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    730 Danforth Rd Edmond, OK 73003

    Sponsored
    For Sale
    $7,864,034

    Multi-Tenant Restaurant Complex, Excellent ROI

    Property size:
    74,412 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a thriving multi-tenant retail center in Edmond, Oklahoma, totaling 74,412 square feet on an 8.99-acre lot. The property, built in 1999, boasts a remarkable 100% occupancy rate as of July 2022, generating a strong Net Operating Income (NOI) of $467,827 and a compelling 5.95% cap rate. Priced at $7,864,034 ($106 per square foot), this property offers significant potential for growth. All nine tenants operate under Triple-Net (NNN) leases, minimizing landlord responsibilities. A key strength is the recent seven-year lease renewal with Hobby Lobby, ensuring long-term stability. The property benefits from a consistently growing local population and income, further enhancing its investment appeal. An excellent owner/manager maintenance program ensures the property remains in top condition. The strategic location, complemented by nearby parks, schools, and other retailers, contributes to the property's high occupancy and strong tenant base. Furthermore, there's potential for future rent increases, given current market conditions. This is a rare opportunity to acquire a well-maintained, high-performing retail center with a strong tenant mix and significant upside potential in a desirable Oklahoma City suburb. The address is 730-828 W Danforth Rd, Edmond, OK 73003.

    Property Features for 730 Danforth Rd

    General Information

    Property type
    Restaurants
    Square Feet
    74,412 SF
    Lot Size
    391,604 SF

    Building Details

    Year Built
    1999

    HighLights

    • $7,864,034 asking price for this 74,412 SF multi‑tenant retail property.
    • NNN leases, 100% occupancy (July 2022).
    • 5.95% cap rate, $467,827 NOI.
    • Hobby Lobby recently renewed their lease for 7 years.
    • Located on 8.99 acres at 730‑828 W Danforth Rd, Edmond, OK 73003.
    Property Profile Location Intelligence

    Current Use by Public Records

    Daylight Donuts Donut Shop

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4929067
    Latitude
    35.6664017

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    FAQs

    What type of property is this?
    Restaurant - Multi-Tenant Restaurant Complex, Excellent ROI
    Where is this restaurant located?
    The property is located at 730 Danforth Rd Edmond, OK.
    What is the asking price?
    The asking price for this property is $7,864,034.
    What are key features of this property?
    This property features: $7,864,034 asking price for this 74,412 SF multi-tenant retail property.; NNN leases, 100% occupancy (July 2022).; 5.95% cap rate, $467,827 NOI.
    Request Owner's contact information
    730 Danforth Rd Edmond, OK 73003
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    Edmond, OK 73003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    730 Danforth Rd Edmond, OK 73003
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