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    5601 NW 72nd St, Warr Acres, OK 73132

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    Prime commercial space for retail, office, or service-oriented businesses.

    Type:Office
    Added:
    Jan 25, 2021
    Days on Market:
    1947
    Last Refresh:
    May 12 at 9:35 pm

    Property Features for 5601 NW 72nd St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 5601 NW 72nd St Contact us

    Suite 260C $46/Mo

    Size
    69 SF
    Type
    Office
    Cheap & Cheerful micro suites! Need a professional address for a start up or small...
    show more
    Contact us

    106A $15/Mo

    Size
    280 SF
    Type
    Office
    106A-106E are open starting at $350/m for a Year 1 concession & step up to $688/m.
    Contact us

    Third Floor: Suite 308 $13/Mo

    Size
    1,565 SF
    Type
    Office
    As-is for $1795 & $2295 remodeled. For further details, call.
    Contact us

    Large & In Charge: Suite 378 $13/Mo

    Size
    1,035 SF
    Type
    Office
    Suite 378 offers 1035 sq.ft. with its own client reception. Join a building that...
    show more
    Contact us

    178-O! Lobby Level! Large & In Charge $15/Mo

    Size
    417 SF
    Type
    Office
    Spacious Private Executive Suites, Atrium Views & Premium Amenities!nDiscover the...
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    Contact us
    Show more

    We can help!

    Listing Contact
    David Friedman

    Listing agent David Friedman License #CA 867551

    Listing office Rodeo Realty

    Listing date Jan 25, 2021

    Source Crexi

    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 Rodeo Realty

    HighLights

    • High visibility and traffic location ideal for retail, office, or service businesses
    • Flexible floor plans to suit various business needs
    • Ample parking for clients and employees
    • Proximity to key amenities
    • Furnished client receptions, kitchenette & break rooms, and a conference room
    • Recent upgrades including new signage, metal awnings, and roof

    Overview

    Located at 56 Expressway, this commercial space offers a leasing opportunity suitable for retail, office, or service-oriented businesses. The property features flexible floor plans and ample parking. It is strategically located with high visibility and traffic. The location is near key amenities. Furnished client receptions, kitchenette and break rooms, and a conference room are available. The building is positioned off the Expressway. Recent upgrades include new signage, metal awnings, and a newly installed roof.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Spaces

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Metro Cellular Repairs/Boost Mobile — 5614 Northwest Expy, Warr Acres, OK 73132
    • Phone Tech Repair & Solutions — 4431 NW 63rd St, Oklahoma City, OK 73116
    • Walmart Home Theater Installation — 6437 N MacArthur Blvd, Warr Acres, OK 73132
    • Aftech services — 5601 NW 72nd St Suite 378, Warr Acres, OK 73132
    • OKLA-POS — 5825 Melton Dr, Oklahoma City, OK 73132

    Location Insight

    • Map
    • Local Demand
    City
    Warr Acres
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6115502
    Latitude
    35.5450812

    Nearby Similar for Lease

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      Retail Space on Route 66

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    • $9 SF/Yr
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      Retail Space on Route 66

      Retail property with frontage on Route 66 and ample parking.
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      Retail space available on a major Oklahoma City retail corridor.
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    • $13 SF/Yr
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      Retail Space with Pylon Signage

      Recently remodeled retail space with ample parking and great accessibility.
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      Retail Space on NW Expressway

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      Northwest OKC Multi-Tenant Office Tower

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    FAQs

    What type of property is this?
    Office space - Prime commercial space for retail, office, or service-oriented businesses.
    Where is this office space located?
    The property is located at 5601 NW 72nd St Warr Acres, OK.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: High visibility and traffic location ideal for retail, office, or service businesses; Flexible floor plans to suit various business needs; Ample parking for clients and employees
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Friedman
    Real Estate License ID: CA 867551
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    5601 NW 72nd St, Warr Acres, OK 73132
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