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    Historic Building on Route 66 Title is generated by Realmo AI

    512 N Main Street, Bristow, OK 74010

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    Pending
    $1,200,000

    COMMERCIAL - Bristow, OK

    Property size:
    28,344 SF
    Lot size:
    2.62 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    34
    Last Refresh:
    May 17 at 9:06 am

    Property Features for 512 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COM
    Security features
    Security System
    Interior features
    Cable TV Wired, High Speed Internet, Internal Expansion Area, Mini-Kitchen, Public Restrooms, Security System-Owned, Smoke Detector, Vaulted Ceiling
    Exterior features
    Door Sign, Dumpster, Lighting, Sidewalk, Sprinkler System
    Fencing
    Fenced
    Standard status
    Pending
    APN
    5501-00-025-000-0-010-00
    Size
    28,344 SF
    Lot size
    2.62 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    O. T. BRISTOW LOTS 1 THRU 12 BLOCK 25
    Tax Annual Amount
    13808

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2011
    Flooring type
    Concrete, Tile
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Shelly Drullinger

    Listing agent Shelly Drullinger License #181373

    Listing office Chinowth & Cohen 3912 E 91st St, Tulsa, OK

    Listing date Apr 14, 2026

    MLS# 2613215

    Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Main Street location on Route 66 with high visibility and accessibility.
    • Includes additional lots west of the building and across the street.
    • Unique historic landmark building with original architectural details.
    • Open spaces with high ceilings offering potential for a variety of uses.
    • Recent renovations in 2011 and a new garage built in 2022.
    • Security system, public restrooms, and sprinkler system included.

    Overview

    This commercial property, located on Main Street in Bristow, Oklahoma, presents an opportunity to own a historic landmark on Route 66. Constructed in 1923 and renovated in 2011, the building features original architectural details, open spaces, and high ceilings. A back garage was added in 2022. The property's zoning is COM. The building encompasses 28,344 square feet and is situated on a 2.62-acre lot. In addition to the building, the sale includes the lot west of the building and the lot across the street just north of the building. The location offers prime visibility and accessibility, enhanced by the charm of Route 66 and Oklahoma's history. This property offers the potential for a variety of uses.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $970.3K
    NOI $87,331 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.25M
    NOI $87,331 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.75M
    NOI $87,331 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $136.1k $4.80
    − Vacancy −$11.3k −$0.40
    EGI $124.8k $4.40
    − OpEx −$37.4k −$1.32
    NOI $87.3k $3.08
    28,344 SF · lease $4.80/SF/yr · vacancy 8.30% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $1.25M
    $1.09M – $1.46M (±1% cap)
    NOI $87,331 @ 7.0% cap · market cap 7.28%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $6.97M
    $6.10M – $8.13M (±1% cap)
    NOI $487,907 @ 7.0% cap · market cap 40.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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

    • Added Touch Florist & Gifts — 301 E 7th Ave, Bristow, OK 74010

    Location Insight

    • Map
    • Local Demand
    City
    Bristow
    County
    Creek
    State
    Oklahoma
    Longitude
    -96.391228
    Latitude
    35.837477

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    FAQs

    What type of property is this?
    Storefront property - Historic landmark with Route 66 charm and modern updates.
    Where is this storefront property located?
    The property is located at 512 N Main Street Bristow, OK.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime Main Street location on Route 66 with high visibility and accessibility.; Includes additional lots west of the building and across the street.; Unique historic landmark building with original architectural details.
    (918) 392-0900
    We can help!
    Listing Contact
    Shelly Drullinger
    Real Estate License ID: 181373
    Learn More
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    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
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