Drive-Through Restaurant with
For Sale
$300,000
9411 NE 10th Street, Midwest City, OK 73130
Kitchen equipment and dining-room furnishings are included with the property.
Property Size1,858 SF
Days on Market192
Property Features for 9411 NE 10th Street
General Information
Standard status
Active
Size
1,858 SF
Total Parking Spaces
50
Property subtype
Restaurant
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$2,846
Building Details
Building Size
1,858 SF
Year Built
1973
Listing Agency:
Verbode
(405) 633-7171
Listed By:
Veronica Galaviz · License #160367
Source:
Stetsonbentley
Added: Feb 20
Changed: Aug 29
Last Checked: Aug 30 at 11:08PM
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 Verbode
Investment Insights
Based on property information with market context.
This drive-through restaurant property was built in 1973 and previously operated as a drive-in. The improvements include parking for approximately 50 vehicles and a range of attached restaurant equipment and furnishings. Kitchen items remaining with the property include refrigeration, vent hoods, and work tables. Dining-room chairs, tables, lighting, and fixtures are also included, along with restroom lights and fixtures.
The property is located at 9411 NE 10th Street in Midwest City, Oklahoma. Unattached refrigerators and freezers are reserved and are not included. The existing combination of restaurant infrastructure, customer seating furnishings, and vehicle parking provides a defined commercial restaurant configuration.
The property is located at 9411 NE 10th Street in Midwest City, Oklahoma. Unattached refrigerators and freezers are reserved and are not included. The existing combination of restaurant infrastructure, customer seating furnishings, and vehicle parking provides a defined commercial restaurant configuration.
Key Highlights
- Drive‑through restaurant property at 9411 NE 10th Street, Midwest City, OK 73130
- Parking for approximately 50 vehicles
- Attached kitchen refrigeration, vent hoods, and work tables remain
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,544
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,880
$390.9K
Cap Rate 7%
$279,200
$279.2K
Cap Rate 9%
$217,156
$217.2K
Market Conditions
NOI Build-Up for 1,858 SF
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.
Gross rent
$27.9K $15.00/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$26.1K $14.03/SF
− OpEx
−$6.5K −$3.51/SF
NOI
$19.5K $10.52/SF
Area
Oklahoma County, OK
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,880
Cap Rate 7%
$279,200
Cap Rate 9%
$217,156
Alternative Uses
Best Use
Specialty Retail
$279.2K
$244.3K – $325.7K
NOI $19,544 @ 7.0% cap · market cap 6.51%
Second Best
Industrial
$164.8K
$144.2K – $192.3K
NOI $11,537 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$387.0K
$338.6K – $451.5K
NOI $27,089 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Electronics 38%
Dollar General
Shops & Services
4,468 visits/mo
0.1 miles
Cricket Wireless Authorized Retailer
Electronics
2,797 visits/mo
0.4 miles
Demographics for 73130, OK
21,536
Population
9,222
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
2,154
Density / Sq Mi
$69,617
Median Household Income
$41,798
Median Earnings
$1,143
Median Rent
$195,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Kitchen equipment and dining-room furnishings are included with the property.
Where is this drive through restaurant located?
The property is located at 9411 NE 10th Street Midwest City, OK.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Drive‑through restaurant property at 9411 NE 10th Street, Midwest City, OK 73130; Parking for approximately 50 vehicles; Attached kitchen refrigeration, vent hoods, and work tables remain
