Corner Retail
For Sale
$280,000
2000 S Midwest Boulevard, Midwest City, OK 73110
Flexible commercial building with paved parking and C-3 zoning near retail, interstate, and Tinker AFB access.
Property Size1,604 SF
Lot Size0.45 Acres
Price / SF$174.56
Days on Market92
Property Features for 2000 S Midwest Boulevard
General Information
Standard status
Active
Size
1,604 SF
Lot size
0.45 Acres
Property subtype
Investment
Zoning
C-3
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$957
Building Details
Building Size
1,604 SF
Year Built
1959
Buildings
1
Listing Agency:
Metro Group Brokers
Listed By:
Amy Taylor · License #173874
(918) 812-4733
Source:
Stetsonbentley
Added: Jul 17
Changed: Oct 5
Last Checked: Oct 15 at 7:56AM
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 Metro Group Brokers
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Investment Insights
Based on property information with market context.
This 1,604 SF commercial building, constructed in 1959, occupies an approximately 0.45-acre corner parcel. The property includes a flexible interior arrangement, paved parking, 192± feet of street frontage, and approximately 7,000 SF of undeveloped land. C-3 zoning and the existing improvements support a range of commercial applications, including office, medical, salon, retail, and service use as described for the property.
The site is located in Midwest City less than 5 minutes from multiple Tinker AFB gates, the SE 29th retail corridor, and I-40 access. The additional land may accommodate future expansion subject to buyer due diligence, subdivision, and City approval. The building is configured for owner-user occupancy and offers an existing commercial base with room for potential site development.
The site is located in Midwest City less than 5 minutes from multiple Tinker AFB gates, the SE 29th retail corridor, and I-40 access. The additional land may accommodate future expansion subject to buyer due diligence, subdivision, and City approval. The building is configured for owner-user occupancy and offers an existing commercial base with room for potential site development.
Key Highlights
- 1,604 SF commercial building constructed in 1959
- Approximately 0.45 acres with approximately 7,000 SF of undeveloped land
- 192± feet of street frontage on a corner site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,140
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,800
$362.8K
Cap Rate 7%
$259,143
$259.1K
Cap Rate 9%
$201,556
$201.6K
Market Conditions
NOI Build-Up for 1,604 SF
Gross rent
$26.8K $16.68/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$24.2K $15.08/SF
− OpEx
−$6.0K −$3.77/SF
NOI
$18.1K $11.31/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,800
Cap Rate 7%
$259,143
Cap Rate 9%
$201,556
Alternative Uses
Best Use
Office B
$259.1K
$226.8K – $302.3K
NOI $18,140 @ 7.0% cap · market cap 6.48%
Second Best
Retail
$241.9K
$211.6K – $282.2K
NOI $16,930 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$334.1K
$292.3K – $389.8K
NOI $23,386 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial building with paved parking and C-3 zoning near retail, interstate, and Tinker AFB access.
Where is this retail space located?
The property is located at 2000 S Midwest Boulevard Midwest City, OK.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,604 SF commercial building constructed in 1959; Approximately 0.45 acres with approximately 7,000 SF of undeveloped land; 192± feet of street frontage on a corner site
