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Retail Space in Growing Area
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251 E Waterloo Rd, Edmond, OK 73034

Former dispensary space in a high-growth area with ample parking.

Space Size1,420 SF
Days on Market492

Property Features for 251 E Waterloo Rd

General Information

Standard status Active
Size 1,420 SF
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 251 E Waterloo Rd
251 E Waterloo Rd $16/SF/Yr
Floor 1
Size 1,420 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Additional 2,480 SF Available at Neighboring Property - Abundant Parking Available - High-Income Residential Growth - Excellent Co-Tenants - Monument Signage - Dispensary Allowed
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Listing Agency: Fleske Commercial Group
Listed By: Emily Duncan Belusko · License #205976
Source: Moodyscre
Added: Jun 9, 2025 Changed: Oct 12 Last Checked: Oct 12 at 9:54PM

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 Fleske Commercial Group

Investment Insights

Based on property information with market context.

Located within the Market at Cedar Lake shopping center, this former dispensary space benefits from favorable financial demographics and established, long-term tenants. The retail strip, under local ownership and management, is situated on a spacious lot with extensive parking facilities and a diverse tenant mix. Monument signage opportunities are available along the street frontage. The surrounding area of Edmond is experiencing significant growth and development.

Key Highlights

  • Located in a high‑growth area of Edmond.
  • Situated in the Market at Cedar Lake shopping center.
  • Excellent financial demographics surround the location.

Property Analytics

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Current Use

City Limit Donuts Bakery The Farmacy Dispensary (Bike/Boat/Book/etc) Store Stacey's Place Restaurant Leslie's (Bike/Boat/Book/etc) Store Stacy's Place Restaurant

Suggested Use

Top Pick Dental Office Auto Parts Store Pharmacy Electrical Service Building Supply Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

147
Businesses Nearby
14k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 81% Shops & Services 14% Home Improvements & Furnishings 5%
SONIC Drive In Dining
9,077 visits/mo 0.2 miles
SUBWAY Dining
2,429 visits/mo 0.0 miles
F&M Bank Shops & Services
1,350 visits/mo 0.0 miles
Leslie's Pool Supplies Home Improvements & Furnishings
770 visits/mo 0.1 miles
Jake's Fireworks Shops & Services
665 visits/mo 0.3 miles

Demographics for 73034, OK

47,553
Population
18,727
Households
2.5
Avg Household Size
37
Median Age
59%
College-Educated
96%
High-School Grad
51.7 sq mi
ZIP Area
920
Density / Sq Mi
$113,296
Median Household Income
$52,163
Median Earnings
$1,203
Median Rent
$368,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Edmond, OK

$18.29 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
5,065 SF
Avg Space Size

This space is priced 12% below the average of $18.29 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Former dispensary space in a high-growth area with ample parking.
Where is this retail space located?
The property is located at 251 E Waterloo Rd Edmond, OK.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Located in a high‑growth area of Edmond.; Situated in the Market at Cedar Lake shopping center.; Excellent financial demographics surround the location.
(405) 514-5685 Call to check price and availability
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