Retail Space with High
For Sale
Contact for pricing
9001 S Western Ave, Oklahoma City, OK
Retail space in a busy corridor with ample parking.
Property Size10,594 SF
Lot Size1.86 Acres
Price / SF$231.26
Days on Market278
Property Features for 9001 S Western Ave
General Information
Standard status
Active
Size
10,594 SF
Lot size
1.86 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 9001 S Western Ave Contact us- Floor
- Bldg
- Size
- 10,594 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
9001 S Western Ave
- Highlights
- Easy Access with 2 Curb Cuts
- Strong Visibility with Large Pylon...
show more
Contact us
Listing Agency:
Creek Price Edwards and Company - Oklahoma City
(405) 830-0252
Listed By:
Ethan Slavin · License #OK 179422
(405) 830-0252
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 20
Last Checked: Aug 26 at 12:11PM
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 Creek Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
This retail space offers easy access with two curb cuts and strong visibility enhanced by a large pylon sign. Ample parking is available. The property is situated in a busy retail corridor, benefiting from high traffic counts of 19,246 vehicles per day on SW 89th and 23,515 vehicles per day on S Western Ave. The property has a size of 10594 square feet.
Key Highlights
- High Traffic Counts: 23,515 VPD on S Western Ave
- High Traffic Counts: 19,246 VPD on SW 89th
- Strong Visibility with Large Pylon Sign**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$209,126
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,182,520
$4.2M
Cap Rate 7%
$2,987,514
$3.0M
Cap Rate 9%
$2,323,622
$2.3M
Market Conditions
NOI Build-Up for 10,594 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$317.8K $30.00/SF
− Vacancy
−$19.1K −$1.80/SF
EGI
$298.8K $28.20/SF
− OpEx
−$89.6K −$8.46/SF
NOI
$209.1K $19.74/SF
Area
Oklahoma City, OK
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,182,520
Cap Rate 7%
$2,987,514
Cap Rate 9%
$2,323,622
Alternative Uses
Best Use
Retail
$2.99M
$2.61M – $3.49M
NOI $209,126 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.62M
$3.17M – $4.23M
NOI $253,620 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
Dollar Tree
Shops & Services
10,008 visits/mo
0.4 miles
SONIC Drive In
Dining
9,689 visits/mo
0.5 miles
Taco Mayo
Dining
5,815 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,717 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
3,714 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space in a busy corridor with ample parking.
Where is this retail space located?
The property is located at 9001 S Western Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: High Traffic Counts: 23,515 VPD on S Western Ave; High Traffic Counts: 19,246 VPD on SW 89th; Strong Visibility with Large Pylon Sign**
