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    Property profile & analytics

    1906 W Broadway Ave Sulphur, OK 73086

    • Turn key restaurants
    • 2,128 SF
    • 1.06 lot acres
    For Sale
    View listing
    $499,000
    Last Sale
    Jun 03, 2020
    $600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0872119
    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

    • Phillips 66 / Gas Station

    Property Details for 1906 W Broadway Ave

    Year built
    1990
    Lot size
    1.06 lot acres
    Property size
    2,128 SF
    Property type
    Turn key restaurants
    APN
    0000-33-01N-03E-4-008-00
    APU
    00003301N03E400800

    Description

    This vacant, 2,100 square foot fast-food restaurant building, located at 1906 W Broadway Ave in Sulphur, Oklahoma, is available for sale at $549,000. Built in 1990 and renovated in 2018, the property sits on a one-acre lot, offering ample space for expansion or the addition of amenities. Previously occupied by a Golden Chick restaurant, this single-story building is zoned for commercial use and presents a turnkey opportunity for a new business venture. The property's location on Highway 7 provides excellent visibility and accessibility. The sale includes a five-year lease option. While the current net operating income is $0 due to vacancy, the property's prime location near Chickasaw National Park, Arbuckle Lake, and the Artesian Hotel and Casino offers significant potential for increased foot traffic and revenue. Addressing the sewer system replacement will further enhance the property's value. This is an ideal opportunity for an entrepreneur or investor looking to establish a thriving business in a vibrant area of Oklahoma. The asking price per square foot is $261.43.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $630,000
      ML approach
      $685,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $490,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sulphur
    County
    Murray
    State
    Oklahoma
    Longitude
    -96.9934
    Latitude
    34.5068

    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
    $1,767
    $1,100
    $17,903
    $19,003
    -
    $10,000
    $226,855
    $236,855

    Comparable in this City

    • Value Estimation by Request
      2,332 SF

      905 Broadway Ave

      RESTAURANT • 2,332 SF
      905 Broadway Ave, Sulphur, OK 73086-4409
      View Details
    • Value Estimation by Request
      4,932 SF

      329 Muskogee Ave

      RESTAURANT • 4,932 SF
      329 Muskogee Ave, Sulphur, OK 73086-4811
      View Details
    • Value Estimation
      $740,000
      14,736 SF

      Sulphur, OK 73086

      RESTAURANT • 14,736 SF
      Sulphur, OK 73086
      View Details
    • Value Estimation
      $850,000
      2,142 SF

      2416 Broadway Ave

      RESTAURANT • 2,142 SF
      2416 Broadway Ave, Sulphur, OK 73086-6500
      View Details
    • Value Estimation by Request
      4,655 SF

      1023 Broadway Ave

      RESTAURANT • 4,655 SF
      1023 Broadway Ave, Sulphur, OK 73086-4411
      View Details
    • Value Estimation by Request
      904 SF

      3133 Chickasaw Trl

      RESTAURANT • 904 SF
      3133 Chickasaw Trl, Sulphur, OK 73086-9323
      View Details

    Similar Nearby for Sale

    • $1,500,000
      1,534 SF

      Arbuckle Lake Area Restaurant

      Restaurant and Airbnb opportunity near Arbuckle Lake.
      3133 Chickasaw Trl, Sulphur, OK 73086
      View Details
    • $129,900
      0.23 Acres

      Commercial Lot in Sulphur, OK

      Corner commercial lot suitable for drive-through business in Sulphur, OK.
      1718 W Broadway Ave, Sulphur, OK 73086
      View Details
    • $499,000
      2,128 SF

      Sulphur, OK Commercial Building

      Commercial building on Hwy 7, Sulphur, OK, with high visibility.
      1906 W Broadway Ave, Sulphur, OK 73086
      View Details
    • $167,000
      1,251 SF

      Renovated Commercial Space in Sulphur

      Renovated commercial space suitable for retail, office, or studio.
      000 18Th St, Sulphur, OK 73086
      View Details
    • $99,500

      Home Near Arbuckle Lake

      3-bedroom home with a spacious two-bay shop near Arbuckle Lake.
      2488 Lavista Rd, Sulphur, OK 73086
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    • $325,000

      Prime Land Parcel For Sale

      22,500 sq ft parcel near Walmart Super Center.
      1215 W Broadway Ave, Sulphur, OK 73086
      View Details
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    1906 W Broadway Ave
    Sulphur, OK 73086
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    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
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