Listing Agency: Premier Realty LLC Show Phone

Listed By: Carl Martin · License #072633 Show Phone

Source: Exprealty

Added: Oct 7, 2025 Changed: Oct 17 Last Checked: Oct 21 at 12:18AM

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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 Premier Realty LLC

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Investment Insights

Based on property information with market context.

This multi-use commercial building has been used in the past as a convenience store and a restaurant. The property includes a main building of 1,581 square feet and a 20 x 24 storage garage. Public remarks also indicate that existing tanks are still in compliance.

The building is located at the corner of Highway 177 and Highway 105 on a large corner lot. The site provides room to expand and supports a variety of commercial options.

Offered for sale, the asset is sized for a small retail or food service concept while offering additional on-site storage through the attached garage.

Key Highlights

• Multi‑use commercial building at the corner of Highway 177 and 105
• Building is 1,581 SF and includes a 20x24 storage garage
• Previously operated as a convenience store and a restaurant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,770

Cap Rate

5.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$315,400 $315.4K

Cap Rate 7%

$225,286 $225.3K

Cap Rate 9%

$175,222 $175.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,581 SF

Gross rent

$23.7K $15.00/SF

− Vacancy

−$1.2K −$0.75/SF

EGI

$22.5K $14.25/SF

− OpEx

−$6.8K −$4.27/SF

NOI

$15.8K $9.98/SF

Area

Lincoln 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 Rate 5%

$315,400

Cap Rate 7%

$225,286

Cap Rate 9%

$175,222

Alternative Uses

Best Use

Specialty Retail

$382.2K

$334.4K – $445.9K (±1% cap)

NOI $26,751 @ 7.0% cap · market cap 9.73%

Second Best

Retail

$225.3K

$197.1K – $262.8K (±1% cap)

NOI $15,770 @ 7.0% cap · market cap 5.73%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 74832, OK

885

Population

386

Households

2.3

Avg Household Size

39

Median Age

13%

College-Educated

93%

High-School Grad

30.2 sq mi

ZIP Area

29

Density / Sq Mi

$56,667

Median Household Income

$36,429

Median Earnings

$859

Median Rent

$101,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Multi-use commercial building on a large corner lot with a storage garage; previously operated as a convenience store and restaurant.

Where is this grocery and convenience store located?

The property is located at 790011 S Highway 177 Carney, OK.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Multi‑use commercial building at the corner of Highway 177 and 105; Building is 1,581 SF and includes a 20x24 storage garage; Previously operated as a convenience store and a restaurant