Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 W Albany St N Broken Arrow, OK

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New 5,990 SF restaurant property in Broken Arrow, Oklahoma.

    Type:RETAIL
    Property size:
    5,990 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $575/SF
    Added:
    Dec 10, 2024
    Days on Market:
    506
    Last Refresh:
    Apr 5 at 11:13 pm

    Property Features for 501 W Albany St N

    General Information

    Standard status
    Active
    Size
    5,990 SF
    Lot size
    0.57 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Michael Rapella
    Michael Rapella

    Listing agent Michael Rapella License #158014

    Listing office Newmark Robinson Park | Oklahoma City

    Listing date Dec 10, 2024

    Source Moodyscre

    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 Newmark Robinson Park | Oklahoma City

    Overview

    New Restaurant Property in Broken Arrow

    This 5,990 square-foot property, constructed in 2023, is located at 501 W. Albany Street in Broken Arrow, Oklahoma. It is currently occupied by Ted’s Cantina Escondido, a local restaurant group with seven locations. The property is subject to a fifteen-year, single-tenant net lease. Broken Arrow is the fourth largest city in Oklahoma, with a population of 119,954.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Firehouse Subs Broken Arrow — 1124 N 9th St, Broken Arrow, OK 74012
    • Franco's Banquets — 216 luther dr, broken arrow, ok 74012

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Wagoner
    State
    Oklahoma
    Longitude
    -95.7927
    Latitude
    36.0736

    Nearby Similar for Sale

    • $1,170,000
      4,500 SF

      Broken Arrow Office Building For Sale

      Well-maintained office building in Broken Arrow's professional district.
      1015 W Ithica Street, Broken Arrow, OK 74012
      View Details
    • $2,499,000
      5,168 SF

      Broken Arrow Commercial Building For Sale

      5,168 SF commercial building in high-traffic Broken Arrow location.
      333 W Albany Street, Broken Arrow, OK 74012
      View Details
    • $4,200
      2,802 SF

      Broken Arrow Office Space Available

      Office space for lease in Broken Arrow, Oklahoma.
      3103 S Juniper Avenue, Broken Arrow, OK 74012
      View Details
    • $320,000
      2,232 SF

      Broken Arrow Duplex Investment Property

      Well-maintained duplex in Broken Arrow, fully occupied, great investment.
      4901 S Hickory Avenue, Broken Arrow, OK 74011
      View Details
    • $5,625
      7,500 SF

      Industrial Warehouse Space in Broken Arrow

      Industrial warehouse with overhead doors and open layout for sale.
      19901 E Highway 51 unit: A1, Broken Arrow, OK 74014
      View Details
    • $290,000
      2,571 SF

      Broken Arrow Duplex Investment Opportunity

      Duplex near Rhema Bible College, leased with good-sized backyards.
      1608 W Lansing Street, Broken Arrow, OK 74012
      View Details
    • $325,000
      2,464 SF

      Broken Arrow Duplex Opportunity

      Spacious duplex in thriving Broken Arrow location.
      4517 S Gum Avenue, Broken Arrow, OK 74011
      View Details
    • $3,325,000
      25,070 SF

      Broken Arrow Office/Warehouse For Sale

      Office and warehouse space constructed in 2021 in Broken Arrow.
      11160 S 225th East Avenue, Broken Arrow, OK 74014
      View Details
    • $3,425,000
      23,000 SF

      Office/Warehouse Investment Opportunity

      Fully leased office/warehouse with fenced yard space for sale.
      11200 S 225th East Avenue, Broken Arrow, OK 74014
      View Details
    • $8,300,000
      62,800 SF

      Insulated Industrial Building For Sale

      62,800 SF industrial building with flexible unit configurations.
      22390 E 111th Street, Broken Arrow, OK 74014
      View Details
    • $8,800
      10,000 SF

      New Industrial Facility in Broken Arrow

      Modern 10,000 SF industrial facility with high operational flexibility.
      19901 Highway 51, Broken Arrow, OK 74014
      View Details
    • $325,000
      1,509 SF

      Broken Arrow Office Opportunity

      Office building in high-traffic Broken Arrow location for sale.
      412 N Elm Avenue, Broken Arrow, OK 74012
      View Details

    FAQs

    What type of property is this?
    Restaurant - New 5,990 SF restaurant property in Broken Arrow, Oklahoma.
    Where is this restaurant located?
    The property is located at 501 W Albany St N Broken Arrow, OK.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: Fifteen (15) year, Single Tenant Net Lease investment.; Occupied by Ted’s Cantina Escondido, a local restaurant group with seven locations.; Property was built in 2023.
    (405) 219-6977 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Rapella
    Michael Rapella
    Real Estate License ID: 158014
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!