
Dining
10,242 visits/mo
0.2 miles
Dollar General
Shops & Services
6,748 visits/mo
0.2 miles
Family Dollar
Shops & Services
3,854 visits/mo
0.1 miles
Demographics for 73135, OK
21,562
Population
9,696
Households
2.2
Avg Household Size
33
Median Age
24%
College-Educated
88%
High-School Grad
11.0 sq mi
ZIP Area
1,960
Density / Sq Mi
$67,464
Median Household Income
$38,346
Median Earnings
$1,212
Median Rent
$164,200
Median Home Value
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Business FOR SALE
Where is this conventional restaurant located?
The property is located at 4517 S Sunnylane Rd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $700,000.
