Retail Space Near Air Force
For Sale
Contact for pricing
212 S Air Depot Blvd, Oklahoma City, OK
Retail property with high traffic exposure near Tinker Air Force Base.
Property Size4,162 SF
Lot Size0.95 Acres
Price / SF$258.29
Days on Market1312
Property Features for 212 S Air Depot Blvd
General Information
Standard status
Active
Size
4,162 SF
Lot size
0.95 Acres
Property subtype
RETAIL
Listing Agency:
Herndon & Kelley Commercial Real Estate
Listed By:
Todd Herndon · License #076548
(405) 848-8099
Source:
Moodyscre
Added: Mar 30, 2023
Changed: Oct 25
Last Checked: Oct 30 at 3:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Herndon & Kelley Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property offers 4,162 square feet of space on a 0.9-acre lot. The property benefits from high north-south traffic exposure on Air Depot Boulevard and is located approximately 1.75 miles from Tinker Air Force Base. The annual rent is $62,400.00 (yearly average).
Key Highlights
- Annual rent is $62,400.00 (Yearly Average)
- Great exposure to high N/S traffic on Air Depot
- 1 ¾ miles to Tinker Air Force Base
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,158
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,643,160
$1.6M
Cap Rate 7%
$1,173,686
$1.2M
Cap Rate 9%
$912,867
$912.9K
Market Conditions
NOI Build-Up for 4,162 SF
Gross rent
$124.9K $30.00/SF
− Vacancy
−$7.5K −$1.80/SF
EGI
$117.4K $28.20/SF
− OpEx
−$35.2K −$8.46/SF
NOI
$82.2K $19.74/SF
Area
Oklahoma City, OK
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,643,160
Cap Rate 7%
$1,173,686
Cap Rate 9%
$912,867
Alternative Uses
Best Use
Retail
$1.17M
$1.03M – $1.37M
NOI $82,158 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.42M
$1.25M – $1.66M
NOI $99,638 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
173k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Apparel 24%
Groceries 11%
Shops & Services 7%
Ross Dress for Less
Apparel
23,201 visits/mo
0.1 miles
Braum's Ice Cream & Dairy Stores
Dining
20,471 visits/mo
0.3 miles
Aldi
Groceries
18,299 visits/mo
0.4 miles
Taco Casa
Dining
17,491 visits/mo
0.4 miles
SONIC Drive In
Dining
16,440 visits/mo
0.2 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with high traffic exposure near Tinker Air Force Base.
Where is this retail space located?
The property is located at 212 S Air Depot Blvd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Annual rent is $62,400.00 (Yearly Average); Great exposure to high N/S traffic on Air Depot; 1 ¾ miles to Tinker Air Force Base
