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5205 S SHIELDS BLVD, Oklahoma City, OK 73129
Existing food-service property offered as-is for an owner-operated restaurant or other permitted commercial use.
Property Size1,425 SF
Price / SF$157.82
Days on Market7
Property Features for 5205 S SHIELDS BLVD
General Information
Standard status
Active
Size
1,425 SF
Property subtype
Retail
Additional Details
Asking Price
$224,900
Listing Agency:
RE/MAX Lifestyle
Listed By:
Kristina Moosavi · License #159594 Oklahoma
(405) 239-4137
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 14 at 6:16AM
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 RE/MAX Lifestyle
Investment Insights
Based on property information with market context.
This approximately 1,425-square-foot commercial property has operated as a restaurant location for roughly 30 years. The building is being sold as-is and may suit an owner-operated restaurant, neighborhood café, takeout concept, or catering kitchen, subject to verification of permitted uses and condition.
Located in Oklahoma City along the S Shields commercial corridor, the property is near established residential and commercial activity. Its existing restaurant history provides a foundation for continued food-service use or a future renovation and repositioning plan.
Located in Oklahoma City along the S Shields commercial corridor, the property is near established residential and commercial activity. Its existing restaurant history provides a foundation for continued food-service use or a future renovation and repositioning plan.
Key Highlights
- Approximately 1,425 square feet of commercial building area
- Restaurant location for roughly 30 years
- Sold as‑is
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
$8,663
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
3.85%
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%
$173,260
$173.3K
Cap Rate 7%
$123,757
$123.8K
Cap Rate 9%
$96,256
$96.3K
Market Conditions
NOI Build-Up for 1,425 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
$12.8K $9.00/SF
− Vacancy
−$449 −$0.32/SF
EGI
$12.4K $8.69/SF
− OpEx
−$3.7K −$2.61/SF
NOI
$8.7K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /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%
$173,260
Cap Rate 7%
$123,757
Cap Rate 9%
$96,256
Alternative Uses
Best Use
Specialty Retail
$487.4K
$426.4K – $568.6K
NOI $34,115 @ 7.0% cap · market cap 15.17%
Second Best
Industrial
$123.8K
$108.3K – $144.4K
NOI $8,663 @ 7.0% cap · market cap 3.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 49%
Electronics 2%
McDonald's
Dining
32,906 visits/mo
0.5 miles
OnCue Express
Shops & Services
30,476 visits/mo
0.4 miles
7-Eleven
Shops & Services
1,694 visits/mo
0.4 miles
Boost Mobile
Electronics
1,000 visits/mo
0.4 miles
Demographics for 73129, OK
19,971
Population
7,569
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
67%
High-School Grad
12.5 sq mi
ZIP Area
1,598
Density / Sq Mi
$43,941
Median Household Income
$28,481
Median Earnings
$914
Median Rent
$76,400
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 Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing food-service property offered as-is for an owner-operated restaurant or other permitted commercial use.
Where is this conventional restaurant located?
The property is located at 5205 S SHIELDS BLVD Oklahoma City, OK.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Approximately 1,425 square feet of commercial building area; Restaurant location for roughly 30 years; Sold as‑is
