Retail Storefront with Pylon
For Sale
$450,000
7101 - 7117 East Reno Avenue, Midwest City, OK 73110
Open retail sales area includes one private office and restroom, with large pylon signage on a major Reno Ave corridor.
Property Size3,562 SF
Days on Market207
Property Features for 7101 - 7117 East Reno Avenue
General Information
Standard status
Active
Size
3,562 SF
Property subtype
Retail - Street Retail
Additional Details
Road Access
Yes
Amenities
pylon sign
Building Details
Building Size
3,562 SF
Units
4
Listing Agency:
Banta Property Group
Listed By:
Greg Banta · License #109170
(405) 823-3026
Source:
Commercialcafe
Added: Apr 4
Changed: Oct 26
Last Checked: Oct 26 at 12:42PM
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 Banta Property Group
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 retail storefront offering is positioned at 7101–7117 E Reno Ave, providing frontage and accessibility on Reno Avenue just east of Air Depot Boulevard. The space is laid out with an open area for retail sales, plus one private office and a restroom.
The property is located on a heavily traveled corridor and sits across from Crest Foods, with a large pylon sign on the street to support business visibility. It has been presented as suitable for redevelopment and also for pad site development.
For an owner-user or developer looking for a highly visible commercial site with an existing retail layout and street-sign exposure, this location along established retail and commercial frontage may be worth a closer look.
The property is located on a heavily traveled corridor and sits across from Crest Foods, with a large pylon sign on the street to support business visibility. It has been presented as suitable for redevelopment and also for pad site development.
For an owner-user or developer looking for a highly visible commercial site with an existing retail layout and street-sign exposure, this location along established retail and commercial frontage may be worth a closer look.
Key Highlights
- Open retail sales area with one private office and a restroom
- Large pylon sign on E Reno Ave for business visibility
- Commercial frontage on E Reno Ave just east of Air Depot Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,597
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,940
$751.9K
Cap Rate 7%
$537,100
$537.1K
Cap Rate 9%
$417,744
$417.7K
Market Conditions
NOI Build-Up for 3,562 SF
Gross rent
$59.4K $16.68/SF
− Vacancy
−$5.7K −$1.60/SF
EGI
$53.7K $15.08/SF
− OpEx
−$16.1K −$4.52/SF
NOI
$37.6K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,940
Cap Rate 7%
$537,100
Cap Rate 9%
$417,744
Alternative Uses
Best Use
Retail
$537.1K
$470.0K – $626.6K
NOI $37,597 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.9K
$649.2K – $865.6K
NOI $51,933 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
167k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Apparel 25%
Groceries 11%
Superstores 7%
Ross Dress for Less
Apparel
23,201 visits/mo
0.1 miles
Braum's Ice Cream & Dairy Stores
Dining
20,471 visits/mo
0.1 miles
Aldi
Groceries
18,299 visits/mo
0.5 miles
Taco Casa
Dining
17,491 visits/mo
0.4 miles
SONIC Drive In
Dining
16,440 visits/mo
0.3 miles
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
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 - Open retail sales area includes one private office and restroom, with large pylon signage on a major Reno Ave corridor.
Where is this retail space located?
The property is located at 7101 - 7117 East Reno Avenue Midwest City, OK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Open retail sales area with one private office and a restroom; Large pylon sign on E Reno Ave for business visibility; Commercial frontage on E Reno Ave just east of Air Depot Boulevard
