Sign Up Successful!
You now have access to more from Realmo!
    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

    2403 I 44 Service Rd Oklahoma City, OK 73112

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,100,000

    2.59 acres with 12,000 SF building, ideal for redevelopment.

    Lot size:
    2.39 Acres

    Property Features for 2403 I 44 Service Rd

    General Information

    Lot size
    2.39 Acres

    We can help!

    Listing Contact
    Brad Rice
    Brad Rice
    Source: Moodyscre

    Listing Agent: Brad Rice

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Redevelopment Opportunity with Highway Frontage

    This property presents a redevelopment opportunity with frontage on the north side of Interstate 44. The site encompasses approximately 2.59 acres and includes a 12,000 square-foot Class C office building. The property is zoned C-3 and is suited for redevelopment, offering high visibility and an excellent location with Interstate 44 frontage.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.554367
    Latitude
    35.511647

    Nearby Similar for Sale

    • $304,999
      Pending

      Renovated Duplex in Central OKC

      Fully renovated duplex with modern upgrades and central location.
      2809 NW 22Nd St, Oklahoma City, OK 73107
      View Details
    • $220,000
      1,955 SF

      Updated Duplex in Oklahoma City

      Two dwellings, updated main house, additional rental income stream.
      3836 NW Liberty St, Oklahoma City, OK 73107
      View Details
    • New
      $400,000
      2,011 SF

      Updated Craftsman Home with Garage Apartment

      Charming updated Craftsman with detached garage apartment in Oklahoma City.
      3123 NW 17Th St, Oklahoma City, OK 73107
      View Details
    • Contact for pricing
      3,024 SF

      Oklahoma City Office Space Available

      Professional office spaces available in The Village neighborhood.
      2812 W Hefner Rd, Oklahoma City, OK 73120
      View Details
    • $170,000
      2,122 SF

      Multifamily Property with ADU Potential

      Multifamily property with additional dwelling unit near I-35.
      2325 E Madison St, Oklahoma City, OK 73111
      View Details
    • $260,000
      Pending

      Oklahoma City Duplex Investment Property

      Fully occupied duplex in Oklahoma City with active leases.
      6713 Lyrewood Ln, Oklahoma City, OK 73132
      View Details
    • New
      $580,000
      3,597 SF

      Oklahoma City Commercial Opportunity

      Commercial property on SW 89th St with high visibility.
      1045 SW 89Th St, Oklahoma City, OK 73139
      View Details
    • New
      $299,000
      Pending

      Refurbished Duplex in Prime Location

      Turn-key duplex near OU medical, State Capitol, and downtown.
      1000 NE 19Th St, Oklahoma City, OK 73111
      View Details
    • $1,190,000
      11,948 SF

      Oklahoma City Multifamily Investment Property

      16-unit multifamily property with immediate income and long-term potential.
      1731 NW 32Nd St, Oklahoma City, OK 73118
      View Details
    • $625,000
      Pending

      Paseo District Income Property

      Single-family home and updated four-plex in Oklahoma City's Paseo District.
      440 NW 28Th St, Oklahoma City, OK 73103
      View Details
    • New
      $345,000
      Pending

      Remodeled Duplex: Investor's Dream

      Fully remodeled duplex in Oklahoma City with income potential.
      8404 Candlewood Dr, Oklahoma City, OK 73132
      View Details
    • $400,000
      Pending

      Versatile Commercial Property in Oklahoma

      Adaptable commercial property in a high-traffic Oklahoma City location.
      5835 S Pennsylvania Ave, Oklahoma City, OK 73119
      View Details

    FAQs

    What type of property is this?
    Land - 2.59 acres with 12,000 SF building, ideal for redevelopment.
    Where is this land located?
    The property is located at 2403 I 44 Service Rd Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Excellent location with Interstate 44 frontage; - Redevelopment opportunity with Interstate 44 frontage.; - Approximately 2.59 acres of land.
    (918) 269-8586
    Request Owner's contact information
    2403 I 44 Service Rd Oklahoma City, OK 73112
    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.
    2403 I 44 Service Rd
    Oklahoma City, OK 73112
    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
    2403 I 44 Service Rd Oklahoma City, OK 73112
    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
    Brad Rice
    Brad Rice
    (918) 269-8586
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.