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

    2827 Watermark Boulevard Oklahoma City, OK 73134

    View on Map
    Sponsored
    Source: https://www.naisullivangroup.com
    For Sale
    $9,800,000

    Prime Oklahoma City retail land, multiple tracts available.

    Property size:
    544,500 SF

    Property Features for 2827 Watermark Boulevard

    General Information

    Property type
    Other land
    Square Feet
    544,500 SF
    Price / Square Foot
    $17
    Elevators
    N/A
    Net Rentable
    544,500 SF
    Lot Size
    544,500 SF

    Overview

    Oklahoma City Retail Land Investment

    This commercial land investment opportunity is located in Oklahoma City, near a major regional mall, and offers multiple tracts ranging from 1 to 12.7 acres. The property is zoned commercial, allowing for diverse retail development opportunities. Tract 1 offers 3.56 acres, Tract 7 offers 3 acres, and Tract 7A offers 1 acre. Tract 8 comprises 0.68 acres. Tracts 4, 5, and 6 encompass 12.5 acres, 9 acres, and 12.7 acres respectively. The location provides high visibility and accessibility. Within a two-mile radius, there is an estimated 3,702,952 square feet of existing retail space. The property is located at 2827 Watermark Boulevard, Oklahoma City, OK 73134.

    We can help!

    Listing Contact
    David Hartnack

    Learn more

    HighLights

    • Multiple tracts available, ranging from 1 to 12.7 acres.
    • Prime Oklahoma City location near a major regional mall, offering high visibility.
    • Commercial zoning allows for diverse retail development opportunities; prices negotiable.
    Location Intelligence

    Current Use by Public Records

    Land

    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
    -97.534894
    Latitude
    35.514308

    Nearby Similar for Sale

    • $570,000
      3,597 SF

      Oklahoma City Commercial Opportunity

      Commercial property with high visibility in a high-traffic area.
      1045 SW 89Th St, Oklahoma City, OK 73139
      View Details
    • $650,000
      4,710 SF

      Income-Producing Restaurant and Retail Buildings

      Two buildings with long-term tenants and high-visibility signage.
      2415 SW 59Th St, Oklahoma City, OK 73119
      View Details
    • $775,000
      3,802 SF

      Oklahoma City Converted Office Estate

      3,802 SF office with historic charm and modern finishes.
      1123 NW 14Th St, Oklahoma City, OK 73106
      View Details
    • New
      $490,000
      4,238 SF

      Oklahoma City Commercial Office Building

      Commercial office building for sale in Oklahoma City, Oklahoma.
      1212 S Air Depot Blvd, Oklahoma City, OK 73110
      View Details
    • $650,000
      Pending

      Adaptable Commercial Property in OKC

      Versatile property suitable for retail, office, industrial, or storage.
      424 SE 29Th St, Oklahoma City, OK 73129
      View Details
    • Contact for pricing
      2,800 SF

      Prime Office Space in Oklahoma

      Flexible office space in a desirable Edmond location.
      207 E Memorial Rd, Oklahoma City, OK 73131
      View Details
    • New
      $255,000
      Pending

      Prime Commercial Space on Portland

      Move-in ready retail space with high visibility and foot traffic.
      3700 S Portland Ave, Oklahoma City, OK 73119
      View Details
    • New
      $3,000,000
      9,374 SF

      Oklahoma City Commercial Property

      Move-in ready facility suited for medical, school, or office use.
      14500 S Western Ave, Oklahoma City, OK 73170
      View Details
    • $435,000
      1,200 SF

      Oklahoma City Commercial Property For Sale

      Commercial property with metal building, convenient location, and ample space.
      1830 SE 29Th St, Oklahoma City, OK 73129
      View Details
    • New
      $179,000
      2,286 SF

      Commercial Building on Corner Lot

      Stand-alone commercial building ideal for retail or repair services.
      1101 SW 44Th St, Oklahoma City, OK 73109
      View Details
    • New
      $170,000
      2,100 SF

      Commercial Property in Stockyards City

      Flexible commercial space in a growing, accessible area of Oklahoma.
      2216 SW 14Th St, Oklahoma City, OK 73108
      View Details
    • $1,880,000
      Pending

      Oklahoma City Office Building on Acreage

      Freestanding office building on 7.17 acres near State Capitol.
      1900 NE 36Th St, Oklahoma City, OK 73111
      View Details

    FAQs

    What type of property is this?
    Land - Prime Oklahoma City retail land, multiple tracts available.
    Where is this land located?
    The property is located at 2827 Watermark Boulevard Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $9,800,000.
    What are key features of this property?
    This property features: Multiple tracts available, ranging from 1 to 12.7 acres.; Prime Oklahoma City location near a major regional mall, offering high visibility.; Commercial zoning allows for diverse retail development opportunities; prices negotiable.
    (405) 761-8955
    Request Owner's contact information
    2827 Watermark Boulevard Oklahoma City, OK 73134
    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.
    2827 Watermark Boulevard
    Oklahoma City, OK 73134
    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
    2827 Watermark Boulevard Oklahoma City, OK 73134
    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
    David Hartnack
    (405) 761-8955
    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!