Retail Building with Multiple
For Sale
Contact for pricing
2103-2113 W Britton Rd, Oklahoma City, OK 73120
Part of Casady Square Shopping Center, offering multiple suites with office and open showroom floor options.
Property Size47,760 SF
Price / SF$166.46
Days on Market436
Property Features for 2103-2113 W Britton Rd
General Information
Standard status
Active
Size
47,760 SF
Property subtype
RETAIL
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
InterWest Properties, Inc
(405) 752-2525
Listed By:
George Huffman · License #049514
(405) 409-4400
Source:
Moodyscre
Added: Jul 8, 2025
Changed: Sep 15
Last Checked: Sep 15 at 7:17AM
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 for-sale retail building is offered as part of Casady Square Shopping Center, which consists of three buildings. The available space includes a range of suites designed to support different business setups, including office spaces and open showroom floor configurations.
The center is described as a vibrant shopping destination directly west of the Casady School campus, with ample parking for customer convenience. The marketing also notes recent tenant increases.
As offered, this is a portfolio-style retail purchase within a multi-building shopping center setting, with suite variety intended to fit multiple operating needs.
The center is described as a vibrant shopping destination directly west of the Casady School campus, with ample parking for customer convenience. The marketing also notes recent tenant increases.
As offered, this is a portfolio-style retail purchase within a multi-building shopping center setting, with suite variety intended to fit multiple operating needs.
Key Highlights
- Part of Casady Square Shopping Center, one of three buildings that make up the center
- Multiple suites available with office space and open showroom floor options
- Located directly west of Casady School Campus
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
$671,763
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
8.45%
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%
$13,435,260
$13.4M
Cap Rate 7%
$9,596,614
$9.6M
Cap Rate 9%
$7,464,033
$7.5M
Market Conditions
NOI Build-Up for 47,760 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
$1.05M $21.96/SF
− Vacancy
−$89.1K −$1.87/SF
EGI
$959.7K $20.09/SF
− OpEx
−$287.9K −$6.03/SF
NOI
$671.8K $14.07/SF
Area
ZIP 73120
Vacancy
8.50%
Lease Rate
$21.96 /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%
$13,435,260
Cap Rate 7%
$9,596,614
Cap Rate 9%
$7,464,033
Alternative Uses
Best Use
Retail
$9.60M
$8.40M – $11.20M
NOI $671,763 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.50M
$10.06M – $13.41M
NOI $804,660 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
100k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Dining 35%
Shops & Services 20%
Home Improvements & Furnishings 8%
Walmart Neighborhood Market
Groceries
36,911 visits/mo
0.1 miles
Braum's Ice Cream & Dairy Stores
Dining
18,203 visits/mo
0.2 miles
7-Eleven
Shops & Services
14,455 visits/mo
0.1 miles
Westlake Ace Hardware
Home Improvements & Furnishings
7,956 visits/mo
0.4 miles
Arby's
Dining
6,982 visits/mo
0.2 miles
Demographics for 73120, OK
36,530
Population
20,356
Households
1.8
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
3,321
Density / Sq Mi
$62,942
Median Household Income
$45,333
Median Earnings
$1,045
Median Rent
$227,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Oklahoma City, OK
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Similar Off Market Nearby
- Britton Plaza — 2646 W Britton Rd, The Village, OK 73120
- Room 3 Vintage — 2632 w britton rd, oklahoma city, ok 73120
- CASADY SQUARE — 9401 N Pennsylvania Ave, The Village, OK 73120
- Village Plaza Shopping Center — The Village, OK 73120
Frequently Asked Questions
What type of property is this?
Shopping center - Part of Casady Square Shopping Center, offering multiple suites with office and open showroom floor options.
Where is this shopping center located?
The property is located at 2103-2113 W Britton Rd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Part of Casady Square Shopping Center, one of three buildings that make up the center; Multiple suites available with office space and open showroom floor options; Located directly west of Casady School Campus
