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Altus Restaurant 1221 N Grady St 2,948 SF Retail Building Altus, OK 73521 $540,201 CAD ($183.24 CAD/SF) 6.53% Cap Rate
Investment Highlights
- Income Producing
Executive Summary
Building and land for sale.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$39,892
|
$13.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,892
|
$13.53
|
| Taxes |
$1,870
|
$0.63
|
| Operating Expenses |
$2,770
|
$0.94
|
| Total Expenses |
$4,640
|
$1.57
|
| Net Operating Income |
$35,252
|
$11.96
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $39,892 |
| Annual Per SF | $13.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $39,892 |
| Annual Per SF | $13.53 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,870 |
| Annual Per SF | $0.63 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,770 |
| Annual Per SF | $0.94 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,640 |
| Annual Per SF | $1.57 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $35,252 |
| Annual Per SF | $11.96 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,948 SF
Year Built/Renovated
1960/2014
Price
$540,201 CAD
Price Per SF
$183.24 CAD
Cap Rate
6.53%
NOI
$35,252 CAD
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 | $22,529 CAD (2025) |
| Land Assessment | $6,491 CAD (2025) | Annual Taxes | $1,870 CAD ($0.63 CAD/SF) |
| Improvements Assessment | $16,038 CAD (2025) | Tax Year | 2023 Payable 2024 |
Property Taxes
Parcel Number
0010-00-009-005-0-001-00
Land Assessment
$6,491 CAD (2025)
Improvements Assessment
$16,038 CAD (2025)
Total Assessment
$22,529 CAD (2025)
Annual Taxes
$1,870 CAD ($0.63 CAD/SF)
Tax Year
2023 Payable 2024
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Altus Restaurant | 1221 N Grady St
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