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    3406 Boulevard Edmond, OK 73013

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    For Lease
    Contact for pricing

    Prime Edmond location, flexible office suites.

    Lot size:
    36,173 SF

    Property Features for 3406 Boulevard

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,173 SF
    Class
    B
    Total Rate
    33158.58

    Building Details

    Year Built
    1986
    Buildings
    1

    Spaces For Lease

    at 3406 Boulevard, Edmond, OK 73013 Contact us
    Unit Suite 3456

    $11 /Mo

    Size
    2,680 SF
    Contact us
    Unit Suite 3406

    $11 /Mo

    Size
    3,818 SF
    Contact us
    Unit Suite 3452

    $11 /Mo

    Size
    2,800 SF
    Contact us
    Unit Suite 3446

    $11 /Mo

    Size
    1,209 SF
    Contact us
    Unit Suite 3418

    $11 /Mo

    Size
    1,500 SF
    Contact us
    Unit Suite 3434

    $11 /Mo

    Size
    5,235 SF
    Contact us
    Unit Suite 3444

    $11 /Mo

    Size
    3,524 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Nathan Wilson
    Nathan Wilson

    Listing Agency: NAI RED Commercial Real Estate Listing Agent: Nathan Wilson

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

    Learn more

    Overview

    Boulevard Village, located at 3406 S Blvd in Edmond, Oklahoma (zip code 73013), offers a unique opportunity for businesses seeking flexible office space. This Class B, single-building property totals 36,173 square feet and sits on a 3.1-acre lot. Currently, 7,915 square feet of space is available, with minimum divisible units of 1,500 square feet and a maximum contiguous space of 5,235 square feet. The property is zoned D-2 Neighborhood Commercial and was built in 1986. Its ideal location offers excellent visibility, boasting 383 feet of frontage on Boulevard Street, and is conveniently situated near the Kilpatrick Turnpike, east of Villas at Stonebridge. The property features ample parking with 470 spaces and allows for highly visible signage. The versatile space is suitable for both office and retail uses, and a drive-thru option may be possible. This multi-tenant property offers a prime opportunity to establish a presence in a thriving Edmond commercial area. The property is classified as Retail and Office, with a Coworking and Strip Center subtype.
    Property Profile Location Intelligence

    Current Use by Public Records

    McBride Clinic Occupational ... Physician Mr. Danny Williams Physician Blake Middleton Physician Gary Schick Physician Occmed Edmond Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4769149
    Latitude
    35.6221679

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Edmond location, flexible office suites.
    Where is this neighborhood center located?
    The property is located at 3406 Boulevard Edmond, OK.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 36,173 SF Class B office building on a 3.1-acre lot in Edmond, OK.; 7,915 SF of available space, divisible to 1,500 SF minimum, with a maximum contiguous block of 5,235 SF.; Located at 3406 S Blvd, Edmond, OK 73013, with 383 feet of frontage on Boulevard Street, near Kilpatrick Turnpike.
    (405) 760-5327 Call to check price and availability
    Request Owner's contact information
    3406 Boulevard Edmond, OK 73013
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    Edmond, OK 73013
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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
    3406 Boulevard Edmond, OK 73013
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nathan Wilson
    Nathan Wilson
    Real Estate License ID: #171981
    (405) 760-5327 (405) 840-0600
    Learn more
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