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    16533 May Ave Edmond, OK 73012

    For Lease
    $36 SF/Yr

    Edmond, OK: Prime Office & Retail Opportunity

    Lot size:
    220,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 Features for 16533 May Ave

    General Information

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

    Building Details

    Year Built
    23
    Buildings
    20

    Unit(s) available at that property

    Space
    Available Space
    Size
    220,000 SF
    Rate per SF
    $38

    HighLights

    • High‑visibility location.
    • Phased construction allows for flexibility.
    • Ample parking with 1,205 stalls.
    • Highly adaptable square footage options.
    • Mixed‑use development.
    • Modern architectural design.
    Property Profile Location Intelligence

    Current Use by Public Records

    Homeland Stores Grocery Store Rose Creek Plaza Shopping Mall

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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

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    FAQs

    What type of property is this?
    Medical office - Edmond, OK: Prime Office & Retail Opportunity
    Where is this medical office 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.
    Request Owner's contact information
    16533 May Ave Edmond, OK 73012
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    Edmond, OK 73012
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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
    16533 May Ave Edmond, OK 73012
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