Commercial Land with Existing
For Sale
$229,000
1475 S Sunnylane Road, Del City, OK 73115
Commercial Sale, Del City, OK
Property Size1,776 SF
Lot Size1.56 Acres
Price / SF$128.94
Days on Market155
Property Features for 1475 S Sunnylane Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
I-40 and S. Sunnylane Rd., South to the property on the West side of the Road.
Standard status
Active
APN
1475SSunnylane73115
Size
1,776 SF
Lot size
1.56 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Building materials
Frame
Listing Agency:
Dean Lemons & Associates
(405) 682-9505
Listed By:
Craig Ahrens · License #146322
(405) 503-0492
Added: Apr 20
Changed: Sep 4
Last Checked: Sep 21 at 10:06AM
MLS# 1224060
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land offering includes 1.562 acres and a 1776-square-foot frame building constructed in 1970. The structure has natural gas heat, electric cooling, public water, and public sewer. The parcel includes approximately 263 feet of frontage along S. Sunnylane Road and two curb-cuts. The existing building was formerly used by a pizza chain, while a separate water and ice business on the north end is excluded from the offering.
The property is approximately 1,200 feet from Interstate 40, including access to eastbound and westbound on- and off-ramps. S. Sunnylane Road functions as a major north-south corridor with more than 13,000 daily vehicles. Del City zoning is Arterial-Commercial, and the site is positioned for continued commercial use, renovation of the existing structure, or redevelopment.
The property is approximately 1,200 feet from Interstate 40, including access to eastbound and westbound on- and off-ramps. S. Sunnylane Road functions as a major north-south corridor with more than 13,000 daily vehicles. Del City zoning is Arterial-Commercial, and the site is positioned for continued commercial use, renovation of the existing structure, or redevelopment.
Key Highlights
- 1.562 acres of commercial land
- Approximately 263' of frontage on S. Sunnylane Road
- Two curb‑cuts provide roadway access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,716
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,320
$354.3K
Cap Rate 7%
$253,086
$253.1K
Cap Rate 9%
$196,844
$196.8K
Market Conditions
NOI Build-Up for 1,776 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.6K $15.00/SF
− Vacancy
−$1.3K −$0.75/SF
EGI
$25.3K $14.25/SF
− OpEx
−$7.6K −$4.27/SF
NOI
$17.7K $9.98/SF
Area
Cleveland County, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,320
Cap Rate 7%
$253,086
Cap Rate 9%
$196,844
Alternative Uses
Best Use
Retail
$253.1K
$221.5K – $295.3K
NOI $17,716 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.7K
$382.2K – $509.5K
NOI $30,572 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 50%
Braum's Ice Cream & Dairy Stores
Dining
14,907 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,907 visits/mo
0.1 miles
SONIC Drive In
Dining
10,274 visits/mo
0.2 miles
Dollar General
Shops & Services
8,082 visits/mo
0.2 miles
Dunkin' Donuts
Dining
5,984 visits/mo
0.1 miles
Demographics for 73115, OK
20,880
Population
9,329
Households
2.2
Avg Household Size
36
Median Age
16%
College-Educated
90%
High-School Grad
5.9 sq mi
ZIP Area
3,539
Density / Sq Mi
$48,579
Median Household Income
$35,627
Median Earnings
$1,024
Median Rent
$111,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Arterial-Commercial zoning, public utilities, and established roadway access create a flexible commercial land profile.
Where is this commercial land located?
The property is located at 1475 S Sunnylane Road Del City, OK.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1.562 acres of commercial land; Approximately 263' of frontage on S. Sunnylane Road; Two curb‑cuts provide roadway access
