Renovated Shopping Center
For Sale
Contact for pricing
201 N Mustang Rd, Mustang, OK 73064
Shopping center built in 1976, renovated from 2016–2024, with 398 parking spaces on 9.46 acres.
Property Size89,530 SF
Lot Size9.46 Acres
Price / SF$108.34
Days on Market679
Property Features for 201 N Mustang Rd
General Information
Standard status
Active
Size
89,530 SF
Total Parking Spaces
398
Lot size
9.46 Acres
Property subtype
RETAIL
Building Details
Year Built
1976
Year Renovated
2024
Listing Agency:
InterWest Properties, Inc
(405) 752-2525
Listed By:
George Huffman · License #049514
(405) 409-4400
Source:
Moodyscre
Added: Dec 17, 2024
Changed: Oct 25
Last Checked: Oct 26 at 6:53PM
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 Properties, Inc
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Investment Insights
Based on property information with market context.
This shopping center was built in 1976 and has undergone renovations from 2016 through 2024. The property offers a net rentable area of 89,530 square feet and is situated on 9.46 acres.
The center is positioned on the northwest corner of US 152 and N Mustang Rd, providing convenient access for customers and visitors. Parking is available for up to 398 vehicles.
With its established size and completed renovation timeframe, this center presents a consolidated retail platform for buyers seeking an income-producing retail asset with on-site parking and substantial rentable area.
The center is positioned on the northwest corner of US 152 and N Mustang Rd, providing convenient access for customers and visitors. Parking is available for up to 398 vehicles.
With its established size and completed renovation timeframe, this center presents a consolidated retail platform for buyers seeking an income-producing retail asset with on-site parking and substantial rentable area.
Key Highlights
- Shopping center on the NW corner of US 152 & N Mustang Rd.
- Built in 1976 and renovated from 2016–2024.
- Net rentable area of 89,530 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$864,559
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,291,180
$17.3M
Cap Rate 7%
$12,350,843
$12.4M
Cap Rate 9%
$9,606,211
$9.6M
Market Conditions
NOI Build-Up for 89,530 SF
Gross rent
$1.29M $14.40/SF
− Vacancy
−$54.1K −$0.60/SF
EGI
$1.24M $13.80/SF
− OpEx
−$370.5K −$4.14/SF
NOI
$864.6K $9.66/SF
Area
Canadian County, OK
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,291,180
Cap Rate 7%
$12,350,843
Cap Rate 9%
$9,606,211
Alternative Uses
Best Use
Retail
$12.35M
$10.81M – $14.41M
NOI $864,559 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.49M
$17.06M – $22.74M
NOI $1,364,601 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
187k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 14%
Home Improvements & Furnishings 7%
Apparel 5%
McDonald's
Dining
28,730 visits/mo
0.2 miles
Braum's Ice Cream & Dairy Stores
Dining
20,968 visits/mo
0.1 miles
Whataburger
Dining
17,150 visits/mo
0.1 miles
SONIC Drive In
Dining
16,632 visits/mo
0.2 miles
Starbucks
Dining
14,602 visits/mo
0.2 miles
Demographics for 73064, OK
25,137
Population
10,285
Households
2.4
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
53.7 sq mi
ZIP Area
468
Density / Sq Mi
$93,861
Median Household Income
$51,699
Median Earnings
$1,280
Median Rent
$236,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- MUSTANG SHOPPING CENTER — 18 W Armstrong Dr, Mustang, OK 73064
- Mustang Trade Center — 170 N Mustang Rd, Mustang, OK 73064
- Coinstar Kiosk | Bitcoin ATM — HAC, 115 Hwy 152, Mustang, OK 73064
- Oklahoma City Gymnastics Mustang — 170 N Mustang Rd, Mustang, OK 73064
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center built in 1976, renovated from 2016–2024, with 398 parking spaces on 9.46 acres.
Where is this shopping center located?
The property is located at 201 N Mustang Rd Mustang, OK.
What is the asking price?
The asking price for this property is $9,700,000.
What are key features of this property?
This property features: Shopping center on the NW corner of US 152 & N Mustang Rd.; Built in 1976 and renovated from 2016–2024.; Net rentable area of 89,530 SF.
