Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    123 Broadway St Weatherford, OK 73096

    • Bowling alleys
    • 9,662 SF
    • 0.24 lot acres
    For Sale
    View listing
    $375,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1675141
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bowling alleys

    Property Details for 123 Broadway St

    Year built
    1950
    Lot size
    0.24 lot acres
    Property size
    9,662 SF
    Property type
    Bowling alleys
    APN
    0210-00-062-001-0-000-00
    APU
    21000062001000000

    Description

    This exceptional turnkey business opportunity in Weatherford, Oklahoma, presents a thriving bowling alley with 9,662 square feet on a 0.24-acre lot. Currently offering bowling and arcade games, the property boasts significant expansion potential. Imagine adding a full-service restaurant to the existing snack bar, expanding bar offerings, or installing the planned indoor mini-golf course. Further opportunities include developing a pickleball court and dedicated spaces for private parties or additional revenue streams. "Southwestern Lanes" enjoys a strong reputation for family-friendly entertainment and a welcoming atmosphere, ensuring a built-in customer base. The property benefits from a new roof installed in 2019, minimizing immediate maintenance concerns. The current owners are willing to assist with a smooth transition, providing valuable support and expertise to the new owner. Priced at $375,000, this is a rare chance to acquire an established, profitable business with substantial upside potential in a vibrant community. The property's versatile layout and existing infrastructure offer a solid foundation for growth and innovation, making it an attractive investment for entrepreneurs seeking a rewarding venture. This is more than just a bowling alley

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Weatherford
    County
    Custer
    State
    Oklahoma
    Longitude
    -98.7096
    Latitude
    35.5252
    CBSA code
    48220
    CBSA name
    WEATHERFORD, OK MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,844
    $2,228
    $16,592
    $18,820
    -
    $20,250
    $150,839
    $171,089

    Comparable in this City

    • Value Estimation by Request
      5,104 SF

      1400 Lera Dr

      Churches & religious facilities • 5,104 SF
      1400 Lera Dr, Weatherford, OK 73096
      View Details
    • Value Estimation
      $345,000
      6,500 SF

      200 Main St

      THEATER (MOVIE) • 6,500 SF
      200 Main St, Weatherford, OK 73096-4839
      View Details
    • Value Estimation
      $225,000
      12,675 SF

      23849 Rte 66th N

      THEATER (MOVIE) • 12,675 SF
      23849 Rte 66th N, Weatherford, OK 73096-3090
      View Details
    • Value Estimation by Request
      7,200 SF

      1750 Loomis Rd

      Distribution properties • 7,200 SF
      1750 Loomis Rd, Weatherford, OK 73096
      View Details
    • Value Estimation by Request
      4.00 Acres

      Rural Wford

      VACANT COMMERCIAL LAND • 4.00 Acres
      Rural Wford, Weatherford, OK 73096
      View Details
    • Value Estimation by Request
      0.26 Acres

      8th

      VACANT COMMERCIAL LAND • 0.26 Acres
      8th, Weatherford, OK 73096
      View Details

    Similar Nearby for Sale

    • $449,900
      5,104 SF

      Weatherford Mixed-Use Property

      Versatile 5,104 sq ft building, vacant.
      1400 Lera Dr, Weatherford, OK 73096
      View Details
    • $165,000
      3,475 SF

      Downtown Weatherford Commercial Space

      High-traffic retail building, prime location.
      119 Main St, Weatherford, OK 73096
      View Details
    • $195,000
      0.24 Acres

      Weatherford Nursery - Investment Opportunity

      Established Nursery, Ample Space, High Potential
      611 Clark Ave, Weatherford, OK 73096
      View Details
    • $495,000
      4,653 SF

      Weatherford Office Building - I-40 Frontage

      High-visibility office/retail space, excellent location.
      2301 Main St, Weatherford, OK 73096
      View Details
    • $85,000
      0.30 Acres

      Weatherford Commercial Lot & Shop

      Prime location, 0.3-acre lot with shop.
      201 Main St, Weatherford, OK 73096
      View Details
    • $410,000
      0.38 Acres

      Weatherford Commercial Land - Prime Location

      High-visibility pad site near major retailers.
      1320 Eagle Rd, Weatherford, OK 73096
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Near Walmart and I-40

      Prime commercial land near Walmart and new I-40 exit.
      1500 E Eagle Rd, Weatherford, OK 73096
      View Details
    • $1,200 /Mo
      1,200 SF

      Weatherford Retail Space For Rent

      Retail space in Weatherford, OK, renovated in 2016.
      1505 E Main St, Weatherford, OK 73096
      View Details
    • $22 SF/Yr
      6,972 SF

      Weatherford Retail Space For Lease

      Retail space available with drive-thru potential in Weatherford, OK.
      1301-1307 E Main St, Weatherford, OK 73096
      View Details
    • $16 SF/Yr
      3,385 SF

      Weatherford Retail Space For Rent

      High-visibility retail space with frontage on I-40 in Weatherford, OK.
      25254 S Frontage Rd, Weatherford, OK 73096
      View Details
    • Contact for pricing

      Land Near Walmart and University

      Commercial land available near Walmart and Southwestern Oklahoma State University.
      1260 E Eagle Rd, Weatherford, OK 73096
      View Details
    • Contact for pricing
      2,752 SF

      Drive-Thru Restaurant Sublease Opportunity

      Sublease opportunity with drive-thru in main retail corridor.
      925 E Main St, Weatherford, OK 73096
      View Details
    Request Owner's contact information
    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.
    123 Broadway St
    Weatherford, OK 73096
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.