C-3 Retail Storefront
For Sale
Contact for pricing
3637 N Pennsylvania Ave, Oklahoma City, OK 73112
Owner-occupied retail property with an additional mobile communications occupant and included operating business inventory.
Property Size3,831 SF
Price / SF$313.23
Days on Market299
Property Features for 3637 N Pennsylvania Ave
General Information
Standard status
Active
Size
3,831 SF
Class
C
Total Parking Spaces
17
Property subtype
Retail
Zoning
C-3 (Retail Trade)
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$158,235
Building Details
Year Built
2001
Year Renovated
2018
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Realty ONE Group Dreamers
(918) 381-2555
Listed By:
Mary Benway · License #205479
Source:
Crexi
Added: Nov 6, 2025
Changed: Aug 30
Last Checked: Sep 1 at 3:13AM
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 Realty ONE Group Dreamers
Investment Insights
Based on property information with market context.
This fee-simple retail storefront contains 3,831 square feet and was constructed in 2001. The property is occupied by Crown Liquor on an owner-occupied basis, with Cricket Mobile also operating on the premises. The transaction includes the operating liquor business and its inventory.
Zoned C-3 (Retail Trade), the property is positioned for continued retail use in Oklahoma City. Its existing occupancy and operating business provide an established commercial configuration for an owner-user or purchaser seeking a retail asset with business operations in place.
Zoned C-3 (Retail Trade), the property is positioned for continued retail use in Oklahoma City. Its existing occupancy and operating business provide an established commercial configuration for an owner-user or purchaser seeking a retail asset with business operations in place.
Key Highlights
- 3,831‑square‑foot retail storefront
- Built in 2001
- Zoned C‑3 (Retail Trade)
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
$75,624
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
6.30%
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%
$1,512,480
$1.5M
Cap Rate 7%
$1,080,343
$1.1M
Cap Rate 9%
$840,267
$840.3K
Market Conditions
NOI Build-Up for 3,831 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
$114.9K $30.00/SF
− Vacancy
−$6.9K −$1.80/SF
EGI
$108.0K $28.20/SF
− OpEx
−$32.4K −$8.46/SF
NOI
$75.6K $19.74/SF
Area
Oklahoma City, OK
Vacancy
6.00%
Lease Rate
$30.00 /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%
$1,512,480
Cap Rate 7%
$1,080,343
Cap Rate 9%
$840,267
Alternative Uses
Best Use
Retail
$1.08M
$945.3K – $1.26M
NOI $75,624 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,714 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 35%
Apparel 18%
Electronics 2%
Braum's Ice Cream & Dairy Stores
Dining
20,619 visits/mo
0.4 miles
Oklahoma City18
Shops & Services
13,076 visits/mo
0.4 miles
Goodwill
Apparel
10,715 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,885 visits/mo
0.4 miles
Valero Energy
Shops & Services
3,532 visits/mo
0.3 miles
Demographics for 73112, OK
31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
Median Home Value
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Owner-occupied retail property with an additional mobile communications occupant and included operating business inventory.
Where is this storefront property located?
The property is located at 3637 N Pennsylvania Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,831‑square‑foot retail storefront; Built in 2001; Zoned C‑3 (Retail Trade)
