Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3424 NW 135th St Oklahoma City, OK 73120

    Sponsored
    For Sale
    $800,000

    High-end salon; prime location; high NOI.

    Property size:
    2,491 SF

    Property Features for 3424 NW 135th St

    General Information

    Property type
    Individual retail properties
    Investment Type
    value-add
    Square Feet
    2,491 SF
    Class
    B
    Elevators
    N/A
    Lot Size
    11,326 SF
    Net Operating Income
    $90,155

    Building Details

    Year Built
    2021
    Buildings
    1
    Stories
    1

    Overview

    Oklahoma City Salon Investment Opportunity

    Located in Oklahoma City, this free-standing 2,491 square foot building is currently operating as a high-end salon. Situated on a 0.26-acre lot, the property features luxurious finishes throughout its multiple rooms. The layout is spacious and well-designed. The location, just off Memorial Road, provides convenient access to both the Kilpatrick Turnpike and State Highway 74 (Lake Hefner Parkway), ensuring connectivity to the Oklahoma City metro area. The property generates a net operating income of $90,155. The building's serene atmosphere and abundant natural light create an inviting environment. This property is classified as individual retail, other office, and retail properties.

    We can help!

    Listing Contact
    Greg Banta

    Learn more

    Property Insight Report

    HighLights

    • Prime Oklahoma City location near Memorial Road, Kilpatrick Turnpike, and State Highway 74.
    • Free‑standing building, 2491 square feet, currently operating as a high‑end salon.
    • $800,000 asking price, generating $90,155 in net operating income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sugar and Shears at Oklahoma ... Hair Salon Ooh La La ... Hair Salon Hair by Mandy ... Hair Salon The Polished Peach Hair Salon Savannah Derritt Hair ... Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    State
    Oklahoma
    Longitude
    -97.580895
    Latitude
    35.607454

    Nearby Comparable

    • $659,000
      4,073 SF

      Evergreen Park Office Building Investment

      Prime 4,073 sq ft office building, 14 parking spaces
      9122 S Kedzie Ave, Evergreen Park, IL 60805
      View Details
    • $475,000
      0.24 Acres

      Oklahoma City Commercial Land

      Prime 0.24-acre medical development site.
      13924 Wireless Way, Oklahoma City, OK 73134
      View Details
    • $475,000

      Medical Development Site Available

      Land near Oklahoma Spine Hospital with architectural drawings complete.
      13924 Wireless Way, Oklahoma City, OK 73134
      View Details
    • $745,000

      Medical Development Site Available

      1.038 acre medical development site in Quail Springs.
      14020 Parkway Commons Dr, Oklahoma City, OK 73134
      View Details
    • $745,000
      1.04 Acres

      Parkway Commons Medical Land

      Prime 1-acre medical development site.
      14020 Parkway Commons Dr, Oklahoma City, OK 73134
      View Details
    • Contact for pricing
      128,500 SF

      Oklahoma City Call Center Opportunity

      128,500 SF call center with premium amenities in Oklahoma City.
      3201 Quail Springs Pkwy, Oklahoma City, OK 73134
      View Details
    • $1,250,000
      5,014 SF

      Spacious Office with Multiple Rooms

      Office space featuring reception area, multiple private offices, and restrooms.
      13819 Quail Pointe Dr, Oklahoma City, OK 73134
      View Details
    • $489,750
      3,265 SF

      Oklahoma City Office Space For Sale

      Modern office space in Northwest Oklahoma City, available for purchase.
      13917 Quail Pointe Dr, Oklahoma City, OK 73134
      View Details
    • Contact for pricing
      72,799 SF

      Offices at Quail Springs Center

      Two-story mixed-use office/retail center at a busy intersection.
      13601 N May Ave, Okc, OK 73120
      View Details
    • Contact for pricing
      1.00 Acre

      Oklahoma City Development Land

      Prime 1-acre C-3 commercial lot.
      2800 150Th St, Oklahoma City, OK 73134
      View Details
    • Contact for pricing
      3.00 Acres

      Quail Springs Development Land

      Oklahoma City commercial land, build-to-suit.
      2808 150Th St, Oklahoma City, OK 73134
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-end salon; prime location; high NOI.
    Where is this individual retail property located?
    The property is located at 3424 NW 135th St Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Prime Oklahoma City location near Memorial Road, Kilpatrick Turnpike, and State Highway 74.; Free-standing building, 2491 square feet, currently operating as a high-end salon.; $800,000 asking price, generating $90,155 in net operating income.
    (405) 823-3026
    Request Owner's contact information
    3424 NW 135th St Oklahoma City, OK 73120
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3424 NW 135th St
    Oklahoma City , OK 73120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3424 NW 135th St Oklahoma City, OK 73120
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Greg Banta
    (405) 823-3026
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!