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    701-749 E Independence St Shawnee, OK

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    Retail spaces available in Shawnee, Oklahoma shopping center.

    Type:RETAIL
    Property size:
    6,540 SF
    Lot size:
    5.37 Acres
    Added:
    Jun 26, 2024
    Days on Market:
    673
    Last Refresh:
    Apr 5 at 10:09 pm

    Property Features for 701-749 E Independence St

    General Information

    Standard status
    Active
    Size
    6,540 SF
    Lot size
    5.37 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 701-749 E Independence St Contact us

    We can help!

    Listing Contact
    Rick Lemons
    Rick Lemons

    Listing agent Rick Lemons

    Listing office Quine & Associates, Inc.

    Listing date Jun 26, 2024

    Source Moodyscre

    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 Quine & Associates, Inc.

    Overview

    Retail Space on Independence Street

    Located at the intersection of E Independence Street and N Harrison Street in Shawnee, OK, this neighborhood shopping center offers retail spaces for rent. The property provides excellent visibility. Available spaces within the shopping center total 6,540 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Del Plaza Shopping Center — Shawnee, OK 74801
    • Harrison Plaza — Cooper Area Vocational College, Shawnee, OK 74804
    • Vanity Square — 1717 n kickapoo ave, shawnee, ok 74804

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Pottawatomie
    State
    Oklahoma
    Longitude
    -96.9134
    Latitude
    35.3467

    Nearby Similar for Lease

    • $16 SF/Yr

      Office Space Near Shawnee Airport

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      Shawnee Warehouse with Office Space

      24,870 SF available with flexible office/warehouse ratio near I-40.
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      Retail Space in Shawnee, OK

      Retail space available in a high-traffic Shawnee location.
      2802-2818 N Kickapoo Ave, Shawnee, OK
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      24,870 SF Industrial Space For Lease - 6200 N. Harrison Street-Unit 2

      24,870 SF industrial space for lease in Shawnee, OK.
      6200 N. Harrison Street, Unit 2, Shawnee, OK 74804
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    • $2 SF/Yr

      Industrial Space Available for Lease

      Divisible industrial space ideal for manufacturing and distribution.
      215 N Bell Ave, Shawnee, OK
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      Retail Space Near Shawnee Mall

      Retail space for rent near Shawnee Mall and I-40.
      500 Shawnee Mall Dr, Shawnee, OK
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      Retail Space Near Walmart

      Retail space available in high-visibility location near Walmart.
      4903 N Union Ave, Shawnee, OK
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      Shawnee Retail or Office Space

      Versatile 1,550 SF space near downtown Shawnee.
      432 N Broadway Ave, Shawnee, OK
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      Retail Space Anchored by Homeland

      Retail space available for ground lease anchored by Homeland.
      1500 N Kickapoo Ave, Shawnee, OK
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      Versatile Commercial Space with Overhead Door

      2,800 sq ft space with utilities included near I-77.
      14106 Acme Rd, Shawnee, OK 74804
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      Retail Space at High-Traffic Intersection

      Neighborhood shopping center with excellent visibility for lease.
      Swc E Independence & N Harrison, Shawnee, OK 74804
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in Shawnee, Oklahoma shopping center.
    Where is this shopping center located?
    The property is located at 701-749 E Independence St Shawnee, OK.
    What are key features of this property?
    This property features: Excellent visibility at the intersection of E Independence & N Harrison.; Neighborhood SC.
    (972) 669-8440 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rick Lemons
    Rick Lemons
    Learn More
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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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