Multi-Tenant Storefront
For Sale
$600,000
6503 S Elm, Broken Arrow, OK 74011
Two businesses occupy the building under month-to-month leases, with on-site parking and road frontage.
Property Size2,760 SF
Price / SF$217.39
Days on Market55
Property Features for 6503 S Elm
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Retail
Additional Details
Tenant in Place
Yes
Amenities
on-site parking
Building Details
Year Built
1982
Buildings
1
Tenancy
Multi
Listing Agency:
Cochran & Co Realtors
(918) 455-1998
Listed By:
Austin Cochran · License #159008
(918) 697-3889
Source:
Spiritrealtygroup
Added: Sep 9
Changed: Nov 1
Last Checked: Nov 1 at 3:49PM
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 Cochran & Co Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,760-square-foot storefront property was built in 1982 and is occupied by two separate businesses. Both operate under month-to-month leases. The building also has on-site parking and road frontage.
Located at 6503 S Elm in Broken Arrow, the property is a single building with two business occupants.
Located at 6503 S Elm in Broken Arrow, the property is a single building with two business occupants.
Key Highlights
- 2,760‑square‑foot storefront building
- Two businesses with month‑to‑month leases
- On‑site parking and road frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,214
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,280
$564.3K
Cap Rate 7%
$403,057
$403.1K
Cap Rate 9%
$313,489
$313.5K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$44.0K $15.96/SF
− Vacancy
−$3.7K −$1.36/SF
EGI
$40.3K $14.60/SF
− OpEx
−$12.1K −$4.38/SF
NOI
$28.2K $10.22/SF
Area
Broken Arrow, OK
Vacancy
8.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,280
Cap Rate 7%
$403,057
Cap Rate 9%
$313,489
Alternative Uses
Best Use
Retail
$403.1K
$352.7K – $470.2K
NOI $28,214 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$645.6K
$564.9K – $753.2K
NOI $45,192 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74011, OK
31,803
Population
12,898
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
96%
High-School Grad
23.8 sq mi
ZIP Area
1,336
Density / Sq Mi
$95,643
Median Household Income
$50,906
Median Earnings
$1,303
Median Rent
$244,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Two businesses occupy the building under month-to-month leases, with on-site parking and road frontage.
Where is this storefront property located?
The property is located at 6503 S Elm Broken Arrow, OK.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,760‑square‑foot storefront building; Two businesses with month‑to‑month leases; On‑site parking and road frontage
