Renovated Shopping Center
201 N Mustang Rd Mustang, OK 73064
For Sale
Contact for pricing
Shopping center built in 1976, renovated from 2016–2024, with 398 parking spaces on 9.46 acres.
Property Size89,530 SF
Lot Size9.46 Acres
Price / SF$108.34
Days on Market588
Property Features for 201 N Mustang Rd
General Information
Standard status
Active
Size
89,530 SF
Lot size
9.46 Acres
Property subtype
RETAIL
Listing Agency:
InterWest Properties, Inc
(405) 409-4400
Listed By:
George Huffman · License #049514
(405) 409-4400
Source:
Moodyscre
Added: Dec 17, 2024
Changed: Jul 26
Last Checked: Jul 26 at 2:21PM
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 InterWest Properties, Inc
Investment Insights
Based on property information with market context.
This shopping center was built in 1976 and has undergone renovations from 2016 through 2024. The property offers a net rentable area of 89,530 square feet and is situated on 9.46 acres.
The center is positioned on the northwest corner of US 152 and N Mustang Rd, providing convenient access for customers and visitors. Parking is available for up to 398 vehicles.
With its established size and completed renovation timeframe, this center presents a consolidated retail platform for buyers seeking an income-producing retail asset with on-site parking and substantial rentable area.
The center is positioned on the northwest corner of US 152 and N Mustang Rd, providing convenient access for customers and visitors. Parking is available for up to 398 vehicles.
With its established size and completed renovation timeframe, this center presents a consolidated retail platform for buyers seeking an income-producing retail asset with on-site parking and substantial rentable area.
Key Highlights
- Shopping center on the NW corner of US 152 & N Mustang Rd.
- Built in 1976 and renovated from 2016–2024.
- Net rentable area of 89,530 SF.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.29M | $14.40 |
| − Vacancy | −$54.1k | −$0.60 |
| EGI | $1.24M | $13.80 |
| − OpEx | −$370.5k | −$4.14 |
| NOI | $864.6k | $9.66 |
89,530 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$12.35M
$10.81M – $14.41M
NOI $864,559 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.49M
$17.06M – $22.74M
NOI $1,364,601 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- MUSTANG SHOPPING CENTER — 18 W Armstrong Dr, Mustang, OK 73064
- Mustang Trade Center — 170 N Mustang Rd, Mustang, OK 73064
- Oklahoma City Gymnastics Mustang — 170 N Mustang Rd, Mustang, OK 73064
- Coinstar Kiosk | Bitcoin ATM — HAC, 115 Hwy 152, Mustang, OK 73064
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center built in 1976, renovated from 2016–2024, with 398 parking spaces on 9.46 acres.
Where is this shopping center located?
The property is located at 201 N Mustang Rd Mustang, OK.
What is the asking price?
The asking price for this property is $9,700,000.
What are key features of this property?
This property features: Shopping center on the NW corner of US 152 & N Mustang Rd.; Built in 1976 and renovated from 2016–2024.; Net rentable area of 89,530 SF.
