Redbud Square Shopping
For Sale
Contact for pricing
411-415 N Bryant Ave, Edmond, OK 73034
Retail center with masonry construction, landscaped grounds, established tenants, and two points of entry and exit.
Property Size17,888 SF
Price / SF$236.19
Days on Market8
Property Features for 411-415 N Bryant Ave
General Information
Standard status
Active
Size
17,888 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Amenities
Ample Parking
Beautifully Landscaped
Building Details
Construction
masonry
Tenancy
Multi
Listing Agency:
NAI RED Commercial Real Estate
(405) 840-0600
Listed By:
Bob Sullivan · License ##111159
(405) 641-9798
Source:
Moodyscre
Added: Aug 26
Changed: Sep 1
Last Checked: Sep 1 at 9:07PM
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 NAI RED Commercial Real Estate
Investment Insights
Based on property information with market context.
Redbud Square is a 17,888-square-foot shopping center at 411-415 N Bryant Ave in Edmond, Oklahoma. The property features a masonry exterior and landscaped grounds, presenting a defined retail environment for occupants and visitors.
Two entry and exit points support circulation through the site, while ample parking serves the center’s daily access needs. The property is occupied by long-term tenants, providing an established operating profile for a retail-focused acquisition.
Two entry and exit points support circulation through the site, while ample parking serves the center’s daily access needs. The property is occupied by long-term tenants, providing an established operating profile for a retail-focused acquisition.
Key Highlights
- 17,888‑square‑foot shopping center at 411‑415 N Bryant Ave, Edmond, OK 73034
- Masonry exterior with landscaped grounds
- Ample parking for center users
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
$188,810
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
4.47%
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%
$3,776,200
$3.8M
Cap Rate 7%
$2,697,286
$2.7M
Cap Rate 9%
$2,097,889
$2.1M
Market Conditions
NOI Build-Up for 17,888 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
$298.4K $16.68/SF
− Vacancy
−$28.6K −$1.60/SF
EGI
$269.7K $15.08/SF
− OpEx
−$80.9K −$4.52/SF
NOI
$188.8K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /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%
$3,776,200
Cap Rate 7%
$2,697,286
Cap Rate 9%
$2,097,889
Alternative Uses
Best Use
Retail
$2.70M
$2.36M – $3.15M
NOI $188,810 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $260,802 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,083
Businesses Nearby
249k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Groceries 18%
Shops & Services 7%
Electronics 2%
Walmart Neighborhood Market
Groceries
44,353 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
40,134 visits/mo
0.4 miles
Chick-fil-A
Dining
37,746 visits/mo
0.4 miles
IHOP
Dining
18,730 visits/mo
0.4 miles
McAlister's Deli
Dining
13,242 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bryant Square Shopping Center — S Bryant Ave, Edmond, OK 73034
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with masonry construction, landscaped grounds, established tenants, and two points of entry and exit.
Where is this shopping center located?
The property is located at 411-415 N Bryant Ave Edmond, OK.
What is the asking price?
The asking price for this property is $4,225,000.
What are key features of this property?
This property features: 17,888‑square‑foot shopping center at 411‑415 N Bryant Ave, Edmond, OK 73034; Masonry exterior with landscaped grounds; Ample parking for center users
