Corner Storefront
For Sale
$280,000
2000 S Midwest Boulevard, Midwest City, OK 73110
Commercial Sale, Midwest City, OK
Property Size1,604 SF
Lot Size0.45 Acres
Price / SF$174.56
Days on Market47
Property Features for 2000 S Midwest Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Property is on the east side of S Midwest Blvd, about midway between SE 29th St and SE 15th St
Standard status
Active
APN
2000SMidwest73110
Size
1,604 SF
Lot size
0.45 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1959
Listing Agency:
Metro Group Brokers
(405) 737-4700
Listed By:
Amy Taylor · License #173874
(918) 812-4733
Added: Jul 17
Changed: Aug 20
Last Checked: Sep 1 at 12:06AM
MLS# 1239798
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 1,604-square-foot storefront property occupies a 0.4526-acre corner site in Midwest City. Built in 1959, the building is currently arranged for salon use and offers a flexible floor plan suited to professional office, medical, retail, salon, or service businesses. Paved parking and public water and sewer are already in place.
The property provides approximately 192 feet of frontage with access from Phinney Dr. and Bradley Cir. Approximately 7,000 square feet of undeveloped land remains on the site, offering additional space subject to due diligence and subdivision requirements. The location is just north of the SE 29th retail corridor, with access to multiple Tinker AFB gates, I-40, and nearby commercial development.
The property provides approximately 192 feet of frontage with access from Phinney Dr. and Bradley Cir. Approximately 7,000 square feet of undeveloped land remains on the site, offering additional space subject to due diligence and subdivision requirements. The location is just north of the SE 29th retail corridor, with access to multiple Tinker AFB gates, I-40, and nearby commercial development.
Key Highlights
- 1,604 SF storefront building on a 0.4526‑acre corner lot
- Approximately 192 feet of frontage
- Approximately 7,000 SF of undeveloped land
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
$16,930
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
6.05%
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%
$338,600
$338.6K
Cap Rate 7%
$241,857
$241.9K
Cap Rate 9%
$188,111
$188.1K
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
−$7.3K −$4.52/SF
NOI
$16.9K $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 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%
$338,600
Cap Rate 7%
$241,857
Cap Rate 9%
$188,111
Alternative Uses
Best Use
Retail
$241.9K
$211.6K – $282.2K
NOI $16,930 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
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
37k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Apparel 27%
Home Improvements & Furnishings 3%
7-Eleven
Shops & Services
15,665 visits/mo
0.2 miles
Goodwill
Apparel
10,146 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,956 visits/mo
0.3 miles
Bank Of Oklahoma - Midwest City
Shops & Services
3,685 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,026 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Penny and Irene's Flowers & Gifts — 7556 SE 15th St, Midwest City, OK 73110
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial building with paved parking, dual street access, and a salon layout adaptable to several business uses.
Where is this storefront property 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 storefront building on a 0.4526‑acre corner lot; Approximately 192 feet of frontage; Approximately 7,000 SF of undeveloped land
