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 Market41
Property Features for 2000 S Midwest Boulevard
General Information
Standard status
Active
Size
1,604 SF
Lot size
0.45 Acres
Zoning
C-3
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1959
Buildings
1
Building Size
1,604 SF
Listing Agency:
Metro Group Brokers
(918) 812-4733
Listed By:
Amy Taylor · License #173874
Source:
Alloverok
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 30 at 8:09PM
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
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 = 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
$18,140
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
6.48%
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%
$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
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
$26.8K $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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
