Established Restaurant with
For Sale
$298,000
828 Eastside Boulevard, Muskogee, OK 74403
Restaurant property with an equipped kitchen, dining area, updated restrooms, drive-through access, and rear storage.
Property Size1,136 SF
Price / SF$262.32
Days on Market73
Property Features for 828 Eastside Boulevard
General Information
Standard status
Active
Size
1,136 SF
Total Parking Spaces
26
Additional Details
Business Included
Yes
Drive-Thru
Yes
Amenities
security system
climate controlled storage building
Building Details
Year Built
1957
Construction
galvanized metal
Listing Agency:
C21/First Choice Realty
Listed By:
Florence Smith · License #200094
(918) 682-5200
Source:
Cheathamrealty
Added: Aug 5
Changed: Oct 6
Last Checked: Oct 7 at 2:24PM
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 C21/First Choice Realty
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Investment Insights
Based on property information with market context.
This restaurant property includes a customer dining area, a fully equipped commercial kitchen, and two large updated restrooms. A drive-through supports additional service functionality, while a security system is installed on site. The exterior features galvanized metal construction, and a climate-controlled storage building is located at the rear of the property.
Built in 1957, the property is located at 828 Eastside Boulevard in Muskogee, Oklahoma, within the city’s historic area. E1 zoning is in place. Parking includes 24 spaces plus 2 handicap parking spaces, providing dedicated on-site parking for the restaurant and its customers.
Built in 1957, the property is located at 828 Eastside Boulevard in Muskogee, Oklahoma, within the city’s historic area. E1 zoning is in place. Parking includes 24 spaces plus 2 handicap parking spaces, providing dedicated on-site parking for the restaurant and its customers.
Key Highlights
- Fully equipped commercial kitchen with customer dining area
- Drive‑through service feature included
- Two large updated restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,911
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,220
$218.2K
Cap Rate 7%
$155,871
$155.9K
Cap Rate 9%
$121,233
$121.2K
Market Conditions
NOI Build-Up for 1,136 SF
Gross rent
$15.7K $13.80/SF
− Vacancy
−$1.1K −$0.99/SF
EGI
$14.5K $12.81/SF
− OpEx
−$3.6K −$3.20/SF
NOI
$10.9K $9.60/SF
Area
Muskogee County, OK
Vacancy
7.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,220
Cap Rate 7%
$155,871
Cap Rate 9%
$121,233
Alternative Uses
Best Use
Specialty Retail
$155.9K
$136.4K – $181.9K
NOI $10,911 @ 7.0% cap · market cap 3.66%
Second Best
Industrial
$81.5K
$71.3K – $95.1K
NOI $5,706 @ 7.0% cap · market cap 1.91%
Theoretical Best
Office A
$237.8K
$208.1K – $277.4K
NOI $16,644 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Electronics 3%
Dollar General
Shops & Services
8,051 visits/mo
0.5 miles
Family Dollar
Shops & Services
3,210 visits/mo
0.4 miles
Covington Credit
Shops & Services
1,781 visits/mo
0.4 miles
Quick Mart
Shops & Services
1,641 visits/mo
0.2 miles
Metro by T-Mobile
Electronics
515 visits/mo
0.3 miles
Demographics for 74403, OK
29,419
Population
12,779
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
88%
High-School Grad
109.7 sq mi
ZIP Area
268
Density / Sq Mi
$57,171
Median Household Income
$35,732
Median Earnings
$841
Median Rent
$145,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with an equipped kitchen, dining area, updated restrooms, drive-through access, and rear storage.
Where is this conventional restaurant located?
The property is located at 828 Eastside Boulevard Muskogee, OK.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Fully equipped commercial kitchen with customer dining area; Drive‑through service feature included; Two large updated restrooms
