Remodeled Two-Building Retail
8703 N Western Ave Oklahoma City, OK 73114
8703 N Western Ave, Oklahoma City, OK, 73114
$695,000
For Sale
$695,000
Two leased buildings on N Western Ave, including a commercial-zoned storefront and a residential PUD building.
Property Size2,347 SF
Price / SF$296.12
Days on Market233
Property Features for 8703 N Western Ave
General Information
- Standard status
- Active
- Size
- 2,347 SF
Listing agency
Silvernail Realty
(405) 470-1700
Listed by
Greg Silvernail
(405) 470-1700
Source
Exprealty
Added: Dec 1, 2025 Updated: Jul 21 at 9:55PM Checked: Jul 22 at 8:06AM
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 Silvernail Realty
Investment Insights
Based on property information with market context.
This for-sale investment property at 8703 N Western Ave consists of two separate buildings. The south building (8703 N Western) is zoned commercial and offers 1,595 square feet. The north building (8705 N Western) is zoned residential with a PUD designation and offers 752 square feet. Both buildings have been remodeled and are leased by Burns Cannabis / Jeff Burns, with the lease renewing in December.
The property features a brick façade with bold signage and black framed windows designed for strong street presence.
As currently configured, the asset is set up as a turnkey, producing investment with two leased buildings under the same ownership footprint.
The property features a brick façade with bold signage and black framed windows designed for strong street presence.
As currently configured, the asset is set up as a turnkey, producing investment with two leased buildings under the same ownership footprint.
Key Highlights
- Two leased buildings on N Western Ave: 8703 N Western (commercial) and 8705 N Western (residential PUD).
- 8703 N Western Ave is 1,595 SF and zoned commercial.
- 8705 N Western Ave is 752 SF with residential PUD zoning.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.4k | $30.00 |
| − Vacancy | −$4.2k | −$1.80 |
| EGI | $66.2k | $28.20 |
| − OpEx | −$19.9k | −$8.46 |
| NOI | $46.3k | $19.74 |
2,347 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$661.9K
$579.1K – $772.2K
NOI $46,330 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$802.7K
$702.3K – $936.5K
NOI $56,187 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Burns Cannabis Experience
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two leased buildings on N Western Ave, including a commercial-zoned storefront and a residential PUD building.
Where is this retail space located?
The property is located at 8703 N Western Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two leased buildings on N Western Ave: 8703 N Western (commercial) and 8705 N Western (residential PUD).; 8703 N Western Ave is 1,595 SF and zoned commercial.; 8705 N Western Ave is 752 SF with residential PUD zoning.
