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    4501 Mill St Pryor, OK 74361

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    For Lease
    Contact for pricing

    New Retail Units, Prime Location

    Lot size:
    12,325 SF

    Property Features for 4501 Mill St

    General Information

    Property type
    NNN properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,325 SF

    Building Details

    Year Built
    2024

    Spaces For Lease

    at 4501 Mill St, Pryor, OK 74361 Contact us

    We can help!

    Listing Contact
    Ryan Matthews
    Ryan Matthews

    Listing Agent: Ryan Matthews

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

    Learn more

    Overview

    This exceptional retail opportunity presents seven brand-new suites totaling 12,325 square feet in a vibrant Pryor, Oklahoma location at 4501 South Mill St. Currently under construction, this development offers customizable layouts to perfectly suit your business needs. Individual units range from a minimum of 1,080 square feet to a maximum contiguous space of 4,320 square feet, with 5,400 square feet currently vacant. The building boasts a modern design, offering high visibility and accessibility on South Mill Street, ensuring maximum exposure for your business. The freestanding structure provides excellent branding opportunities. Built in 2024, these spaces are ideal for a variety of businesses, from boutiques to restaurants. With only four units remaining, this is a unique chance to establish your business in a thriving community. The build-to-suit options allow for tailored interior finishes and layouts, creating a space perfectly aligned with your brand identity. Don't miss this chance to secure your place in this prime location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Matthews Ford of Pryor ... Auto Parts Store Matthews Ford of Pryor ... Auto Repair Shop Matthews Ford of Pryor Car Dealership Roberts Lincoln Car Dealership

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Hair Salon Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pryor
    County
    Mayes
    State
    Oklahoma
    Longitude
    -95.332068509281
    Latitude
    36.268395137872

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Growing District

      New retail development near Mid-America Industrial Park in Pryor, OK.
      3822 W 530, Pryor, OK 74361
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      30,000 SF

      Pryor Retail Center Opportunity

      Prime retail space, flexible layouts, high-growth area.
      0 Of Mid America Industrial Park, Pryor, OK 74361
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      6,230 SF

      Pryor, OK Retail Space Available

      High-visibility retail space; 1,100-4,030 sq ft.
      108 Mill St, Pryor, OK 74361
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      13,600 SF

      Industrial Space in Pryor, Oklahoma

      13,600 SF industrial property available for lease.
      4752 Hunt St, Pryor, OK 74361
      View Details

    FAQs

    What type of property is this?
    NNN property - New Retail Units, Prime Location
    Where is this nnn property located?
    The property is located at 4501 Mill St Pryor, OK.
    What are key features of this property?
    This property features: Brand new, 12,325 SF retail building in Pryor, OK.; Seven suites available, ranging from 1,080 SF to 4,320 SF contiguous.; 5,400 SF currently vacant.
    (918) 605-2821 Call to check price and availability
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    4501 Mill St Pryor, OK 74361
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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
    4501 Mill St Pryor, OK 74361
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Matthews
    Ryan Matthews
    Real Estate License ID: 206077
    (918) 605-2821 (539) 367-1555
    Learn more
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