Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 Main St Shawnee, OK 74801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8,500 SF Retail Space - Downtown Shawnee

    Property size:
    8,500 SF

    Property Features for 501 Main St

    General Information

    Property type
    Retail space
    Square Feet
    8,500 SF
    Class
    C

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Pam O'Rorke
    Pam O'Rorke

    Listing Agency: Berkshire Hathaway HomeServices Benchmark Realty Shawnee Listing Agent: Pam O'Rorke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 8,500 square foot storefront, located at 501 E Main St, Shawnee, OK 74801, presents a remarkable investment opportunity. Built in 1920, this Class C retail property boasts two stories and offers a flexible, open layout ideal for a variety of commercial uses. The building features both side and back entrances for convenient access, enhancing customer and delivery experiences. An elevator and conveyor belt are present on the premises, though their current operational status requires assessment. Situated in the heart of downtown Shawnee, this property benefits from high visibility and foot traffic, placing your business within a thriving commercial district. The asking price is $275,000. This property's expansive size and prime location make it an exceptional opportunity for entrepreneurs seeking a prominent presence in the Shawnee, Oklahoma market. The property's two-story design and open layout provide ample space for customization, allowing businesses to tailor the space to their specific needs. The convenient access points and existing elevator and conveyor belt offer additional operational advantages. This is a chance to establish a business in a vibrant and well-connected area of Shawnee.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Pottawatomie
    State
    Oklahoma
    Longitude
    -96.9169576
    Latitude
    35.3272946

    Nearby Similar for Sale

    • $499,000
      9,657 SF

      Downtown Shawnee Commercial Building

      Prime commercial building in downtown Shawnee with flexible space.
      123 W Highland St, Shawnee, OK 74801
      View Details
    • $299,000
      4,230 SF

      Adaptable Commercial Space in Shawnee

      Corner lot with flexible space near commercial corridor.
      3803 North Bryan Ave, Shawnee, OK 74804
      View Details
    • $205,000
      5,443 SF

      Shawnee Commercial Opportunity on Broadway

      Versatile commercial space ideal for retail or restaurant ventures.
      1525 N Broadway Ave, Shawnee, OK 74804
      View Details
    • $346,000
      2,850 SF

      Income-Producing Duplex in Shawnee, OK

      Side-by-side duplex with flexible leasing options in North Rock Creek.
      42904 Westech Rd, Shawnee, OK 74804
      View Details
    • $134,900
      1,774 SF

      Commercial Property with Barber Shop

      Home, lots, garage, and barbershop in high-traffic location.
      332 N Harrison St, Shawnee, OK 74801
      View Details
    • $250,000
      10,120 SF

      Historic Art Deco Theater

      Oklahoma Historic Registry theater with dual screens and stage.
      125 N Bell Ave, Shawnee, OK 74801
      View Details
    • $399,900
      2,814 SF

      Remodeled Office Building in Shawnee

      Remodeled office building with flexible spaces and convenient access.
      20 E Dunloup St, Shawnee, OK 74804
      View Details
    • $875,000
      8,241 SF

      Spacious Shawnee Commercial Building on Acreage

      8,241 SF commercial building on 5.75 acres in Shawnee.
      42005 Moccasin Trl, Shawnee, OK 74804
      View Details
    • Contact for pricing

      Commercial Land in Shawnee, OK

      Commercial land suitable for small business or convenience store.
      1304 E Highland St, Shawnee, OK 74801
      View Details
    • $210,000
      3,120 SF

      Brick Triplex in Shawnee, OK

      Two-story triplex with rental income potential in Shawnee, Oklahoma.
      128 W Ridgewood St, Shawnee, OK 74801
      View Details
    • $60,000
      Pending

      Shawnee Church on Corner Lot

      Church with home/parsonage for sale in Shawnee, Oklahoma.
      717 S Bell Ave, Shawnee, OK 74801
      View Details
    • $148,000
      0.16 Acres

      Income-Producing Quadplex Investment Opportunity

      Updated four-unit property in Shawnee, OK, ideal for investors.
      238 S Oklahoma Ave, Shawnee, OK 74801
      View Details

    FAQs

    What type of property is this?
    Retail space - 8,500 SF Retail Space - Downtown Shawnee
    Where is this retail space located?
    The property is located at 501 Main St Shawnee, OK.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 8,500 square foot storefront at 501 E Main St, Shawnee, OK 74801.; Class C retail building, two stories, built in 1920, asking price $275,000.; Flexible, open layout suitable for various commercial uses.
    (405) 275-8182 Call to check price and availability
    Request Owner's contact information
    501 Main St Shawnee, OK 74801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 Main St
    Shawnee, OK 74801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    501 Main St Shawnee, OK 74801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Pam O'Rorke
    Pam O'Rorke
    Real Estate License ID: 085026
    (405) 275-8182
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!