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    9410 May Ave The Village, OK 73120

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    For Lease
    Contact for pricing

    Oklahoma City Retail Space: 7 Units Available

    Lot size:
    91,176 SF

    Property Features for 9410 May Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    91,176 SF
    Total Rate
    60784

    Building Details

    Year Built
    1968

    Spaces For Lease

    at 9410 May Ave, The Village, OK 73120 Contact us
    Unit 9414 N May Ave

    $14 /Mo

    Size
    6,275 SF
    Contact us
    Unit 9422 N May Ave

    $14 /Mo

    Size
    11,695 SF
    Contact us
    Unit 9432 N May Ave

    $8 /Mo

    Size
    11,695 SF
    Contact us
    Unit 9460 N May Ave

    $14 /Mo

    Size
    36,311 SF
    Contact us
    Unit 9470 N May Ave

    $13 /Mo

    Size
    36,311 SF
    Contact us
    Unit 9494 N May Ave

    $20 /Mo

    Size
    36,311 SF
    Contact us
    Unit 9420 N May Ave

    $16 /Mo

    Size
    2,050 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Ethan T Slavin

    Listing Agent: Ethan T Slavin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Shoppes on May, a 91,176 square foot retail center in The Village, Oklahoma, offers exceptional opportunities for businesses seeking prime commercial space. Located at 9410 N May Ave, zip code 73120, this established center boasts a 6.63-acre lot and is conveniently situated near Lake Hefner Parkway (HWY 74) and the Kilpatrick Turnpike, ensuring high visibility and accessibility. Built in 1968 and zoned commercial, the property currently has 44,590 square feet of vacant space available, divisible into units ranging from a minimum of 2,645 square feet to a maximum contiguous space of 10,272 square feet. Seven spaces are currently available, with sizes ranging from 1,800 to 36,311 square feet. The center is anchored by established businesses including Bank of America, Tuesday Morning, and Architectural Hardware, creating a strong tenant mix and a vibrant shopping environment. Oklahoma County's thriving commercial market and the property's strategic location make Shoppes on May an ideal investment for a variety of retail uses. The property's multiple tenancy structure offers flexibility for businesses of various sizes. This is a rare opportunity to secure space in a well-established, high-traffic retail center in a desirable Oklahoma City submarket.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    The Village
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5654349
    Latitude
    35.5661935

    Nearby Similar for Lease

    • $16 SF/Yr
      4,704 SF

      Upscale Shopping Center Space

      Upscale shopping center with heavy foot traffic and highway access.
      1709-9323 N Pennsylvania Pl, The Village, OK
      View Details
    • $10 SF/Yr
      59,000 SF

      The Collonade: Office Suites in The Village

      Prime Office Space, The Village, OK
      9636 May Ave, The Village, OK 73120
      View Details

    FAQs

    What type of property is this?
    Retail property - Oklahoma City Retail Space: 7 Units Available
    Where is this retail property located?
    The property is located at 9410 May Ave The Village, OK.
    What is the lease rate?
    The lease rate is $8-$20 SF/Yr.
    What are key features of this property?
    This property features: 91,176 SF retail center on a 6.63-acre lot in Oklahoma City's Village submarket.; High visibility & accessibility near Lake Hefner Parkway (HWY 74) and Kilpatrick Turnpike.; 44,590 SF of vacant space available, divisible into units from 2,645 SF to 10,272 SF.
    (405) 478-0601 Call to check price and availability
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    9410 May Ave The Village, OK 73120
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    The Village, OK 73120
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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
    9410 May Ave The Village, OK 73120
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ethan T Slavin
    (405) 478-0601
    Learn more
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