Commercial Land with Existing
For Sale
$249,500
1475 S Sunnylane Road, Del City, OK 73115
Commercial Sale, Del City, OK
Property Size1,776 SF
Lot Size1.56 Acres
Price / SF$140.48
Days on Market126
Property Features for 1475 S Sunnylane Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
I-40 and S. Sunnylane Rd., South to the property on the West side of the Road.
Standard status
Active
APN
1475SSunnylane73115
Size
1,776 SF
Lot size
1.56 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Building materials
Frame
Listing Agency:
Dean Lemons & Associates
(405) 682-9505
Listed By:
Craig Ahrens · License #146322
(405) 503-0492
Added: Apr 20
Changed: Aug 21
Last Checked: Aug 23 at 2:06PM
MLS# 1224060
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land offering includes a 1,776-square-foot frame building constructed in 1970. The structure has natural gas heat, electric central air, public water, and public sewer. The parcel carries Del City’s Arterial-Commercial zoning designation, which allows numerous commercial uses.
Approximately 263 feet of frontage along S. Sunnylane Road is paired with two curb cuts. Interstate 40 is approximately 1,200 feet away, with access to eastbound and westbound on- and off-ramps. The site is positioned on a major north-south corridor reporting more than 13,000 vehicles per day.
Approximately 263 feet of frontage along S. Sunnylane Road is paired with two curb cuts. Interstate 40 is approximately 1,200 feet away, with access to eastbound and westbound on- and off-ramps. The site is positioned on a major north-south corridor reporting more than 13,000 vehicles per day.
Key Highlights
- 1.56 acres MOL with approximately 263' of frontage on S. Sunnylane Rd
- 1776sqft frame building constructed in 1970
- Two curb‑cuts provide access from S. Sunnylane Rd
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
$17,716
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
7.10%
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%
$354,320
$354.3K
Cap Rate 7%
$253,086
$253.1K
Cap Rate 9%
$196,844
$196.8K
Market Conditions
NOI Build-Up for 1,776 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
$26.6K $15.00/SF
− Vacancy
−$1.3K −$0.75/SF
EGI
$25.3K $14.25/SF
− OpEx
−$7.6K −$4.27/SF
NOI
$17.7K $9.98/SF
Area
Cleveland County, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$354,320
Cap Rate 7%
$253,086
Cap Rate 9%
$196,844
Alternative Uses
Best Use
Retail
$253.1K
$221.5K – $295.3K
NOI $17,716 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.7K
$382.2K – $509.5K
NOI $30,572 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 50%
Braum's Ice Cream & Dairy Stores
Dining
14,907 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,907 visits/mo
0.1 miles
SONIC Drive In
Dining
10,274 visits/mo
0.2 miles
Dollar General
Shops & Services
8,082 visits/mo
0.2 miles
Dunkin' Donuts
Dining
5,984 visits/mo
0.1 miles
Demographics for 73115, OK
20,880
Population
9,329
Households
2.2
Avg Household Size
36
Median Age
16%
College-Educated
90%
High-School Grad
5.9 sq mi
ZIP Area
3,539
Density / Sq Mi
$48,579
Median Household Income
$35,627
Median Earnings
$1,024
Median Rent
$111,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Arterial-Commercial zoning permits numerous commercial uses along a major north-south corridor.
Where is this commercial land located?
The property is located at 1475 S Sunnylane Road Del City, OK.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: 1.56 acres MOL with approximately 263' of frontage on S. Sunnylane Rd; 1776sqft frame building constructed in 1970; Two curb‑cuts provide access from S. Sunnylane Rd
