Retail Building with Highway
For Sale
$344,000
9329 W Hwy 20, Skiatook, OK 74070
A metal building with refreshed interior and exterior finishes is available for a commercial business near Skiatook Lake.
Property Size2,079 SF
Lot Size1.13 Acres
Price / SF$165.46
Days on Market105
Property Features for 9329 W Hwy 20
General Information
Standard status
Active
Size
2,079 SF
Total Parking Spaces
150
Lot size
1.13 Acres
Property subtype
Retail
Zoning
C-2
Occupancy
100%
Net Operating Income
$185,000
Space & Availability
Floor
Ground
Furnished
Yes
Financials
Asking Price
$5,345,000
Cap Rate
5.2%
Business Included
Yes
Opportunity Zone
Yes
Site & Location
Frontage
75 ft
End Cap
No
Drive-Thru
No
Pylon Signage
Yes
Traffic Count
12,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Restaurant
Seating Capacity
180
Hood Type
Type I
Commercial Hood
Yes
Grease Trap
Yes
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Sprinkler System
Yes
Amenities
RV hook-up
Building Details
Year Built
1991
Year Renovated
2020
Buildings
1
Stories
2
Construction
Metal Building
Tenancy
Single
Parking Ratio
4.17 per 1,000 SF
Abandoned
No
Listing Agency:
Lake Homes Realty, LLC
(866) 525-3466
Listed By:
Rebecca Brewer · License #127966
(918) 693-9557
Source:
Spiritrealtygroup
Added: Jul 21
Changed: Nov 1
Last Checked: Nov 1 at 4:26PM
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 1991 metal building sits on 1 1/8 acres, with restored log siding inside and new paint throughout the interior and exterior. The property was formerly used as a restaurant and has an RV hookup on the east side. It is offered for sale, with a possible lease also noted.
The site fronts Hwy 20 with over 100 feet of frontage and is less than 1 mile from Skiatook Lake. Downtown Metro-Plex and BOK are approximately 30 minutes away. The property is commercially zoned in Osage County. An additional 5 acres to the east is separately available for sale.
The site fronts Hwy 20 with over 100 feet of frontage and is less than 1 mile from Skiatook Lake. Downtown Metro-Plex and BOK are approximately 30 minutes away. The property is commercially zoned in Osage County. An additional 5 acres to the east is separately available for sale.
Key Highlights
- 1 1/8 acres M/L
- Over 100ft Hwy 20 frontage
- Less than 1 mile from Skiatook Lake
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,175
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,500
$423.5K
Cap Rate 7%
$302,500
$302.5K
Cap Rate 9%
$235,278
$235.3K
Market Conditions
NOI Build-Up for 2,079 SF
Gross rent
$31.2K $15.00/SF
− Vacancy
−$936 −$0.45/SF
EGI
$30.2K $14.55/SF
− OpEx
−$9.1K −$4.36/SF
NOI
$21.2K $10.18/SF
Area
Tulsa County, OK
Vacancy
3.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,500
Cap Rate 7%
$302,500
Cap Rate 9%
$235,278
Alternative Uses
Best Use
Retail
$302.5K
$264.7K – $352.9K
NOI $21,175 @ 7.0% cap · market cap 6.16%
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
12,500 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
Yes
Grease trap
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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?
Retail space - A metal building with refreshed interior and exterior finishes is available for a commercial business near Skiatook Lake.
Where is this retail space located?
The property is located at 9329 W Hwy 20 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: 1 1/8 acres M/L; Over 100ft Hwy 20 frontage; Less than 1 mile from Skiatook Lake
