Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16533 May Ave Edmond, OK 73012

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Edmond, OK: Prime Office & Retail Opportunity

    Lot size:
    220,000 SF

    Property Features for 16533 May Ave

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    220,000 SF
    Total Rate
    660000

    Building Details

    Year Built
    23
    Buildings
    20

    Spaces For Lease

    at 16533 May Ave, Edmond, OK 73012 Contact us
    Unit Available Space

    $38 /Mo

    Size
    220,000 SF
    Contact us

    We can help!

    Listing Contact
    Malek Massad
    Malek Massad

    Listing Agency: Skybridge Real Estate Listing Agent: Malek Massad

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

    Learn more

    Overview

    Rose Creek Plaza, located at 16533 N May Ave, Edmond, OK 73012, presents a unique investment opportunity. This mixed-use development in Oklahoma County boasts a total of 220,000 square feet, currently featuring 150,000 square feet of vacant space across multiple buildings. The property sits on a substantial 27-acre lot and includes two buildings, offering a total of 1,205 parking spaces. Built in 2023, the property is ideally situated on the northwest corner of NW 164th Street and N May Avenue, providing high visibility at a prominent intersection. The development is designed to be a premier destination, combining high-end retail, dining, and service options. Three office buildings offer stunning lake and golf course views, making them particularly attractive for businesses seeking a prestigious location. The property's strategic location on the cusp of Oklahoma City and Edmond, a rapidly growing affluent suburb, ensures high traffic and visibility. Homeland Grocers is slated to open by Thanksgiving of this year, with additional retail and restaurant spaces opening soon after. This property is perfect for businesses seeking a high-profile location in a thriving community. The property type is categorized as Retail, Office, with subtypes including Traditional Office and Medical Office. The tenancy is single.
    Property Profile Location Intelligence

    Current Use by Public Records

    Homeland Stores Grocery & Convenience Store Rose Creek Plaza Shopping Center & Mall

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    -97.5671563
    Latitude
    35.6389243

    Nearby Similar for Lease

    • $3,000 /Mo
      247,168 SF

      Corner Commercial Rentals in Edmond, OK

      Spacious commercial rentals on the corner of Waterloo Road and Kelley.
      1101 W Waterloo Rd, Edmond, OK 73025
      View Details
    • $20 SF/Yr
      3,056 SF

      Move-in Ready Office Building

      Professional office building in Edmond, OK, with modern functionality.
      1000 NW 139Th St, Edmond, OK 73013
      View Details
    • $2,300 /Mo
      2,200 SF

      Edmond Office Space For Lease

      Flexible office space in a desirable Edmond location.
      800 W 18Th St, Edmond, OK 73013
      View Details
    • $2,200 /Mo
      1,600 SF

      Edmond Commercial Flex Space Rental

      Spacious commercial rentals with high ceilings at a visible intersection.
      1101 W Waterloo Rd, Edmond, OK 73025
      View Details
    • $7,850 /Mo
      3,626 SF

      Prime Downtown Edmond Corner Property

      Highly visible 3,626 sq ft retail/office space in vibrant Edmond.
      116 S Broadway Ave, Edmond, OK 73034
      View Details
    • Sponsored
      New
      Contact for pricing

      OK, Edmond - S Broadway

      Discover many ways to work your way in OK, Edmond - S Broadway
      3209 Broadway, Edmond, OK 73013
      View Details
    • Contact for pricing

      New Retail Center at Covell

      Newly constructed retail center near I-35 and Covell in Edmond, OK.
      2664 Exchange Dr, Edmond, OK 73034
      View Details
    • $13 SF/Yr

      Edmond Office Space For Rent

      Dallas style office space in southeast Edmond location.
      1261 E 33Rd St, Edmond, OK 73034
      View Details
    • $2,800 /Mo

      Office/Warehouse Flex Space Available

      Flex space with office and warehouse components for lease.
      2800 South Coltrane Pl, Edmond, OK 73034
      View Details
    • $28 SF/Yr
      2,800 SF

      Retail Shopping Center Development

      New retail development opportunity in Oklahoma City.
      15398 Lleytons Ct, Edmond, OK 73013
      View Details
    • Contact for pricing
      23,897 SF

      Retail Space in Edmond Center

      Retail space for lease in a high-traffic Edmond location.
      210 South Bryant Ave, Edmond, OK 73034
      View Details
    • $12 SF/Yr

      Office Space Available For Rent

      Office suites available for rent, can be divided.
      1401-1425 East Ayers St, Edmond, OK 73034
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Edmond, OK: Prime Office & Retail Opportunity
    Where is this medical office space located?
    The property is located at 16533 May Ave Edmond, OK.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location.; Phased construction allows for flexibility.; Ample parking with 1,205 stalls.
    (405) 898-0702 Call to check price and availability
    Request Owner's contact information
    16533 May Ave Edmond, OK 73012
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16533 May Ave
    Edmond, OK 73012
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    16533 May Ave Edmond, OK 73012
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Malek Massad
    Malek Massad
    Real Estate License ID: 181874
    (405) 898-0702 (405) 922-5464
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!