Renovated Retail Building in Automobile
For Sale
Contact for pricing
801 N Broadway Ave, Oklahoma City, OK 73102
Renovated 10,500 SF retail building in Downtown OKC.
Property Size10,500 SF
Price / SF$268.57
Days on Market172
Property Features for 801 N Broadway Ave
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Office, Retail
Building Details
Year Built
1936
Year Renovated
2022
Stories
1
Listing Agency:
Barta Bailey
(405) 620-3883
Listed By:
Allison Barta Bailey · License #OK 174467
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Aug 8 at 2:48PM
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 Barta Bailey
Investment Insights
Based on property information with market context.
The fully renovated building at 801 N Broadway is a prominent retail property in Downtown Oklahoma City's Automobile Alley. This 10,500 square foot building features finished restrooms and surfaces, along with an open floor plan showroom. Storefront windows wrap around two sides of the building. The expansive showroom includes classic ceiling trusses and historic details. Additional entry points include a roll-up door facing NW 7th and an alley entrance for deliveries. The property is surrounded by neighbors such as Plenty Mercantile, Hideaway Pizza, Red PrimeSteak, OCU Law School, and Trek, along with numerous other restaurants and retailers.
Key Highlights
- Prime location in Downtown OKC's Automobile Alley.
- Fully renovated 10,500 square foot building.
- Open floor plan showroom with historic details.
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
$207,270
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
7.35%
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%
$4,145,400
$4.1M
Cap Rate 7%
$2,961,000
$3.0M
Cap Rate 9%
$2,303,000
$2.3M
Market Conditions
NOI Build-Up for 10,500 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
$315.0K $30.00/SF
− Vacancy
−$18.9K −$1.80/SF
EGI
$296.1K $28.20/SF
− OpEx
−$88.8K −$8.46/SF
NOI
$207.3K $19.74/SF
Area
Oklahoma City, OK
Vacancy
6.00%
Lease Rate
$30.00 /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%
$4,145,400
Cap Rate 7%
$2,961,000
Cap Rate 9%
$2,303,000
Alternative Uses
Best Use
Retail
$2.96M
$2.59M – $3.45M
NOI $207,270 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.59M
$3.14M – $4.19M
NOI $251,370 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,946
Businesses Nearby
162k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Hotels & Casinos 34%
Leisure 22%
Shops & Services 7%
Harkins Theatres Bricktown 16
Leisure
36,461 visits/mo
0.4 miles
Toby Keith's I Love This Bar & Grill
Dining
26,934 visits/mo
0.5 miles
Fairfield Inn & Suites by Marriott Oklahoma City Downtown
Hotels & Casinos
10,428 visits/mo
0.5 miles
Sheraton Hotels & Resorts
Hotels & Casinos
9,981 visits/mo
0.1 miles
Chase Bank
Shops & Services
9,559 visits/mo
0.2 miles
Demographics for 73102, OK
3,072
Population
1,460
Households
2.1
Avg Household Size
35
Median Age
27%
College-Educated
86%
High-School Grad
0.8 sq mi
ZIP Area
3,840
Density / Sq Mi
$67,542
Median Household Income
$37,067
Median Earnings
$1,253
Median Rent
$212,500
Median Home Value
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Renovated 10,500 SF retail building in Downtown OKC.
Where is this showroom located?
The property is located at 801 N Broadway Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,820,000.
What are key features of this property?
This property features: Prime location in Downtown OKC's Automobile Alley.; Fully renovated 10,500 square foot building.; Open floor plan showroom with historic details.
