Shopping Center Building with
For Sale
Contact for pricing
2103 W Britton Rd, Oklahoma City, OK 73120
For sale as part of Casady Square Shopping Center, offering office and open showroom-style suite configurations.
Property Size47,760 SF
Price / SF$166.46
Days on Market574
Property Features for 2103 W Britton Rd
General Information
Standard status
Active
Size
47,760 SF
Class
C
Total Parking Spaces
132
Property subtype
Office, Retail
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1973
Year Renovated
2018
Buildings
1
Stories
1
Listing Agency:
InterWest Realty
Listed By:
George W. Huffman · License #OK 049514
(405) 752-2525
Source:
Crexi
Added: Feb 10, 2025
Changed: Aug 31
Last Checked: Sep 7 at 7:12AM
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 InterWest Realty
Investment Insights
Based on property information with market context.
Part of Casady Square Shopping Center, this for-sale offering is one of three buildings that comprise the center. The property includes a range of suites configured to support office spaces as well as open showroom-style floor areas.
Casady Square is located directly west of Casady School Campus at 2103 W Britton Rd in Oklahoma City, OK. The center provides ample parking for customer and employee convenience.
This building presents a flexible option for an owner-user or investor seeking suite-level space within an established shopping center environment.
Casady Square is located directly west of Casady School Campus at 2103 W Britton Rd in Oklahoma City, OK. The center provides ample parking for customer and employee convenience.
This building presents a flexible option for an owner-user or investor seeking suite-level space within an established shopping center environment.
Key Highlights
- Part of Casady Square Shopping Center (Casady), with one of three buildings available for purchase
- Year built: 1973
- Available suite configurations include office and open showroom‑style spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$679,491
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,589,820
$13.6M
Cap Rate 7%
$9,707,014
$9.7M
Cap Rate 9%
$7,549,900
$7.5M
Market Conditions
NOI Build-Up for 47,760 SF
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.
Gross rent
$1.19M $24.96/SF
− Vacancy
−$286.1K −$5.99/SF
EGI
$906.0K $18.97/SF
− OpEx
−$226.5K −$4.74/SF
NOI
$679.5K $14.23/SF
Area
ZIP 73120
Vacancy
24.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,589,820
Cap Rate 7%
$9,707,014
Cap Rate 9%
$7,549,900
Alternative Uses
Best Use
Office B
$9.71M
$8.49M – $11.32M
NOI $679,491 @ 7.0% cap · market cap 8.55%
Second Best
Retail
$9.60M
$8.40M – $11.20M
NOI $671,763 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$11.50M
$10.06M – $13.41M
NOI $804,660 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73120, OK
36,530
Population
20,356
Households
1.8
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
3,321
Density / Sq Mi
$62,942
Median Household Income
$45,333
Median Earnings
$1,045
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
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Similar Off Market Nearby
- Britton Plaza — 2646 W Britton Rd, The Village, OK 73120
- Room 3 Vintage — 2632 w britton rd, oklahoma city, ok 73120
- CASADY SQUARE — 9401 N Pennsylvania Ave, The Village, OK 73120
- Village Plaza Shopping Center — The Village, OK 73120
Frequently Asked Questions
What type of property is this?
Shopping center - For sale as part of Casady Square Shopping Center, offering office and open showroom-style suite configurations.
Where is this shopping center located?
The property is located at 2103 W Britton Rd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Part of Casady Square Shopping Center (Casady), with one of three buildings available for purchase; Year built: 1973; Available suite configurations include office and open showroom‑style spaces
