Remodeled NNN
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For Sale
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701 N Villa Ave, Oklahoma City, OK 73107
A tenant-occupied commercial property with a recently updated interior and an NNN lease structure.
Property Size21,822 SF
Price / SF$94.86
Days on Market6
Property Features for 701 N Villa Ave
General Information
Standard status
Active
Size
21,822 SF
Property subtype
INDUSTRIAL
Additional Details
Tenant in Place
Yes
Listing Agency:
Imperial Properties Inc.
(918) 665-2700
Listed By:
David Hall
(918) 808-7373
Source:
Moodyscre
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 30 at 12:14PM
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 Imperial Properties Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 21,822-square-foot commercial property is leased on an NNN basis and has undergone a recent remodel. A building supply company with a longstanding presence at the location was recently acquired by RW American.
The property is at 701 N Villa Ave in Oklahoma City, with access to an expressway.
The property is at 701 N Villa Ave in Oklahoma City, with access to an expressway.
Key Highlights
- 21,822‑square‑foot property
- NNN lease structure
- Recently remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,667
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,653,340
$2.7M
Cap Rate 7%
$1,895,243
$1.9M
Cap Rate 9%
$1,474,078
$1.5M
Market Conditions
NOI Build-Up for 21,822 SF
Gross rent
$196.4K $9.00/SF
− Vacancy
−$6.9K −$0.32/SF
EGI
$189.5K $8.69/SF
− OpEx
−$56.9K −$2.61/SF
NOI
$132.7K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,653,340
Cap Rate 7%
$1,895,243
Cap Rate 9%
$1,474,078
Alternative Uses
Best Use
Industrial
$1.90M
$1.66M – $2.21M
NOI $132,667 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.46M
$6.53M – $8.71M
NOI $522,419 @ 7.0% cap · market cap 25.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
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Business Placement
Demographics for 73107, OK
26,318
Population
12,621
Households
2.1
Avg Household Size
34
Median Age
31%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
3,463
Density / Sq Mi
$58,428
Median Household Income
$38,753
Median Earnings
$1,014
Median Rent
$143,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
NNN property - A tenant-occupied commercial property with a recently updated interior and an NNN lease structure.
Where is this nnn property located?
The property is located at 701 N Villa Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,070,000.
What are key features of this property?
This property features: 21,822‑square‑foot property; NNN lease structure; Recently remodeled
