Restaurant Building with Highway
For Sale
$344,000
9329 W Hwy 20 Road, Skiatook, OK 74070
A former dining property offers interior log finishes and an RV hookup.
Property Size2,079 SF
Lot Size1.13 Acres
Price / SF$165.46
Days on Market105
Property Features for 9329 W Hwy 20 Road
General Information
Standard status
Active
Size
2,079 SF
Lot size
1.13 Acres
Property subtype
Commercial
Zoning
Comm
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$968
Amenities
RV hook-up
Wet Bar
High Ceilings
Other
Vaulted Ceiling(s)
Ceiling Fan(s)
Building Details
Building Size
2,079 SF
Year Built
1991
Buildings
1
Stories
1
Construction
metal building
Listing Agency:
Lake Homes Realty, LLC
(866) 525-3466
Listed By:
Rebecca Brewer · License #127966
(918) 693-9557
Source:
1oakok
Added: Jul 21
Changed: Nov 2
Last Checked: Nov 2 at 2:33AM
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 Lake Homes Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,079-square-foot metal building, built in 1991, has interior log siding and received new paint inside and out. The property encompasses approximately 1 1/8 acres and is zoned commercial. It previously operated as a restaurant, and an RV hookup is located on the east side of the building.
The site fronts Highway 20 in Osage County and is less than one mile from Skiatook Lake. An additional 5 acres to the east is also available for sale.
The site fronts Highway 20 in Osage County and is less than one mile from Skiatook Lake. An additional 5 acres to the east is also available for sale.
Key Highlights
- 2,079‑square‑foot metal building built in 1991
- Approximately 1 1/8 acres, zoned Comm
- More than 100 feet of frontage on Hwy 20
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,225
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,500
$544.5K
Cap Rate 7%
$388,929
$388.9K
Cap Rate 9%
$302,500
$302.5K
Market Conditions
NOI Build-Up for 2,079 SF
Gross rent
$37.4K $18.00/SF
− Vacancy
−$1.1K −$0.54/SF
EGI
$36.3K $17.46/SF
− OpEx
−$9.1K −$4.37/SF
NOI
$27.2K $13.10/SF
Area
Tulsa County, OK
Vacancy
3.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,500
Cap Rate 7%
$388,929
Cap Rate 9%
$302,500
Alternative Uses
Best Use
Specialty Retail
$388.9K
$340.3K – $453.8K
NOI $27,225 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$468.5K
$410.0K – $546.6K
NOI $32,798 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74070, OK
15,407
Population
6,179
Households
2.5
Avg Household Size
40
Median Age
22%
College-Educated
90%
High-School Grad
195.9 sq mi
ZIP Area
79
Density / Sq Mi
$63,777
Median Household Income
$39,518
Median Earnings
$951
Median Rent
$208,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A former dining property offers interior log finishes and an RV hookup.
Where is this conventional restaurant located?
The property is located at 9329 W Hwy 20 Road Skiatook, OK.
What is the asking price?
The asking price for this property is $344,000.
What are key features of this property?
This property features: 2,079‑square‑foot metal building built in 1991; Approximately 1 1/8 acres, zoned Comm; More than 100 feet of frontage on Hwy 20
