400 S Air Depot Blvd Midwest City, OK 73110
Retail building on a major arterial with a drive-through, parking for 30+ vehicles, and both covered spaces and pole signage.
- Added:
- Apr 20, 2026
- Days on Market:
- 82
- Last Refresh:
- Jul 10 at 3:13 am
Property Features for 400 S Air Depot Blvd
General Information
- Standard status
- Active
- Size
- 1,978 SF
Listing office Dean Lemons & Associates (405) 503-0492
Listing date Apr 20, 2026
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of Dean Lemons & Associates
Investment Insights
Based on property information with market context.
The site is located on a major north-south arterial in the heart of Midwest City. The property is zoned C-3 with a special use permit for liquor sales and is described as having very high traffic counts of over 20,000 vehicles daily. Parking is available for over 30 vehicles, including 16 covered spaces, and the property has an existing pole sign.
Key Highlights
- Zoned C‑3 with special use permit for liquor sales.
- Drive‑thru retail building with an existing sales floor configuration of approx. 1,126 SF MOL.
- Potential to increase showroom area to about 1,300 SF MOL by removing a faux wall separating approx. 180 SF MOL.
Local 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 | $33.0k | $16.68 |
| − Vacancy | −$3.2k | −$1.60 |
| EGI | $29.8k | $15.08 |
| − OpEx | −$8.9k | −$4.52 |
| NOI | $20.9k | $10.56 |
