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    7401 May Ave Oklahoma City, OK 73116

    For Lease
    $120 SF/Yr

    Oklahoma City Retail Center - High Visibility

    Lot size:
    68,179 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Lakeside Shopping Center, located at 7401 N May Ave, Oklahoma City, OK 73116, presents a unique opportunity for retail businesses. This single-story, 68,179 square foot Class B center, built in 1964 and renovated in 2013, sits on a 4.78-acre lot at the gateway to Nichols Hills. The property boasts 20 suites, with a minimum divisible space of 750 square feet and a maximum contiguous space of 12,000 square feet. Currently, only 100 square feet are vacant. The center is strategically positioned at the intersection of N. May Ave. and Grand Boulevard, offering high visibility and ample exposure to potential customers. An on-site LED sign is available for tenant use. The property is well-maintained and features a diverse mix of existing tenants and services, creating a vibrant and thriving retail environment. The zoning is C-3. The property is situated in the Nichols Hills submarket within the North OKC cluster. Note that cannabis is not an approved use. This is an exceptional opportunity to establish a presence in a well-established and desirable location.

    Property Features for 7401 May Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    68,179 SF
    Class
    B
    Total Rate
    681790

    Building Details

    Year Built/Renovated
    1964/2013
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    ATM Pad - 7403 N. May Ave.
    Size
    0 SF
    Rate per SF
    $120

    HighLights

    • Lakeside Shopping Center, a 68,179 SF Class B retail center in Oklahoma City, OK.
    • Located on a 4.78‑acre lot at the intersection of N. May Ave. and Grand Boulevard, offering high visibility.
    • Features 20 suites, ranging from 750 SF to 12,000 SF contiguous, with only 100 SF currently vacant.
    • Built in 1964, renovated in 2013, and zoned C‑3.
    • Offers an on‑site LED sign and is situated in the desirable Nichols Hills submarket of North OKC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vapor Station Vaporizer Store ATM Atm Fuzzy's Taco Shop Taco Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.56592306
    Latitude
    35.5461949

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    FAQs

    What type of property is this?
    Individual retail property - Oklahoma City Retail Center - High Visibility
    Where is this individual retail property located?
    The property is located at 7401 May Ave Oklahoma City, OK.
    What is the lease rate?
    The lease rate is $120 SF/Yr.
    What are key features of this property?
    This property features: Lakeside Shopping Center, a 68,179 SF Class B retail center in Oklahoma City, OK.; Located on a 4.78-acre lot at the intersection of N. May Ave. and Grand Boulevard, offering high visibility.; Features 20 suites, ranging from 750 SF to 12,000 SF contiguous, with only 100 SF currently vacant.
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    Realmo Value Estimation

    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.

    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.

    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
    7401 May Ave Oklahoma City, OK 73116
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