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Altus Restaurant 1221 N Grady St 2,948 SF Retail Building Altus, OK 73521 $390,000 ($132.29/SF) 6.53% Cap Rate
Investment Highlights
- Income Producing
Executive Summary
Building and land for sale.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$28,800
|
$9.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$28,800
|
$9.77
|
| Taxes |
$1,350
|
$0.46
|
| Operating Expenses |
$2,000
|
$0.68
|
| Total Expenses |
$3,350
|
$1.14
|
| Net Operating Income |
$25,450
|
$8.63
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $28,800 |
| Annual Per SF | $9.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $28,800 |
| Annual Per SF | $9.77 |
| Taxes | |
|---|---|
| Annual | $1,350 |
| Annual Per SF | $0.46 |
| Operating Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $0.68 |
| Total Expenses | |
|---|---|
| Annual | $3,350 |
| Annual Per SF | $1.14 |
| Net Operating Income | |
|---|---|
| Annual | $25,450 |
| Annual Per SF | $8.63 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,948 SF
Year Built/Renovated
1960/2014
Price
$390,000
Price Per SF
$132.29
Cap Rate
6.53%
NOI
$25,450
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.47 AC
Zoning
C - Commercial - Restaurant
Parking
38 Spaces (12.89 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0010-00-009-005-0-001-00 | Total Assessment | $16,244 (2025) |
| Land Assessment | $4,680 (2025) | Annual Taxes | $1,350 ($0.46/SF) |
| Improvements Assessment | $11,564 (2025) | Tax Year | 2023 Payable 2024 |
Property Taxes
Parcel Number
0010-00-009-005-0-001-00
Land Assessment
$4,680 (2025)
Improvements Assessment
$11,564 (2025)
Total Assessment
$16,244 (2025)
Annual Taxes
$1,350 ($0.46/SF)
Tax Year
2023 Payable 2024
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