Retail Property on Main
For Sale
Contact for pricing
704 E Main St, Moore, OK
Retail property featuring showroom, overhead doors, and frontage on Main.
Property Size4,470 SF
Lot Size0.69 Acres
Price / SF$129.53
Days on Market390
Property Features for 704 E Main St
General Information
Standard status
Active
Size
4,470 SF
Lot size
0.69 Acres
Property subtype
RETAIL
Listing Agency:
NAI RED Commercial Real Estate
(405) 203-3636
Listed By:
Matthew Pierce · License #181850
(405) 203-3636
Source:
Moodyscre
Added: Aug 5, 2025
Changed: Aug 10
Last Checked: Aug 28 at 8:05PM
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 NAI RED Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail property, constructed in 1984, features a showroom and is zoned C-5. The building includes three 10-foot overhead doors and two restrooms, one of which is located in the shop area. It has a ceiling height of 12 feet and offers frontage on E Main St. The property encompasses a total area of 4,470 square feet.
Key Highlights
- Great Frontage on E Main St
- Features (3) 10' Overhead Doors
- Zoned: C‑5
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
$44,588
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
7.70%
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%
$891,760
$891.8K
Cap Rate 7%
$636,971
$637.0K
Cap Rate 9%
$495,422
$495.4K
Market Conditions
NOI Build-Up for 4,470 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
$67.1K $15.00/SF
− Vacancy
−$3.4K −$0.75/SF
EGI
$63.7K $14.25/SF
− OpEx
−$19.1K −$4.27/SF
NOI
$44.6K $9.98/SF
Area
Cleveland County, OK
Vacancy
5.00%
Lease Rate
$15.00 /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%
$891,760
Cap Rate 7%
$636,971
Cap Rate 9%
$495,422
Alternative Uses
Best Use
Retail
$637.0K
$557.4K – $743.1K
NOI $44,588 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$961.8K – $1.28M
NOI $76,946 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
141k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Leisure 47%
Shops & Services 42%
Dining 8%
Beauty & Spa 3%
Regal Warren Moore
Leisure
66,060 visits/mo
0.3 miles
OnCue Express
Shops & Services
23,606 visits/mo
0.1 miles
7-Eleven
Shops & Services
20,012 visits/mo
0.3 miles
Tinker Federal Credit Union
Shops & Services
13,165 visits/mo
0.1 miles
Wingstop
Dining
6,263 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Showroom - Retail property featuring showroom, overhead doors, and frontage on Main.
Where is this showroom located?
The property is located at 704 E Main St Moore, OK.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Great Frontage on E Main St; Features (3) 10' Overhead Doors; Zoned: C‑5
