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Property profile & analytics
FOR SALE
Turn key restaurants
1906 W Broadway Ave Sulphur, OK 73086
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US69-0872119
For Sale
1 / 24
$499,000
1906 W Broadway Ave, Sulphur, OK 73086
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Total area
2,128 SF
Lot
1.06 ac (46,174 SF)
APN
0000-33-01N-03E-4-008-00
UPID
US69-0872119
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Phillips 66 Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Backer Ok Holdings LLC · 6 yrs held
Backer Ok Holdings LLC
since 2020
Last sale
$600,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$490,000
+72.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sulphur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sulphur submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$630,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$490,000
Change: +72% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $600k (Jun 3 2020)
Last sale anchor
$600k
Jun 3 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$287 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,767
Tax year 2023
Assessed value
$19,003
Assessed 2023
Previous assessed
$19,003
+0.0% YoY
Effective rate
9.30%
On assessed value
Assessed land
$1,100
Assessed improvement
$17,903
Land market value
$10,000
Improvement market value
$226,855
Total market value
$236,855
Applied tax rate
201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1990
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
2,128 SF
Lot
1.06 ac (46,174 SF)
APN
0000-33-01N-03E-4-008-00
UPID
US69-0872119
Jurisdiction
MURRAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$490,000
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Backer Ok Holdings LLC
Entity
Mailing address
3825 GRIFBRICK DR, PLANO, TX 75075-1515
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2020
$600,000
Backer Ok Holdings LLC
Gfc Lease III INC
Venders Lien
$600,000 · Gfc Lease III INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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