Premier Retail Strip Investment
For Sale
Contact for pricing
5825 SE 15th St, Midwest City, OK 73110
Retail strip in Sooner Rose Shopping Center, Midwest City, Oklahoma.
Property Size22,678 SF
Price / SF$330.72
Days on Market165
Property Features for 5825 SE 15th St
General Information
Standard status
Active
Size
22,678 SF
Class
B
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$562,009
Building Details
Units
4
Tenancy
Multi
Listing Agency:
HMX Realty Advisors
(212) 686-0072
Listed By:
Dan de Sa · License #NY 40DE0945716
Source:
Crexi
Added: Mar 11
Changed: Aug 12
Last Checked: Aug 22 at 8:37AM
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 HMX Realty Advisors
Investment Insights
Based on property information with market context.
Located within the Sooner Rose Shopping Center in Midwest City, Oklahoma, Sooner Rose 2 is a retail strip property offered for sale. The property is currently 60% leased to investment-grade and corporate tenants, including Dollar Tree and Rally House, with an 8.8-year weighted average lease term. The property benefits from its location directly across from the top-performing Walmart Supercenter in Oklahoma and a high-traffic Home Depot. Sooner Rose ranks in the top 8% of community shopping centers nationally, with 5.2 million annual visits. The tenant mix includes the #2 ranked Fuzzy’s Tacos location in the country. The property benefits from its proximity to Tinker Air Force Base, which has a $7.5 billion total economic impact and supports 30,000 direct and 33,000 secondary jobs. New and expanding missions include the exclusive maintenance hub for the next-generation B-21 Raider stealth bomber (Northrup Grumman), a decades-long assignment. There is a new 131-acre expansion (Lockheed Martain) supporting 1,000 new jobs for Defense Systems. Boeing is the city's largest aerospace employer (~3,500+ employees) and Pratt & Whitney operates a new 845,000-square-foot engine facility for the F-35 and B-52 (opened Oct 2024). The property has a size of 22678 square feet.
Key Highlights
- Located directly across from the #1 performing Walmart Supercenter in Oklahoma and a high‑traffic Home Depot, ranking in the top 8% of community shopping centers nationally with 5.2 million annual visits.
- Benefits from the "Tinker Effect" due to its 2‑mile proximity to Tinker Air Force Base, a major economic driver with a $7.5 billion total economic impact.
- Offered at $7,500,000 with a 7.5% Cap Rate, representing a top‑tier investment.
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
$239,369
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
3.19%
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%
$4,787,380
$4.8M
Cap Rate 7%
$3,419,557
$3.4M
Cap Rate 9%
$2,659,656
$2.7M
Market Conditions
NOI Build-Up for 22,678 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
$378.3K $16.68/SF
− Vacancy
−$36.3K −$1.60/SF
EGI
$342.0K $15.08/SF
− OpEx
−$102.6K −$4.52/SF
NOI
$239.4K $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%
$4,787,380
Cap Rate 7%
$3,419,557
Cap Rate 9%
$2,659,656
Alternative Uses
Best Use
Retail
$3.42M
$2.99M – $3.99M
NOI $239,369 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.72M
$4.13M – $5.51M
NOI $330,639 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
6,285 visits/mo
0.1 miles
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail strip in Sooner Rose Shopping Center, Midwest City, Oklahoma.
Where is this shopping center located?
The property is located at 5825 SE 15th St Midwest City, OK.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Located directly across from the #1 performing Walmart Supercenter in Oklahoma and a high‑traffic Home Depot, ranking in the top 8% of community shopping centers nationally with **5.2 million annual visits**.; Benefits from the "Tinker Effect" due to its 2‑mile proximity to Tinker Air Force Base, a major economic driver with a $7.5 billion total economic impact.; Offered at $7,500,000 with a **7.5% Cap Rate**, representing a top‑tier investment.
