Four-Unit Retail
New
For Sale
$2,600,000
1444 N Kelly Ave, Edmond, OK 73003
The 2008 property has existing tenants, additional leasable space, and access from N Kelly Ave.
Property Size10,268 SF
Price / SF$253.21
Days on Market2
Property Features for 1444 N Kelly Ave
General Information
Standard status
Active
Size
10,268 SF
Class
B
Property subtype
Retail - Street Retail
Additional Details
Road Access
Yes
Building Details
Building Size
10,268 SF
Year Built
2008
Year Renovated
2021
Units
4
Tenancy
Multi
Listing Agency:
Creek Commercial Realty
Listed By:
AJ Tolbert · License #179422
(405) 510-0079
Source:
Commercialcafe
Added: Oct 4
Last Checked: Oct 5 at 3:27PM
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 Creek Commercial Realty
Investment Insights
Based on property information with market context.
At 1444 N Kelly Ave in Edmond, this retail center contains 10,268 square feet arranged across four units. Built in 2008, the property has tenants in place as well as space available for lease.
The center is located along N Kelly Ave, with parking on site. The surrounding area includes residential neighborhoods, retail, service, and commercial uses.
The center is located along N Kelly Ave, with parking on site. The surrounding area includes residential neighborhoods, retail, service, and commercial uses.
Key Highlights
- 10,268 SF retail center configured as four units
- Built in 2008
- Existing tenancy with additional space available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,380
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,167,600
$2.2M
Cap Rate 7%
$1,548,286
$1.5M
Cap Rate 9%
$1,204,222
$1.2M
Market Conditions
NOI Build-Up for 10,268 SF
Gross rent
$171.3K $16.68/SF
− Vacancy
−$16.4K −$1.60/SF
EGI
$154.8K $15.08/SF
− OpEx
−$46.4K −$4.52/SF
NOI
$108.4K $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%
$2,167,600
Cap Rate 7%
$1,548,286
Cap Rate 9%
$1,204,222
Alternative Uses
Best Use
Retail
$1.55M
$1.35M – $1.81M
NOI $108,380 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,704 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
182k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 37%
Home Improvements & Furnishings 7%
Hobby Lobby
Shops & Services
38,404 visits/mo
0.4 miles
McDonald's
Dining
27,349 visits/mo
0.2 miles
Starbucks
Dining
18,365 visits/mo
0.2 miles
7-Eleven
Shops & Services
16,101 visits/mo
0.2 miles
Hallmark
Shops & Services
13,107 visits/mo
0.3 miles
Demographics for 73003, OK
22,648
Population
9,760
Households
2.3
Avg Household Size
36
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,061
Density / Sq Mi
$76,957
Median Household Income
$45,176
Median Earnings
$1,338
Median Rent
$230,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - The 2008 property has existing tenants, additional leasable space, and access from N Kelly Ave.
Where is this strip mall located?
The property is located at 1444 N Kelly Ave Edmond, OK.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 10,268 SF retail center configured as four units; Built in 2008; Existing tenancy with additional space available
