Retail Suite in 7-11 Strip
1387 E Memorial Road, Edmond, OK 73131
For Sale
Contact for pricing
The white-boxed space includes a private bathroom and is ready for tenant build-out.
Property Size7,565 SF
Price / SF$0.23
Days on Market1963
Property Features for 1387 E Memorial Road
General Information
Standard status
Size
Property subtype
Zoning
Amenities
private bathroom
Building Details
Building Size
Year Built
Listing Agency:
Skybridge Real Estate
(405) 838-1761
Listed By:
Heather Rainer · License OK #154115
(405) 922-0809
Source:
Jsherryrealestate
Added: Jun 30, 2021
Changed: Nov 12
Last Checked: Nov 13 at 3:38PM
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 Skybridge Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 7,565-square-foot retail suite is available within a strip center built in 2019. The space is delivered in white-box condition, includes a private bathroom, and is ready for tenant build-out. Commercial zoning applies.
The property is at 1387 E Memorial Road in Edmond, within an area described as high traffic. Lease term and tenant improvement arrangements are negotiable; the tenant is responsible for base rent and utilities.
The property is at 1387 E Memorial Road in Edmond, within an area described as high traffic. Lease term and tenant improvement arrangements are negotiable; the tenant is responsible for base rent and utilities.
Key Highlights
- 7,565‑square‑foot retail suite
- Built in 2019
- White‑box condition with a private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,849
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,980
$1.6M
Cap Rate 7%
$1,140,700
$1.1M
Cap Rate 9%
$887,211
$887.2K
Market Conditions
NOI Build-Up for 7,565 SF
Gross rent
$126.2K $16.68/SF
− Vacancy
−$12.1K −$1.60/SF
EGI
$114.1K $15.08/SF
− OpEx
−$34.2K −$4.52/SF
NOI
$79.8K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,980
Cap Rate 7%
$1,140,700
Cap Rate 9%
$887,211
Alternative Uses
Best Use
Retail
$1.14M
$998.1K – $1.33M
NOI $79,849 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,296 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 56%
Shops & Services 44%
Tractor Supply Co.
Home Improvements & Furnishings
17,141 visits/mo
0.5 miles
7-Eleven
Shops & Services
13,790 visits/mo
0.0 miles
Harbor Freight Tools
Home Improvements & Furnishings
12,624 visits/mo
0.5 miles
Discount Tire Store
Shops & Services
4,926 visits/mo
0.5 miles
CarMax
Shops & Services
4,666 visits/mo
0.2 miles
Demographics for 73131, OK
3,453
Population
1,541
Households
2.2
Avg Household Size
42
Median Age
45%
College-Educated
98%
High-School Grad
12.0 sq mi
ZIP Area
288
Density / Sq Mi
$118,375
Median Household Income
$60,417
Median Earnings
$2,060
Median Rent
$299,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Oklahoma County, OK
Properties on Market for Retail space in Oklahoma County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The white-boxed space includes a private bathroom and is ready for tenant build-out.
Where is this retail space located?
The property is located at 1387 E Memorial Road Edmond, OK.
What are key features of this property?
This property features: 7,565‑square‑foot retail suite; Built in 2019; White‑box condition with a private bathroom
