Freestanding Mixed-Use Retail
For Sale
Contact for pricing
8201 NW 10th St, Oklahoma City, OK 73127
Freestanding commercial property with a drive-thru, pizza kitchen area, and additional retail space.
Property Size3,195 SF
Lot Size0.50 Acres
Price / SF$242.57
Days on Market139
Property Features for 8201 NW 10th St
General Information
Standard status
Active
Size
3,195 SF
Class
C
Lot size
0.50 Acres
Property subtype
Business for Sale, Retail
Zoning
C-3, City of Oklahoma City
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1985
Buildings
1
Units
2
Listing Agency:
Banta Property Group
(405) 840-1600
Listed By:
Anna Fresonke · License #OK 158169
Source:
Crexi
Added: Apr 16
Changed: Aug 30
Last Checked: Sep 1 at 5:37AM
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
Investment Insights
Based on property information with market context.
This freestanding mixed-use property includes a 3,195-square-foot commercial building on a 21,875-square-foot lot. Built in 1985, the improvements include an existing vape business, drive-thru component, dedicated pizza kitchen area, and approximately 1,000 square feet of additional retail space. The sale includes the operating business and the real estate.
The property is located at 8201 Northwest 10th Street in Oklahoma City, within walking distance of Lake Overholser. The site offers access to NW 10th Street, North Council Road, I-40, and I-44, with nearby residential neighborhoods and lake-oriented walking trails, cycling paths, and waterfront amenities.
The configuration combines an established commercial operation with space for additional business use or rental activity, subject to applicable requirements.
The property is located at 8201 Northwest 10th Street in Oklahoma City, within walking distance of Lake Overholser. The site offers access to NW 10th Street, North Council Road, I-40, and I-44, with nearby residential neighborhoods and lake-oriented walking trails, cycling paths, and waterfront amenities.
The configuration combines an established commercial operation with space for additional business use or rental activity, subject to applicable requirements.
Key Highlights
- 3,195‑square‑foot freestanding building on a 21,875‑square‑foot lot
- Operating vape business included with the real estate
- Drive‑thru component and dedicated pizza kitchen area
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
$63,069
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
8.14%
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%
$1,261,380
$1.3M
Cap Rate 7%
$900,986
$901.0K
Cap Rate 9%
$700,767
$700.8K
Market Conditions
NOI Build-Up for 3,195 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
$95.9K $30.00/SF
− Vacancy
−$5.8K −$1.80/SF
EGI
$90.1K $28.20/SF
− OpEx
−$27.0K −$8.46/SF
NOI
$63.1K $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%
$1,261,380
Cap Rate 7%
$900,986
Cap Rate 9%
$700,767
Alternative Uses
Best Use
Retail
$901.0K
$788.4K – $1.05M
NOI $63,069 @ 7.0% cap · market cap 8.14%
Second Best
Mixed Use
$629.9K
$551.1K – $734.9K
NOI $44,091 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$1.09M
$956.1K – $1.27M
NOI $76,488 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
Business Placement
Demographics for 73127, OK
27,007
Population
11,329
Households
2.4
Avg Household Size
32
Median Age
16%
College-Educated
76%
High-School Grad
11.3 sq mi
ZIP Area
2,390
Density / Sq Mi
$46,020
Median Household Income
$28,766
Median Earnings
$926
Median Rent
$139,200
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?
Mixed-use property - Freestanding commercial property with a drive-thru, pizza kitchen area, and additional retail space.
Where is this mixed-use property located?
The property is located at 8201 NW 10th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,195‑square‑foot freestanding building on a 21,875‑square‑foot lot; Operating vape business included with the real estate; Drive‑thru component and dedicated pizza kitchen area
