Retail Space Near Air Force
212 S Air Depot Blvd Oklahoma City, OK
For Sale
Contact for pricing
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 Market1217
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
(405) 848-8099
Listed By:
Todd Herndon · License #076548
(405) 848-8099
Source:
Moodyscre
Added: Mar 30, 2023
Changed: Jul 10
Last Checked: Jul 21 at 2:59AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.9k | $30.00 |
| − Vacancy | −$7.5k | −$1.80 |
| EGI | $117.4k | $28.20 |
| − OpEx | −$35.2k | −$8.46 |
| NOI | $82.2k | $19.74 |
4,162 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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
