Stillwater Retail and Restaurant
For Sale
Contact for pricing
601 W 6th Ave., Stillwater, OK 74074
Retail and restaurant spaces near Oklahoma State University.
Property Size4,066 SF
Price / SF$244.71
Days on Market148
Property Features for 601 W 6th Ave.
General Information
Standard status
Active
Size
4,066 SF
Property subtype
Retail
Building Details
Year Built
1972
Year Renovated
1997
Listing Agency:
Newmark Robinson Park
Listed By:
Michael Almaraz · License #OK
(405) 840-1500
Source:
Crexi
Added: May 22
Changed: Oct 1
Last Checked: Oct 14 at 8:56PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property, located at 601 & 607 W 6th Ave in Stillwater, OK, offers an opportunity to purchase a retail space and a former restaurant. Positioned on a hard corner parcel three blocks from Oklahoma State University, the property features 140 feet of street frontage along 6th Avenue/Highway 51. The location provides great visibility and ample parking. The small outparcel building is suitable for retail use, while the former restaurant is suitable for continued restaurant use or conversion.
Key Highlights
- Hard corner location just 3 blocks from Oklahoma State University.
- 140 feet of street frontage on 6th Avenue/Highway 51.
- Great visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,662
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,093,240
$1.1M
Cap Rate 7%
$780,886
$780.9K
Cap Rate 9%
$607,356
$607.4K
Market Conditions
NOI Build-Up for 4,066 SF
Gross rent
$82.5K $20.28/SF
− Vacancy
−$4.4K −$1.07/SF
EGI
$78.1K $19.21/SF
− OpEx
−$23.4K −$5.76/SF
NOI
$54.7K $13.44/SF
Area
Payne County, OK
Vacancy
5.30%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,093,240
Cap Rate 7%
$780,886
Cap Rate 9%
$607,356
Alternative Uses
Best Use
Retail
$780.9K
$683.3K – $911.0K
NOI $54,662 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$999.9K
$874.9K – $1.17M
NOI $69,991 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,915
Businesses Nearby
126k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Groceries 14%
Shops & Services 12%
Beauty & Spa 2%
McDonald's
Dining
29,974 visits/mo
0.3 miles
Sprouts Farmers Market
Groceries
17,594 visits/mo
0.3 miles
Fuzzy's Taco Shop
Dining
10,214 visits/mo
0.3 miles
Wendy's
Dining
10,135 visits/mo
0.2 miles
KFC
Dining
7,920 visits/mo
0.2 miles
Demographics for 74074, OK
32,326
Population
14,328
Households
2.3
Avg Household Size
29
Median Age
51%
College-Educated
96%
High-School Grad
127.4 sq mi
ZIP Area
254
Density / Sq Mi
$50,245
Median Household Income
$26,971
Median Earnings
$965
Median Rent
$247,300
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 South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail and restaurant spaces near Oklahoma State University.
Where is this retail space located?
The property is located at 601 W 6th Ave. Stillwater, OK.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Hard corner location just 3 blocks from Oklahoma State University.; 140 feet of street frontage on 6th Avenue/Highway 51.; Great visibility.
